The industrial taxes division on Thursday mentioned it might gather the GST, at relevant charges from merchants, no matter whether or not they settle for funds through UPI or money from prospects. The division issued an in depth assertion responding to reviews that sections of merchants have stopped accepting funds by way of the UPI…
NEW DELHI: The rise in UPI funds has helped cut back use of money in India, a brand new paper by a workforce from IMF has stated, whereas utilizing proxies, akin to money withdrawal from ATMs and forex in circulation as a proportion of GDP.“Since its launch in 2016, UPI has grown rapidly, whereas some…
Massive on-line merchant-focused cost aggregators (PAs) are constructing software program platforms for fraud detection and deploying them in banks and different fintech firms. It comes at a time when income technology from core funds enterprise has turn into harder owing to extreme competitors and pricing rules by the federal government. Cost firms are constructing software-as-a-service…
&w=600&resize=600,400&ssl=1 "Jio launches free-for-life sound-pay function on Jio Bharat telephone – Firstpost")
This groundbreaking innovation JioSoundPay transforms the service provider expertise by offering prompt, multilingual audio confirmations for each UPI cost, enabling seamless and environment friendly enterprise operations for even the smallest kirana shops, vegetable distributors, and roadside eateries. learn extra In a daring transfer that underscores Jio’s dedication to empowering each Indian, the corporate right now…
Jan 02, 2025 09:10 PM IST The typical each day transaction rely throughout December was 539.68 million, up from 516.07 million in November. Transactions by the favored Unified Funds Interface (UPI) touched a file 16.73 billion in December, recording a development of 8 per cent over the previous month, based on knowledge launched by the…
Picture Supply : FILE PHOTO Consultant Picture The Ministry of Finance on Saturday launched the newest knowledge on Unified Funds Interface (UPI) marking the document 15,537 crore transactions between January and November this yr. The worth of those transactions stood at Rs 223 lakh crore. The Finance Ministry posted on X, “Driving the Digital Cost revolution,…
