Digital Payment: Latest News and Updates, Top Stories, Videos, Photos About Digital Payment

GST Not Payable on Government Incentive To Banks For Promoting RuPay Card, Low Value BHIM-UPI Transactions

Incentives paid by the government to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions will not attract GST, the Finance Ministry said. Last week the Cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards ...

No Charge For 'RuPay Credit Card' Use on UPI For Transaction Up To Rs 2,000: NPCI

There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000 in line with the RBI direction, a recent NPCI circular said. RuPay credit card has been operational for the last ...

India's Success In Popularizing Digital Payment, Has Proved Sceptics Wrong: Sitharaman

The successful implementation of digital payment systems in India has proved the naysayers wrong, Finance Minister Nirmala Sitharaman said here on Wednesday. Speaking on `20 years of Modi governance' before a gathering of BJP workers here, she credited Prime Minister Narendra ...

UPI Transaction Volume And Value Achieved All-Time High Range

Owing to the union government's step up and campaigns towards digital transactions, and secure and inclusive payment methods, UPI payment growth is gaining momentum in India. Additionally, net banking or internet browser bases transactions are also rallying consistently, in the country. ...

PM To Launch e-RUPI Initiative Today: Here’s All You Need To Know About

At 4.30 p.m. today, Prime Minister Narendra Modi is all set to inaugurate e-RUPI, a voucher-based digital payment system. The interface would be a person-specific and purpose-specific payments system established by the National Payments Corporation of India (NPCI), the Department of ...

Paytm Initiates Same Day Settlement For Different Digital Payment Modes

The leading digital payment company Paytm today said it has initiated same day settlement facility for all paymnt modes. This will help businesses who rely on same day availability of funds for their enterprise including e-commerce entities, government institutions as well ...

Amazon One: Amazon's Innovation Allows Payments By Waving Palm

On Tuesday, e-commerce giant Amazon Inc introduced Amazon One, a new payment system for its retail outlets in the US. In its blog, the company described the innovation as "a fast, convenient, contactless way for people to use their palm to ...

IOC, HPCL To Ensure Market Share Offer Cashback On Digital Payments

As per the Business Standard report, two of the oil marketing companies amid the recent joint venture agreement between Reliance Industries and BP is offering discount on digital transactions at their petrol pumps. The JV between the two companies will be ...

RBI Proposes New PPI Linked To Bank A/c For Digital Payment

The Reserve Bank of India in its bi-monthly monetary policy review today put forth a proposal to introduce a new kind of PPI or prepaid payment instrument that can be used for purchasing goods and services worth only up to Rs. ...

Debit, Credit Card Payments To Get Simpler In Smaller Cities

In order to promote the use of card payments across the country, the RBI in its 4th monetary policy review meet today announced the set up of an exclusive 'Acceptance Development Fund' that will be deployed to maintain the infrastructure as ...

GST Council Promotes Digital Payment With 2% Concession On GST

GST Council in its 27th meet on Friday has recommended a concession of 2% discount in GST on B2C supplies wherever 3% or more GST is charged (1% from Central GST and 1% from State GST). The concession is proposed ...

No Charges On Digital Payments Up To Rs. 2000 For 2 Years

Customers as well as merchants will not have to pay any transactional charges on payments through debit card, BHIM, UPI or Aadhaar-enabled payment systems from 1st of January, 2018, reported PTI. In a tweet, Financial Services Secretary Rajeev Kumar said, "Happy ...

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