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Govt may bring back merchant charges on UPI, RuPay-powered debit cards: Report

However, this may be for large merchants whose GST-based annual turnover is over ₹40 lakh.

UPI is an instant payment system developed by the NPCI. (Representative)
Published on Mar 11, 2025 06:36 PM IST

2025 personal finance updates: Key changes in UPI, visa, EPFO, credit card, FD

The year 2025 brings some personal finance changes to be planned ahead for including new rules for visa, credit card, EPFO, fixed deposits, UPI, and others

Not being aware of these changes can lead to the missing of important deadlines which can deprive one of the benefits from certain schemes(Representational Image/Pixabay)
Updated on Jan 01, 2025 11:50 AM IST

UPI achieves record 15,000 crore transactions worth 223 Lakh Crore by Nov 2024

The Finance Ministry reported that UPI processed 15,547 crore transactions worth ₹223 lakh crore from January to November 2024.

From January to November of this year, 15,547 crore transactions of <span class='webrupee'>₹</span>223 lakh crore were made over the Unified Payments Interface (UPI),
Updated on Dec 15, 2024 01:57 PM IST

RuPay and new runaway inaugurated in Maldives for transaction, connectivity ease

The inauguration of a new runaway in the Maldives assisted by India and the official launch of the RuPay card are to boost economic ties and tourism cooperation

Maldives' President Mohamed Muizzu shakes hands with Prime Minister Narendra Modi at Hyderabad House.(Reuters)
Published on Oct 07, 2024 03:58 PM IST
PTI |

Rupay prepaid forex cards now permitted for issuance by banks, says RBI Governor

RBI Governor said RuPay Debit and Credit cards issued by banks in India are gaining increased acceptance abroad.

The move will expand the reach and acceptance of RuPay cards globally. (Representative image)
Published on Jun 08, 2023 11:56 AM IST
ANI |

RuPay goes live on CVV-less payments for tokenized cards

CVV less experience ensures that cardholder will not have to reach out to their wallet, if they have saved their card on e-commerce merchant

Tokenization is a simple technology to secure card transactions without sharing clear or real card details with the merchants.
Published on May 15, 2023 05:41 PM IST
ANI |

India, Russia plan RuPay-Mir card use amid West sanctions on Moscow

India, Russia to explore possibility of accepting RuPay and Mir cards.

External Affairs Minister S. Jaishankar during a meeting with Deputy Prime Minister and Minister of Industry & Trade of Russia Denis Manturov, in New Delhi, Tuesday, April 18, 2023.(PTI)
Published on Apr 30, 2023 08:11 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

Cabinet clears 2,600 cr scheme to promote RuPay debit card

Under the scheme, banks will be provided financial incentives for promoting Point of Sale (PoS) and e-commerce transactions using RuPay and UPI in the current financial year.

In December alone, UPI achieved a record of 782.9 crore digital payment transactions with a value of <span class='webrupee'>₹</span>12.82 lakh crore.(MINT)
Published on Jan 11, 2023 07:23 PM IST
PTI |

No charges on using RuPay credit card for UPI transactions less than 2,000

In its circular dated October 4, the NPCI said that during credit card on-boarding on the apps, the device and the UPI PIN setting process shall include and be construed as customer consent for card enablement for all kinds of transactions.

Earlier, Reserve Bank of India's deputy governor T Rabi Sankar had said that the basic objective of linking the credit cars to UPI is to provide a customer with wider choice of payments.
Published on Oct 05, 2022 04:49 PM IST
By | Written by Aryan Prakash

Afternoon brief: Citing ‘half naked women’ MP minister seeks ban on ‘Thank God’

Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times.

Madhya Pradesh education minister Vishvas Sarang and a clip from the trailer of 'Thank God'.
Published on Sep 21, 2022 01:11 PM IST

RuPay introduces UPI payments through its credit cards. Details here

By linking RuPay credit card on UPI, now the customers can benefit from increased opportunity to use their credit cards while the merchants will benefit from the increase in consumption by being a part of the credit ecosystem with the acceptance of credit cards using QR codes, the NPCI said in a statement.

The RuPay credit card will be linked to a virtual payment address, also known as the UPI ID, and will directly enable secure payment transactions.(Mint file)
Published on Sep 21, 2022 12:26 PM IST

Incentive scheme for RuPay debit card, UPI payment gets approval

The Union Cabinet on Wednesday approved an incentive scheme to promote the use of RuPay debit cards and low value BHIM-UPI transactions in the country -- in a move aimed at encouraging more people to adopt digital modes of payment.

The Cabinet approved an incentive scheme to promote the use of RuPay debit cards and low value BHIM-UPI transactions in the country.
Updated on Dec 16, 2021 04:38 AM IST
By, Hindustan Times, New Delhi

MobiKwik launches RuPay Card. Here’s what you need to know

Mobikwik said in a statement on Friday that the MobiKwik RuPay Prepaid Card will be free of charge to customers and purely digital. 

MobiKwik RuPay Prepaid Card users will automatically qualify for MobiKwik Zip. (File Photo)
Published on Nov 12, 2021 03:13 PM IST
By | Written by Meenakshi Ray, New Delhi

Rail employees advised to convert their debit, ATM cards to RuPay-based cards

The railways was also facilitating promotion of this move, Union Minister Piyush Goyal said in a written reply in Lok Sabha.

UP government has decided to provide RuPay credit cards by seeking help of NABARD.(Representative image)
Published on Mar 17, 2021 07:22 PM IST
PTI | , New Delhi

RBI received complaints against 1,509 digital lending apps

The RBI has received complaints against 1,019 unregistered or unregulated digital loan applications and 490 registered NBFCs that are engaged in digital lending, minister of state for finance Anurag Singh Thakur said in a written reply to the Lok Sabha on Monday.

