by AIP Online Bureau | Aug 9, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Regulation, Technology
Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday. “UPI has become the most preferred mode of payment, due to its seamless features....
by AIP Online Bureau | Jul 21, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology
According to the latest National Payments Corporation of India (NPCI) data, the number of transactions on the UPI platform went up 49 per cent year-on-year to 13.9 billion in June and the transaction value rose 36 per cent to Rs 20.1 trillion. Also, the average daily...
by AIP Online Bureau | Sep 2, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology
“We have encouraged digital payment but the main challenge on the UPI is that it usually needs a smartphone but in our country, a large number of people are using feature phones. We have launched some products to make feature phones to operate the UPI system as well....
by AIP Online Bureau | Jun 28, 2023 | Briefs, Life, Technology
Tata AIA Life Insurance (Tata AIA) has introduced digital payments via WhatsApp and Unified Payment Interfaces. The agile, seamless process allows consumers to pay premiums digitally and receive a quick premium payment confirmation & acknowledgement. The company...
by AIP Online Bureau | May 25, 2023 | Indian News, Life, Non-Life, Regulation
Debasish Panda,Chairman,IRDAI ”We are working with the councils of both life and general insurance to have a UPI-like moment for the insurance sector. A conceptual framework has been contemplated,” he said, adding that this is being proposed through the...
