Tue, Dec 31, 2019
RuPay and UPI are among the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). The MDR is the percentage of the digital transaction that a merchant pays to banks. This cost is most often passed on to the customers.
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Sat, Dec 28, 2019
Nirmala Sitharaman has said that from January 1, 2020 the companies with an annual turnover of ₹50 crores or more will have to provide the facility of payment through RuPay Debit card and UPI to their customers and MDR charges will be applicable. #ZeeBusiness #NirmalaSitharaman
Thu, Nov 14, 2019
Right from the time PM Narendra Modi came to power at the Centre after securing a landslide victory in 2014 Lok Sabha Elections, there has been a huge emphasis on 'Digital India' movement.
Mon, Jan 23, 2017
Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.
Fri, Jan 20, 2017
After directing ICICI Bank to accept payments from PhonePe app through UPI, it now tells PhonePe it has been going against the guidelines.
The demonetisation came into play and people had to come in and deposit the money or else it would go waste, he said.
SBI had also blocked money transfers by its account holders to Paytm, Mobikwik and Freecharge.
Thu, Jan 19, 2017
The BHIM app downloads which have shot up in a matter of a few days "shows how India is changing" with regard to adoption of digital payments and cashless transactions, the Minister pointed out.
Over 3 lakh consumers and more than 20,000 merchants have received prizes worth nearly Rs 61 crore at the government's recently started digital payments scheme titled 'Digi-Dhan Melas'.
Tue, Jan 17, 2017
Domestic mobile wallet major MobiKwik on Tuesday announced that it registered 10 times growth within the past week in transactions from the oil and gas sector.
Fri, Jan 13, 2017
Post demonetisation organised retail sector is expected to post low single digit growth with varying impact across different sub-sectors in the October-December quarter of fiscal year 2016-17 (FY17), said India Ratings and Research (Ind-Ra) in its latest report on Friday.
Thu, Jan 12, 2017
India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.
Tue, Jan 10, 2017
It was a marriage with a difference. A cashless wedding was solemnised at a temple at Badia in East Singhbhum district within hours of a toilet being built at the groom's house.
Sun, Jan 08, 2017
India's domestic IT spending is estimated to grow at 12.9 % to Rs 2,14,012 crore this year, helped by government's push for digital services, a report has said.
Wed, Jan 04, 2017
The minister highlighted areas including cyber security where the technology giant could play a bigger role.
Mon, Jan 02, 2017
Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 % climb in 2016.
Fri, Dec 30, 2016
All the banks, which are currently live on UPI, have been listed in the Bharat Interface for Money app.
Thu, Dec 29, 2016
"They also deliver greater tax compliance," Modi added.
Wed, Dec 28, 2016
Naidu also said things were moving "very positively" for the digital economy.
The committee formed to make recommendations to digital transactions in India said that transitioning to an electronic platform for government payments itself could save approximately Rs 100,000 crore or Rs 1 lakh crore annually.
Tue, Dec 27, 2016
The committee to review the framework related to digital payments under Ratan Watal, Officer of Special Deputy in the Ministry of Finance, presented its report to the government on Tuesday.
The lucky draw scheme announced by PM Narendra Modi on Christmas morning will be starting from December 27, the government tweeted on Tuesday.
Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet NITI Aayog officials, economists and experts on Tuesday to get their views on the upcoming Budget 2017-18.
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![NPCI asks ICICI Bank to open up to PhonePe "immediately"](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_160x90/public/2017/01/20/13074-icici-bank-reuters.jpg?itok=-QZmuH_p&c=22a12e4955a45ac46b05732047323c73 "NPCI asks ICICI Bank to open up to PhonePe "immediately"")
