Person-to-person UPI transfers and payments up to Rs 2,000 will remain outside the levy.

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सरकारी योजनेचा निधी, शिष्यवृत्ती किंवा किसान सन्मान निधीचे हप्ते थेट तुमच्या बँक खात्यात जमा होण्यासाठी, तुमचे बँक खाते NPCI DBT Link Bank Account Online (डायरेक्ट बेनिफिट ट्रान्सफर) द्वारे तुमच्या आधार कार्ड आणि एनपीसीआय सर्व्हरशी जोडलेले असणे आवश्यक आहे. कधीकधी, तुमचे आधार कार्ड तुमच्या बँक खात्याशी जोडलेले असूनही, डीबीटी निधी जमा होत नाही, कारण तुमचे खाते एनपीसीआय मॅपरवर डीबीटीसाठी सक्रिय केलेले नसते.

Mumbai, Sep 24 (SocialNews.XYZ) Around three-fourths of India’s digital payment-accepting merchants will remain unaffected by the newly introduced merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions above Rs 2,000, as they have never recorded a transaction exceeding that amount, National Payments Corporation of India (NPCI) Managing Director and Chief Executive Officer Dilip Asbe said on Thursday. Speaking at the SBI Banking and Economic Conclave here, Asbe said India has more than 60 million merchants accepting digital payments, and nearly 75 per cent of them have not seen a single transaction above Rs 2,000.

NPCI also says GST paid by a merchant on the MDR amount can be adjusted against the GST payable on the sale of goods or services.

UPI transactions fail, causing payment declines across India; NPCI says working to resolve intermittent technical issues.

OpenAI is set to bring UPI payments to ChatGPT in India with Razorpay and NPCI, enabling AI-driven shopping and secure Reserve Pay transactions directly within the app.

Unified Payments Interface (UPI) system downtimes disrupt payments on popular apps, highlighting reliance on NPCI and bank cooperation.

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The government and National Payments Corporation of India (NPCI) have announced the implementation of the Merchant Discount Rate (MDR) on specific UPI transactions. This brings a massive shift to India’s Digital payment ecosystem. Because of this widespread conversations and a contentious political debate have erupted nationwide in the wake of this declaration. How UPI Charges […]

Apple Pay will launch in India by this October, reports Business Standard, citing people familiar with the matter. Apple Pay will support major credit card networks like Visa and Mastercard, but it won't support transactions via the country's Unified Payments Interface (UPI) at launch. Apple would need clearance from the National Payments Corporation of India (NPCI) for that to happen, plus it would need to partner with a sponsor bank for routing the transactions. Negotiations are said to be ongoing. Bloomberg reported in February that Apple has been in talks with major Indian banks in a bid to get Apple Pay up and running in the country this year.Related Roundup: Apple PayTags: Apple Pay, IndiaRelated Forum: Apple Music, Apple Pay/Card, iCloud, Fitness+ This article, "Apple Pay to Launch in India by October" first appeared on MacRumors.com Discuss this article in our forums