Follow Us on Google News New Delhi, July 20 (IANS) India has emerged as the global leader in fast payments, as UPI processed over Rs 24.03 lakh crore in payments through 18.39 billion transactions in June, according to a note by the International Monetary Fund (IMF) on Sunday. In June last year, 13.88 billion UPI … Read more
Follow Us on Google News New Delhi, July 16 (IANS) When the world questioned how a tea seller or a vegetable vendor could use digital payments, but today that dream has come true — UPI payments have surpassed Visa transactions, Union Minister for Electronics and IT, Ashwini Vaishnaw, said on Sunday. Addressing a packed hall … Read more
Follow Us on Google News New Delhi, July 13 (IANS) Former NITI Aayog CEO Amitabh Kant on Sunday lauded UPI for becoming the world’s leading real-time payment system, processing a staggering 650 million transactions daily to dislodge Visa from the top rank. Calling it ‘phenomenal’, Kant said, “This has been one of the most notable … Read more
Follow Us on Google News New Delhi, July 11 (IANS) Thanks to the massive adoption of unified payments interface (UPI) based digital transactions, India now makes faster payments than any other country in the world, an International Monetary Fund (IMF) note has emphasised. Since its launch in 2016, UPI has grown quickly, while some proxies … Read more
Follow Us on Google News New Delhi, June 19 (IANS) A small-time tea stall owner in Seelampur became the unsuspecting victim of a sophisticated cyber fraud that resulted in the loss of Rs 2.36 lakh from his wife’s bank account. However, swift action by the Cyber Police of Delhi’s North-East District led to the arrest … Read more
Follow Us on Google News New Delhi, June 19 (IANS) In a major breakthrough, the Delhi Police arrested three members of a pickpocket and cyber fraud gang that stole a mobile phone on a city bus and siphoned off over Rs 7.2 lakh by creating a fake UPI ID using the victim’s Aadhaar details before … Read more
Follow Us on Google News New Delhi, June 17 (IANS) The Delhi Police on Tuesday claimed to have cracked a sensitive cyber fraud case, involving two government officials, and made a recovery of over Rs 24 lakh, illegally transferred to a third person, by one of them. A Kolkata-based individual named Sanjay Chakraborty and Prakash … Read more
Follow Us on Google News New Delhi, June 11 (IANS) The Finance Ministry on Wednesday said that “speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading”. “Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains … Read more
PayU, one of India’s leading online payments services providers, has announced that it has received the final authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007. “We are happy to announce that PayU Payments Pvt. Ltd. has received … Read more