Bangalore (Karnataka) [India], April 8: ZFunds, a Gurugram-based wealthtech company empowering Mutual Fund Distributors (MFDs) across India, today announced the launch of UPI AutoPay functionality for Systematic Investment Plans (SIPs) on its platform. ZFunds, the first platform to empower M
The youngsters of the country prefer UPI for daily transactions but credit card is also a major choice among youths for bigger purchases due to interest-free credit facility by it, highlighted a survey by Kiwi and Unomer.
Union Finance Minister Nirmala Sitharaman in December 2019 announced that no MDR charges would be applicable on transactions through RuPay and UPI platforms beginning January 1, 2020, a move that promotes digital payments.
The Employees' Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at enhancing efficiency and reducing transaction time, Labour and Employment Secretary Sumita Dawra said on Monday.
Speaking exclusively with ANI, Sumita Dawra, Secretary of the Ministry of Labour and Employment, revealed that PF members will soon be able to withdraw funds through UPI and ATM by the end of May or June this year.
The Payments Council of India (PCI), an industry body representing a diverse range of non-banking payment industry players, with 180 members, has submitted a formal letter to the Prime Minister Narendra Modi, seeking urgent reconsideration of the Zero Merchant Discount Rate (MDR) policy for
A recent Citi Research report on Thursday highlighted Paytm's strong position in India's digital payments ecosystem, despite shifts in UPI subsidy policies.
Despite a moderation in its Unified Payments Interface (UPI) market share, Paytm continues to hold a dominant position in the merchant payments business, with 85 per cent of its Gross Merchandise Value (GMV) coming from merchants. The company expects GMV to grow at a 24 per cent compound ann
Prime Minister Narendra Modi on Wednesday praised the Union Cabinet for approving five major projects across India, which aim to boost the country's dairy sector, livestock production, infrastructure development, and digital payments.
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the 'Incentive Scheme for promotion of low-value BHIM-UPI transactions Person to Merchant (P2M)' for the financial year 2024-25.
PM Modi held discussions on promoting "Sahkar Se Samruddhi" bringing transformation through technological advancements in the sector, plans to increase the participation of youth and women in cooperatives, and the various initiatives of the Ministry of Cooperation.