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The Reserve Bank of India has issued new guidelines on how individual having debit and credit cards can generate tokens at the bank level. As per RBI, a tokenised card is considered safer as the actual credit, debit card details are not shared with the merchant when the transaction is being processed.
UPI Lite has been launched as an on-device wallet feature that will allow users to make real-time small-value payments of up to Rs 200 without using a UPI PIN. At present, users need to enter PIN on UPI apps, such as Google Pay, Phonepe, Paytm.
The earlier limit for recurring payments like subscriptions, insurance premia and education fees of Rs 5,000 has been revised to Rs 15,000.
Chennai, India, April 21, 2022 (GLOBE NEWSWIRE) -- Chargebee, the leading subscription management platform, announced it has partnered with Razorpay,...
In a significant update, the Reserve Bank of India RBI released the Reserve Bank of India Master Directions on Prepaid Payment Instruments. Subsume the Reserve Bank of India Directions with immediate effect.