mdr

The RBI is aiming to transparently build a payments and settlement framework that satisfies users of diverse paying capacities and meets viability concerns of service providers. The Reserve Bank of India’s (RBI) recent discussion paper…

NEW DELHI: There is no move in the government to levy any charges on UPI(Unified Payments Interface) transactions, the finance ministry said on Sunday. It asserted concerns of service providers for cost recovery have to be met through…

Payments companies and banks are at loggerheads over the sharing of government-granted subsidies for building payment infrastructure, said three people with knowledge of the matter. The companies have written to the National Payments…