Page 14 - Payments Interface News Today

Thousands of shoppers were left in the lurch on the New Year Eve as UPI-based payments failed due to heavy online traffic.

Thousands of shoppers were left in the lurch on the New Year Eve as UPI-based payments failed due to heavy online traffic.People using UPI-based services faced trouble with sending and receiving payments on New Year Eve.Taking to the ...

Google Pay, Paytm, and PhonePe have set different maximum limits up to which you can transfer money using UPI.

Unified Payments Interface (UPI) transactions touched a new high of 7.3 trillion in October 2022. This is an increase of about 75% over the same period last year.

The Reserve Bank of India (RBI) has also encouraged banks to make the the Interoperable cardless cash withdrawal (ICCW) option available for ATMs in order to prevent card fraud such as cloning, skimming, etc. 

The UPI service is scheduled to launch soon. The Reserve Bank of India and the Monetary Authority of Singapore are trying to make it possible.

The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore.

Doing away with the minimum capital requirement of Rs 100 crore would allow entry of small, specialised and niche players, which would help in increased insurance penetration and density in the country. Get more Insurance News and Business News on Zee Business.

Bima Sugam will be a one-stop shop for buying and selling insurance, for policy servicing, and also for claim settlement.

/PRNewswire/ -- The unified payments interface (UPI) market in India has been categorized as a part of the global specialized consumer services market. The...