As per BBPS website, the facility would be expanded to include other types of repetitive payments like insurance premium, mutual funds, school fees, EMIs, and municipal taxes, among others

High level of MDR - often around 2 per cent in the past - had been one of the primary reasons why various merchants resisted in offering this option to their customers

The bench further said it will not go into the merits of the case and would simply decide the transfer petition filed by Facebook seeking transfer of such cases pending before high courts of Madras, Bombay and Madhya Pradesh to the top court

Members of the National Payments Corporation of India (NPCI), which manages the UPI platform, have approved a proposal wherein GST benefits are extended to merchants and consumers willing to share their GSTIN and PAN details, respectively, while making QR code payments

Presently, the credit card segment is dominated by the US-based payment gateways like Visa and Mastercard.

How to manage your money better by using latest apps and other digital upgrades

India, China ink four agreements to boost cultural, people-to-people ties; Ambani to sell stake to Aramco and BP; Aadhaar-enabled payment system crosses 200 million transactions in July, says NPCI; and more on News Blast.

Delhi's IGI airport receives hoax bomb threat, flight operations affected for over an hourSecurity agencies at Delhi International airport went into a tizzy after a hoax bomb call was received on Monday, three days ahead of Independence Day, affecting flight operations at Terminal 2 for around 70 minutes, officials said. The departure area of the Indira Gandhi International Airport's (IGIA) Terminal 2 was immediately evacuated and all passengers were moved at Gate no 4 at the depa...

Aadhaar enabled Payment System is a bank led model which allows basic interoperable banking transactions at point of sale (PoS or MicroATM) through the business correspondent of any bank by using Aadhaar authentication

WhatsApp Payments: WhatsApp's UPI-based payment service, which will compete against the likes of Paytm, PhonePe and Google Pay, has previously been caught in a bind over concerns around authentication and its data storage practices

The latest data released by the National Payments Corporation of India (NPCI) shows that the number of Unified Payment Interface (UPI) transactions has fallen to 733.54 million in May 2019 from 781.79 million in the previous month, but their value shot up 7 per cent in the same period

The RBI's latest vision document for payment and settlement systems, which outlines the road map for 2019 to 2021, aims to achieve a cash-lite society . To that end it proposes to examine round-the-clock availability of various payment systems, including NEFT