Topic
digitalpayments
2 stories, newest first.
Business & EconomyGovernment introduces UPI fee on merchant payments over ₹2,000
India's government has introduced a 0.4% fee on UPI transfers over ₹2,000 made to merchants, effective October 15. The Finance Ministry stated that customers will not pay the charge and person-to-person transactions are exempt. Opposition MPs have voiced concerns, calling the move 'anti-people'.
3 min readTrust 42 · Craft 57 · Hype 41
Business & Economy · IndiaRBI says India’s cash demand grows despite digital payments surge
Reserve Bank of India deputy governor Shirish Chandra Murmu stated that cash in circulation continues to grow at double-digit rates even as digital payments expand. Demand remains strong in rural areas, among low-income groups, older people, and small businesses, complicating the RBI’s planning for production and distribution.
India5 min readTrust 78 · Craft 85 · Hype 15