Tag: transactions
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FM Sitharaman reviews UPI ecosystem, sets target of one billion daily transactions within 2–3 years
Finance Minister Nirmala Sitharaman on Monday, April 28, reviewed the current status of the Unified Payments Interface (UPI) ecosystem and outlined the roadmap for...
No GST on UPI transactions over ₹2000, says govt, dismissing claims as ‘false, misleading’
The Ministry of Finance dismissed claims about levying a Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions over ₹2,000 on Friday,...
How to convert Axis Bank credit card transactions into EMI? A step-by-step guide
Obtaining a credit card from a financial institution is an extremely easy process. This is because of the fact that credit cards, personal loans...
PCI pushes for nominal MDR on UPI and RuPay transactions amid zero MDR debate
The Payments Council of India (PCI) has formally urged the Prime Minister’s Office to reconsider the zero Merchant Discount Rate (MDR) policy on Unified...
Centre approves ₹1,500 crore incentive for UPI transactions: What is it? Who will benefit? All you need to know
The Union Cabinet on Wednesday approved the extension of a ₹1,500 crore incentive for the promotion of small-value BHIM-UPI (P2M) transactions. The new...
