PayU has announced that it has received the final authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007, reported NewsVoir. “We are grateful to the RBI for granting us the opportunity to be a responsible contributor to India’s payments ecosystem. As…
National Payments Corporation of India (NPCI) via its latest circular has introduced new limits for UPI LITE in line with the RBIâs announcement last year. As per the RBIâs notification on Dec 4, 2024, UPI LITE limits were raised to âš1,000 per transaction and âš5,000 became the total limit. Replenishment of used limit will be…
Online shopping has become a convenient way to make purchases at the ease of your home. With credit cards you can make transactions easily without spending immediate cash. The card issuer pays on your behalf while you do not have to worry about repaying until the next bill due date. If you are planning to…
Your credit cards consist of a three digit security number which is known as a CVV (Card Verification Value). Often overlooked, the CVV plays a significant role in ensuring the security of your transactions. This number prevents unauthorized payments and also saves you from scams. Let us understand what CVV is and its importance in…
Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of âš80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37% year-on-year (y-o-y) surge compared to the same timeframe the previous year. Transaction metrics and global comparison UPI processed a staggering 3729.1 transactions…
The National Payments Corporation of Indiaâs (NPCI) âPre-sanctioned Credit Line at Banks through UPI (Unified Payments Interface)â would work more like a credit card without the plastic card actually in place. The credit line allows individuals and businesses to access pre-sanctioned credit lines or loans from banks that are linked to their UPI accounts. This…
