Finance Minister Nirmala Sitharaman, on April 28, reviewed the UPI ecosystem with key financial leaders in a high-level meeting. She set a target of achieving one billion UPI transactions per day within two to three years. The meeting focused on system resilience, cybersecurity, and user expansion amid recent platform outages. BulletsIn Target set: 1 billion
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Finance Minister Nirmala Sitharaman, on April 28, reviewed the UPI ecosystem with key financial leaders in a high-level meeting. She set a target of achieving one billion UPI transactions per day within two to three years. The meeting focused on system resilience, cybersecurity, and user expansion amid recent platform outages. BulletsIn Target set: 1 billion
The Indian government has dismissed rumors about levying GST on UPI transactions over ₹2,000. In an official release, the Finance Ministry clarified that no such proposal exists and the claim is baseless. UPI remains GST-free as no MDR is charged on such transactions. The government also reaffirmed its commitment to promoting digital payments. BulletsIn No
The Indian government has dismissed rumors about levying GST on UPI transactions over ₹2,000. In an official release, the Finance Ministry clarified that no such proposal exists and the claim is baseless. UPI remains GST-free as no MDR is charged on such transactions. The government also reaffirmed its commitment to promoting digital payments. BulletsIn No
Non-Resident Indians (NRIs) can now transfer money to India instantly using UPI, providing a faster alternative to traditional wire transfers. This development, facilitated by the National Payments Corporation of India (NPCI), allows NRIs with NRE or NRO accounts to perform quick transactions through UPI using their international mobile numbers. BulletsIn Instant Transfers: NRIs can now
Non-Resident Indians (NRIs) can now transfer money to India instantly using UPI, providing a faster alternative to traditional wire transfers. This development, facilitated by the National Payments Corporation of India (NPCI), allows NRIs with NRE or NRO accounts to perform quick transactions through UPI using their international mobile numbers. BulletsIn Instant Transfers: NRIs can now