The central bank in December cautioned the general public against unauthorised digital lending platforms/apps with an appeal to verify the antecedents of the service provider.(Aniruddha Chowdhury/Mint)
Published on Feb 08, 2021 09:36 PM IST
PTI | , New Delhi

UPI payments hit all-time high of 1.34 billion transactions in June

UPI payments had fell to 999.57 million in terms of volume with transactions worth Rs 1.51 lakh crore in April, following the coronavirus-induced lockdown that halted almost all services, except essentials.

NPCI was incorporated in 2008 as an umbrella organisation for operating retail payments and settlement systems in India. It has created a robust payment and settlement infrastructure in the country.(NPCI)
Published on Jul 02, 2020 11:01 AM IST
New Delhi | ByPress Trust of India

PM Modi launches $ 4.2 million redevelopment project of iconic Hindu temple in Bahrain

Modi, the first Indian Prime Minister to visit the key Gulf nation, offered prayers at the Shreenathji Temple in Manama, the oldest temple in the region, and also the ‘prasad’ that he bought with the RuPay card after launching it in the UAE on Saturday.

Prime Minister Narendra Modi on Sunday launched the USD 4.2 million redevelopment project of the 200-year-old Lord Sri Krishna temple in the Bahraini capital.(ANI/Twitter)
Updated on Jun 21, 2020 06:08 AM IST
Manama | ByPress Trust of India

G7 Summit 2019 Highlights: PM Modi meets UN Secretary General António Guterres ahead of G7 Summit

Prime Minister Narendra Modi headed back to France on Sunday to take part in the G-7 summit, beginning from August 25 to 26 in Biarritz. Modi is slated to visit Shreenathji Temple in Bahrain before departing for the summit.On Saturday, on the last leg of his three-nation tour, PM Modi was honoured with the ‘The King Hamad Order of the Renaissance’ during his meeting with the King of Bahrain, Hamad bin Isa Al Khalifa.Watch | PM Modi conferred with UAE’s highest civilian award by Crown Prince  Before the meeting, Modi had addressed a 15,000-strong Indian community event at the Bahrain National Stadium.He also held a meeting with his Bahraini counterpart, Prince Khalifa Bin Salman Al Khalifa, where a string of Memoranda of Understanding (MoU) were exchanged in the fields of culture, space, collaboration with ISA and Rupay Card.Also read: PM Modi, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan discuss ‘strong’ India-UAE tiesFollow major highlights here:

G7 Summit 2019 Live Updates
Updated on Jun 21, 2020 04:53 AM IST
Hindustan Times, New Delhi | By

PM Modi to visit Shreenathji Temple in Bahrain today

On the last leg of his three-nation tour, Prime Minister Modi in Bahrain on Saturday was honoured with the ‘The King Hamad Order of the Renaissance’ during his meeting with the King of Bahrain, Hamad bin Isa Al Khalifa.

Before his meeting with the King of Bahrain, Modi had addressed a 15,000-strong Indian community event at the Bahrain National Stadium.(ANI image)
Updated on Aug 25, 2019 08:51 AM IST
Manama [Bahrain] | ByAsian News International

PM Modi discusses ties with UAE, unveils RuPay card

The prime minister -- who is on a three-nation tour to France, UAE and Bahrain -- also launched the RuPay card in Abu Dhabi, making UAE the first country in the Middle East to initiate the Indian system of electronic payment.

Prime Minister Narendra Modi shakes hands with Crown Prince of the Emirate of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces Sheikh Mohammed bin Zayed Al Nahyan after being conferred ' Order of Zayed'-- UAE's highest civil decoration, in Abu Dhabi, Saturday, Aug 24, 2019.(PTI photo)
Updated on Jun 21, 2020 12:06 AM IST
Abu Dhabi | ByAgencies

UAE first Middle-East nation to launch RuPay card during PM Modi’s visit

The UAE hosts the largest Indian community, receives the largest number of Indian tourists and the introduction of RuPay card, an Indian indigenous equivalent of MasterCard or Visa, in the region would benefit tourism, trade and the Indian diaspora.

Prime Minister Narendra Modi will receive the Zayed Medal, the UAE’s highest civilian award, during the visit.(PTI file photo)
Updated on Aug 22, 2019 07:28 PM IST
Abu Dhabi | ByAsian News International

From LPG to space, PM Modi seeks to expand India-Bhutan ties beyond hydro-power

PM Narendra Modi is on a two-day visit to Bhutan with an aim to widen India’s ties with the Himalayan Kingdom.

Prime Minister Narendra Modi being welcomed at Tashichhodzong Palace in Thimphu, Bhutan, August 17, 2019.(PTI photo)
Updated on Jun 16, 2020 08:14 PM IST
Hindustan Times, New Delhi | ByHT Correspondent

Union finance minister Arun Jaitley says Mastercard, Visa losing out to UPI, RuPay in India

RuPay process payments between banks and merchants for purchases made with credit or debit cards, while UPI instantly transfers funds between two bank accounts linked to mobile phones.

Union finance minister Arun Jaitley said on Thursday that Mastercard and Visa were losing market share to domestic payments networks.(REUTERS)
Updated on Nov 08, 2018 07:17 PM IST
New Delhi | ByReuters

Rs 94 crore Cosmos Bank theft: Hackers’ first attempt failed, went unnoticed

Around 2,890 transactions were made in India, totally amounting to Rs 2.5 crore using RuPay cards.

A multinational hacking ring siphoned off ~94.42 crore from the pool account of Pune-based Cosmos Bank.(Sanket Wankhade/HT file)
Updated on Aug 26, 2018 09:04 AM IST
Hindustan Times, Mumbai | ByVijay Kumar Yadav
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