Google Pay to impose convenience fee on bill payments via credit/debit cards
Digital payment platform Google Pay has started imposing a convenience fee on bill payments made with credit and debit cards.
Digital payment platform Google Pay has started imposing a convenience fee on bill payments made with credit and debit cards.
The Securities and Exchange Board of India (Sebi) is set to come out with a new mechanism to ensure secure and efficient payments in the securities market through Unified Payments Interface (UPI).
Finance Minister Nirmala Sitharaman, in her Budget speech today, announced that her government will provide ID cards to gig workers. Gig worker will also be provided access to healthcare via a social security scheme.
Unified Payments Interface (UPI)'s contribution cumulatively to the digital payments ecosystem more than doubled in five years, data from the Reserve Bank of India (RBI) said.
The dramatic increase in financial complexity has driven widespread adoption of digital personal finance management products over the past 12 months, according to the report by CRED Money, used by over 10 lakh Indians.
There was a time prior to the 21st century when Great Britain, now mostly known as the UK, was really great. The same was true about the US and most of Western Europe but the current century has unveiled a different reality; Western countries are still far richer, but Asia, particularly India and China, are indisputably future world leaders.
This comes after the company received approval from the National Payments Corporation of India (NPCI) on October 22, to onboard new UPI users.
Maldivian President Mohamed Muizzu has decided to take the necessary steps to introduce India's Unified Payment Interface (UPI) in the Maldives.
Similarly, the value of transactions grew by 40 per cent, increasing from Rs 83.16 lakh crore to Rs 116.63 lakh crore in the first six months this year.
In terms of the value of payment transactions, the market is expected to more than double, from Rs 265 trillion to Rs 593 trillion over the same period, it said.
