UPI transactions News

Government Denies Plans to Impose GST on UPI Transactions Over Rs 2,000

The Indian government has clarified that there are no plans to impose GST on UPI transactions over Rs 2,000, dismissing recent reports as false. The finance ministry explained that...

Government Clarifies: No GST on UPI Transactions Above Rs 2000, Dismisses Rumors as Baseless

The government has denied rumors of imposing GST on UPI transactions over Rs 2000, stating no such proposal exists. UPI's growth is supported by government incentives, with transac...

Indian Payments Council Urges PM Modi for MDR on UPI and RuPay to Sustain Digital Growth

The Payments Council of India has requested PM Modi to introduce MDR on UPI transactions and RuPay debit cards, proposing a 0.3% fee for large merchants to sustain digital payment ...

RBI Expands Digital Payment Horizons: UPI Transactions Now Via Third-Party Apps

The Reserve Bank of India (RBI) has announced a groundbreaking initiative allowing PPI users to conduct UPI transactions via third-party apps, enhancing digital payment flexibility...

October Sees a 14% Drop in Indian Forex Spending Amid Surge in Domestic Digital Payments

Indian Forex spending dropped by 14% in October, totaling $2.4 billion, as domestic digital payments surged. Despite a festive season peak, November saw a decline in all transactio...