Page 2 - Upi 2.0

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ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000

Customers can pay transaction amount above Rs 10,000 in the form of instalments in three, six, or nine months

Debit card usage declines 20% YoY as UPI becomes the first preference

A variety of reasons are responsible for the decline in debit card usage. Notably, UPI is available on mobile phones and has done away with the need to always carry a card

We should be allowed to charge for UPI: Worldline India's Ramesh Narasimhan

In a Q&A, the company's CEO dwells on the huge opportunity the payments business provides in India and why there is a sudden rush to acquire an aggregator licence

Merchant payment via wallets on UPI to attract 1.1% interchange from Apr 1

As NPCI seeks to integrate digital wallets on the UPI platform is expected to be positive for Paytm, which has a 60 per cent share in wallets

UPI ecosystem needs to be sustainable to grow further: Google Pay

Hints at the need to make transactions on the platform chargeable

RBI moots 'tiered' charge on payments through UPI, seeks public feedback

The RBI has asked for feedback and suggestions before October 3

Customers, merchants can use UPI Autopay facility for recurring payments

UPI transactions hit an all-time high of 1.34 billion in June, with transactions of over Rs 2.61 trillion clocked in June alone

MDR waiver: RBI may pay Rs 1,800 cr to banks to fund free transactions

Finance Minister Nirmala Sitharaman last month said no Merchant Discount Rate (MDR) charges will be applicable on transactions through homegrown RuPay and UPI platforms

NPCI enhances UPI 2.0, allows customers to make recurring payments

NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology

Why did the much anticipated e-mandate not come in updated UPI 2.0?

UPI 2.0 is specifically aimed to boost digital payments for merchants

Banks set to get data rich with UPI 2.0; likely to boost credit scoring

The updated payments system comes with new features such as the ability for people to link their overdraft accounts to the UPI app

In a new avatar: The updated UPI 2.0 to make digital payments safer

The updated version unveiled has been in the works for more than six months and has features like letting the merchants attach bills along with their payment requests

UPI 2.0 helping merchants; to allow Aadhaar-based biometric transaction

Users will be able to set mandates for recurring payments and transact using Aadhaar-based biometric authentication