Upi  

UPITS 2024 will showcase an impressive laser show titled 'Uttar Pradesh - A Journey Through Time and Progress.' This magnificent event is scheduled for the evenings of September 27 and 28, 2024.

The 'Make in India' initiative, launched to make India a global hub in manufacturing and design, has made India proud worldwide. Here are 10 major achievements.

PhonePe, a leading Indian fintech company founded in 2015, has grown independently, offering innovative financial services to millions nationwide.
 

 Explore UPI transactions and their tax implications: Payments under Rs. 50,000 are tax-free, but exceeding amounts are taxable as gifts or income. Gain insights into income tax rules for UPI transactions in India.
 

Flipkart has launched Super.money, a new payments app offering real cashback, aiming to simplify transactions and enhance user rewards.
 

RBI and NIPL are currently working on linking UPI and RuPay with the payment interfaces of other nations. 

Stay alert! Learn about the top online payment frauds, including identity theft, phishing, and UPI scams, to protect yourself from financial losses in the digital world.
 

Google Wallet has been officially launched in India. It will work as a digital hub to store all your essential documents, like boarding passes, movie tickets, student IDs, etc. It is for non-financial needs and will co-exist with Google Pay in India. 

On April 5, the Reserve Bank of India (RBI) announced a new policy allowing cash deposits at cash deposit machines (CDMs) in ATMs using UPI. 

The National Payments Corporation of India (NPCI) has released new updates for linking RuPay cards to UPI services. The changes are in effect from March 31, 2024 onwards. 

The National Payments Corporation of India has granted the Third-party application provider app to Paytm. All the @paytm handles will be acquired by Yes Banks instead of Paytm Payments Bank (PPBL). 

Flipkart has developed its own payment interface for both online and offline payments made through the company's app and outside of it. With Flipkart UPI, users may pay bills, local vendors, friends, and family, and make online payments. 
 

Flipkart and Axis Bank are collaborating to launch a new Flipkart UPI platform. The platform will encourage users to pay within and outside the Flipkart app. It is a significant move and adds Flipkart to the growing list of e-commerce companies launching their own e-pay apps. 

India is leading the world when it comes to secure e-pay. According to Mastercard, India has the safest online transactions due to the tokenisation which replaces the card details with unique tokens. People are still susceptible to scams and frauds but tokenisation is the right step towards the digitally secure India. 

Reserve Bank of India has directed Paytm Payments Bank Ltd (PPBL) to stop accepting new deposits into its accounts or digital wallets from 29 February 2024. The RBI issued this directive on 31 January 2024. Additionally, existing Paytm Payments Bank customers will also be unable to add new funds to their accounts after 29 February.