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.
Notably, the pilot for ULI was launched last year by RBI to enable frictionless credit, and based on the experience of the pilot, RBI has decided to launch ULI nationwide.
This will enable UPI payment acceptance in Qatar through the QNB merchant network, benefiting Indian travellers visiting and transiting through the country.
Digital India symbolises an empowered country which boosts 'Ease of Living' and transparency, Prime Minister Narendra Modi said on Monday.
In the month of June, the Unified Payment Interface (UPI) transactions saw a marginal dip of 1 per cent in volume and 2 per cent in value.
With this development, Peru will soon have a UPI-like instant payments system.
