NPCI is reportedly plans to implement a 1.2% interchange fee on the credit line of UPI transactions. According to sources, a circular outlining this change expected to released next week. This move marks a significant shift in the UPI transaction landscape. It aiming to balance cost-effectiveness for users and profitability for service providers. Understanding the […]

Recently UPI Links with ASEAN Nations, so that the Cross-Border payments can become more easier then before ever. Lets try to understand the full news that what is the case. So recently Reserve Bank of India has joined forces with the Bank for International Settlements (BIS) and central banks of four ASEAN nations to revolutionize […]

Recently Hitachi Payment Services gets a Payment Aggregator Licence from the Reserve Bank of India (RBI). This milestone will not only bolster the company’s position in the fintech sector but also enable it to expand its digital payment offerings and value-added services. Expanding Digital Payment Offerings With the Payment Aggregator Licence, Hitachi Payment Services is […]

From June 1 to June 15, 2024, the Unified Payments Interface (UPI) recorded a strong performance with 708 crore transactions, amounting to 10.95 lakh crore. This indicates a steady growth in digital payments and increased trust in the UPI system. Compared to May 2024, these figures show a promising trend, with the total transaction volume […]