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
Follow Us on Google News Mumbai, May 6 (IANS) UPI QR codes have recorded the fastest growth in digital payments infrastructure in the financial year 2024-25, with a 91.5 per cent jump over the previous financial year to 657.9 million, according to the latest RBI data. The surge in UPI QR codes was accompanied by … Read more
Follow Us on Google News New Delhi, April 18 (IANS) The Finance Ministry on Friday made it clear that the government is not considering any proposal to levy Goods and Services Tax (GST) on UPI transactions over Rs 2,000. “The claims that the Government is considering levying Goods and Services Tax (GST) on UPI transactions … Read more
Follow Us on Google News New Delhi, April 9 (IANS) In order to further boost digital payments, the National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via Unified Payments Interface (UPI), RBI Governor Sanjay Malhotra said on Wednesday. At present, the transaction amount for UPI, covering both person-to-person … Read more
Follow Us on Google News New Delhi, March 26 (IANS) The Employees’ Provident Fund Organisation (EPFO) is likely to introduce a major change that will allow its members to withdraw their provident fund (PF) instantly through UPI and ATMs by the end of May or early June 2025. With this update, employees will no longer … Read more