Tag: transactions
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Explainer-India’s UPI fee shake-up: What changes and why it matters
MUMBAI, Sept 16 : Using mobile phones to scan a QR code for payments has become near ubiquitous behaviour in India over the last decade, thanks to a widely used homegrown network, the Unified Payments Interface (UPI).But after six years of free use, regardless of size or type of payment, India has decided to
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UPI: The small fee raising big questions for India’s payments revolution
Since its launch in 2016, UPI has become a central part of India’s digital payments economy.
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Why cash continues to thrive even as India’s digital payments grow
Digital payments are booming, yet cash remains deeply embedded in the economy in India, central bank data shows.
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WhatsApp group chat used to send millions in cash, funding crime and extremism
The WhatsApp money launderers arranged cash transfers in the UK and around the world with no paper trail.
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UPI: India built a digital payments miracle. Now comes the bill.
India’s UPI may finally face merchant fees, raising questions over who pays and whether users will resist.
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India paves way for return of merchant fees on digital payments
NEW DELHI: India has moved a step closer to reintroducing merchant fees on transactions made through its popular Unified Payments Interface (UPI) after proposed changes to the country’s payments laws were introduced in parliament on Tuesday (Aug 4).UPI, one of the world’s largest real-time payments networks,
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Coinbase beats much of customer lawsuit over US token sales
NEW YORK, July 30 : Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or broker-dealer.Customers sued over 60 tokens, including XRP and dogecoin, that they claimed w
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