UPI payments won’t be charged extra because the NPCI 1.1 per cent fee has a small print that you should be aware of

The NPCI has proposed an interchange fee on UPI transactions worth more than Rs 2,000 conducted using Prepaid Payment Instruments (PPIs). Beginning April 1, 2023, UPI payments will not be charged. Only certain digital wallet activities will be billed.The modification will not affect users. Only a subset of merchants will be required to pay the interchange charge. The National Payments … Read more

India’s UPI and Singapore’s PayNow joined hands for cross-border transactions

With the linking of the digital payment systems UPI and PayNow, the citizens of India and Singapore can now easily transfer money. By integrating the two countries, faster and more efficient remittances are possible. Shaktikanta Das, governor of the Reserve Bank of India, and Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), launched the linkage ahead of … Read more

How does Google Pay generate profits ? 

In the era of technology, we use the internet for almost everything. In every way, we have become dependent on our mobile phones and internet. From Shopping clothes, groceries, electronic gadgets to taking banking facilities,booking tickets, anything can be by just a touch on our devices. The meaning of technology has broadened since the last decade.  We all use mobile … Read more