Bhim Upi
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WhatsApp chief writes to RBI seeking approval to expand payment services in India
•WhatsApp is currently piloting WhatsApp payments and is waiting for a formal approval to be granted.
Narendra Modi in Singapore: PM has done more than any other leader to connect India to financial mainstream
Sreemoy Talukdar •Naysayers may deride the NDA’s push for Aadhaar, Jan Dhan, RuPay, BHIM, demonetisation or GST but the fact remains that Narendra Modi has done more for inclusive development in India through technology and digitization than any other prime minister before him. His place in history is secured.
Narendra Modi in Singapore: At Fintech Festival, PM cites Aadhaar, UPI; says inclusive growth stems from digitisation in India
Fp Staff •Delivering the keynote address at the Singapore Fintech Festival, Prime Minister Narendra Modi spoke about the inclusive growth stemming from the digitisation in India, innovation, direct benefit transfer, and the disruption that technology brought about in status quo.
Paytm registers over 137 million UPI transactions in September, tops UPI market
Ians •Paytm now has over 33 percent of the overall Unified Payments Interface market share.
RBI Governor Urjit Patel unveils UPI 2.0 version; will allow customers to use overdraft limit for making payments to merchants
•The second version of the Unified Payments Interface (UPI) will also enable customers to check the invoice sent by merchant prior to making payment
Govt to expand BPO promotion scheme to generate employment, plans largest National Data Centre in Bhopal
•The government will increase the capacity under the BPO promotion scheme to one lakh seats from the current 48,000 seats, Ravi Shankar Prasad said
NPCI says that WhatsApp's payment feature will only be permitted to launch after it meets all the required norms
Ians •Popular digital wallet platform Paytm on Thursday accused WhatsApp of flouting norms laid out by the NPCI and demanded a level-playing field.
Paytm plans to cover 10 million merchants across India for QR based payments in three to six months
Ians •Paytm's QR-based payment solution supports all payment methods, including credit/debit cards, net banking, Paytm-BHIM UPI, and its wallet.
Government to bear MDR charges on transactions through BHIM UPI or Aadhaar-enabled payment systems
•The merchant discount rate (MDR) will be borne by the government for two years with effect from 1 January 2018 by reimbursing the same to the banks.
Paytm introduces BHIM UPI payment feature in its Android App
Tech2 News Staff •The process requires you to create your own Paytm BHIM UPI ID on the app which will be your mobile-number@paytm.