Unified Payments Interface

After multiple reports emerged of possible levy on Unified Payments Interface (UPI) transactions in the wake of a Reserve Bank of India (RBI) report, India's Finance Ministry has tweeted a clarification saying there will be no levy on…

The National Payments Corporation of India has directed that all Unified Payments Interface (UPI)-based applications while capturing their location or geographic coordinates, must take prior consent from the customers. In a circular, the…

UPI-enabled digital transaction remained above Rs 10 lakh crore in June for the second month in a row, data from NPCI showed on Friday. However, it was down by nearly 3 per cent from the previous month. The transaction value under…