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[PART -1 ]UPI is set to phase out debit card, and we will be here witnessing it :- - UPI is to introduce a new feature "UPI Circle" that allows users to delegate payment authority to family members or friends. So it basically enables primary account

Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees. Fintech firms face high UPI processing costs, totaling

The Reserve Bank of India (RBI) has announced that it will soon revise the transaction limits for Unified Payments Interface (UPI) payments made to merchants, also known as person-to-merchant (P2M) transactions. This move is aimed at enhancing the ef

Reliance Jio Launched Free ‘Sound Pay’ Feature on Its Jio Bharat 4G Feature Phones Merchants Won’t Need To Pay For Soundbox They Can Use Their Mobile as Soundbox Another Interesting and UPI Friendly Feature

Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin

The Rise of Digital Payments in India India's digital payments landscape has witnessed a remarkable transformation in recent years, driven by government initiatives, technological advancements, and changing consumer behavior. The country's large popu

In the last five years, cash withdrawals initially increased but are now declining, while the number of ATMs is steadily decreasing. 1. Cash Withdrawals Growth → Then Fall Growth till 2022–23, now falling. Digital payments like UPI, QR codes, wall

Do you know that according to industry estimates, processing UPI transactions costs stakeholders approximately 0.25% of the transaction value. In FY24 alone, these costs amounted to nearly Rs 12,000 crore, with Rs 4,000 crore incurred for transactio

BHIM UPI >>>>> other UPI apps No bloat No adverts Integrated everywhere No additional party in the payment chain New improved UI First to get UPI features

India's UPI Enters Maldives India and Maldives have signed a pact to launch UPI in the Maldives, boosting the tourism sector.