Unified Payments Interface (UPI) - News & Updates

[Bapun]

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a ₹1,500 crore incentive scheme to promote low-value BHIM-UPI transactions for small merchants in FY 2024-25.

The scheme will run from April 1, 2024, to March 31, 2025.

Under the scheme, only UPI Person-to-Merchant (P2M) transactions up to ₹2,000 will qualify for incentives. Small merchants will receive 0.15% of the transaction value as an incentive.

However, large merchants will not receive any incentive for UPI transactions.

Cabinet approves ₹1,500 crore incentive scheme for low-value BHIM-UPI transactions up to ₹2,000 - CNBC TV18

Under the scheme, only UPI Person-to-Merchant (P2M) transactions up to ₹2,000 will qualify for incentives. Small merchants will receive 0.15% of the transaction value as an incentive.

www.cnbctv18.com

 

[saketk11]

to March 31, 2025.

??

 

[Siddarth27]

UPI down

UPI down: Nationwide outage affecting payments, funds transfers - The Times of India

TECH NEWS : The Unified Payments Interface (UPI) is encountering significant disruptions, impacting users' ability to make instant real-time payments. Reports of

timesofindia.indiatimes.com

 

[Siddarth27]

UPI down

UPI down: Nationwide outage affecting payments, funds transfers - The Times of India

TECH NEWS : The Unified Payments Interface (UPI) is encountering significant disruptions, impacting users' ability to make instant real-time payments. Reports of

timesofindia.indiatimes.com

https://twitter.com/x/status/1904914309278556257

 

[Esmail]

UPI down

UPI down: Nationwide outage affecting payments, funds transfers - The Times of India

TECH NEWS : The Unified Payments Interface (UPI) is encountering significant disruptions, impacting users' ability to make instant real-time payments. Reports of

timesofindia.indiatimes.com

Must be preparing for the implementation of the new guidelines coming into effect in next 5 days

https://www.hindustantimes.com/business/new-upi-rule-regarding-mobile-numbers-to-become-effective-from-april-1-full-details-101742968768023.html