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UPI Payments to Remain Free for Consumers, Finance Ministry Clarifies

Ut World August 8, 2026 0

The Ministry of Finance on Saturday clarified that consumers will not face transaction charges for using the Unified Payments Interface (UPI), amid discussions over the possible introduction of a merchant discount rate (MDR). The government said all person-to-person (P2P) UPI transactions will Continue Reading

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RBI’s New Guidelines Ensure Quick Refunds for Wrong UPI Transactions

Ut World August 20, 2024 0

With the growing popularity of the Unified Payments Interface (UPI), digital transactions have become a convenient and efficient way to transfer money. However, mistakes like transferring funds to the wrong UPI address or declined transactions can lead to financial losses. In response, the Reserve Bank of India (RBI) has issued new guidelines promising that users […]Continue Reading

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Centre Expects 5-7 Countries To Sign Up For India Tech Stack By March

Ut World January 25, 2023 0

According to Union minister Rajeev Chandrasekhar, the government anticipates five to seven nations will sign up for the adoption of India-developed technology platforms like UPI and Aadhaar by March in order to accelerate digitisation. At the India Stack Developer Conference, the minister announced that the prime minister has chosen to make India’s technological Continue Reading

Business

UPI –Making your smartphone into a bank – JIZ PAUL

Ut World October 19, 2016 0

Sunday is the day in which I catch up with all my arrears of sleep during the week and for me, there is nothing as irritating as being woken up by a phone call that too as early as 6.15 am on a Sunday morning. But, two weeks back, this is precisely what had happened. […]Continue Reading

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