Upi

RuPay credit cards can now be used on the UPI Platform. This is highly beneficial to both merchants and customers due to increased credit card use for both. Consumers can now seamlessly use their credit cards to make payments. All they have to do is scan the asset lite QR codes. The payments are secure and safe, since authentication is done by using an UPI PIN.

Credit cards are getting new features every day. Now credit cards can be linked as a payment method in the Unified Payment Interface applications like Google Pay, Phonepe, Paytm, Amazon Pay, and more. This promotes increased business transactions and optimum utilisation of available credit. Let us see how using credit cards as a payment mode in UPI can help businesses.

The Income Tax Department through its e-governance initiatives has brought tremendous changes in the standard practices of income tax. Faceless assessment, e-proceedings, e-payment of taxes, and many more.

NPCI has recently launched UPI Lite to enable low value transactions through the BHIM App. UPI payments currently account for 96% of overall digital payments. You can make transactions as low as Rs. 200 or less using UPI Lite.

UPI or Unified Payments Interface launched in 2016 has changed the face of real-time payments. It has made cashless transactions seamless. It has integrated several banking accounts into one mobile application (of any participating bank).

In a recent development, the Reserve Bank of India (RBI) has introduced credit card linking with UPI. This is a step in the right direction and will be more beneficial for customers in the long run.

Users can already use debit cards and bank accounts with their UPI. Soon, they’ll be able to link credit cards too. This will give users better access to credit, which can help them manage their finances and improve their lives. It will also give sellers better ways to reach customers and generate higher profits.

Virtual Payment Address (VPA) is a unique financial identifier that is mapped to your bank account. It helps you to send or receive money in your bank account through Unified Payment Interface (UPI).

Probably you would have withdrawn cash using a debit card or a credit card in an ATM. What if you are given an option to easily withdraw cash from an ATM without inserting a credit or a debit card. Well, It may sound counterintuitive, but currently, you can easily withdraw from an ATM using the UPI facility

Did you know that UPI (United Payment Interface) is the single largest payment platform in India; June 2022 transaction volumes crossed Rs.10 lakh crores. From its humble beginnings in 2016, UPI payments have grown by leaps and bounds, to become the common man's preferred payment method.

Online banking frauds have been rampant in the recent past. Fraudsters have been able to use the internet to steal valuable user data and money from users. SBI has always followed up on the reports of frauds and has taken strict measures to ensure that no user is defrauded.

UPI (Unified Payments Interface) is a virtual platform that allows users to send and receive money in real-time using a VPA (Virtual Payment Address) and a UPI PIN. It is the most popular and user-friendly payment option in Digital India, owing to its low cost. However, there has been a lot of press recently about anticipated changes to UPI rates.

If you're a regular online shopper, or if you pay your utility bills online, then you would have come across UPI payments. You might even be a regular user. But, do you know all about UPI? Have you ever wondered if there are any transaction limits for UPI, just like the maximum amount you can withdraw at an ATM daily? Well, this guide will answer all your queries.