For example, if your electricity bill amounts to ₹1,500, you can expect to pay approximately 1 per cent of that as an extra charge. This move is not entirely unexpected, as other UPI-based apps like ...

The PROOF ROAD BALASORE ... assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The ...

Since 2020, the Indian government has waived the merchant discount rate (MDR) for UPI transactions below Rs 2,000 to promote digital payments. From 2021, the government began covering MDR costs for ...

Google Pay, which is the second-largest player after Walmart-backed PhonePe, has introduced a new convenience fee for bill payment. GPay, which has a 37 per cent share of UPI transactions ...

The European Central Bank (ECB) has revealed plans to develop a blockchain-based payment system that will enable financial institutions ... long-term framework for settling DLT-based transactions in ...

Crédit Agricole has signed the agreement to acquire Emporiki Bank Romania, from Emporiki Bank Greece, which fully owns the Romanian subsidiary, with the operation being subjected to the approval of ...

This move signifies a trend towards monetising UPI transactions to recover payment processing costs. UPI-linked bank account payments remain fee-free. Introduction of platform fees for bill ...

The payments application levies 2.183% convenience fee for transactions using Mastercard, 1.18% for all transactions using non-ICICI Bank credit cards. In case of ICICI Bank credit cards, a 1.18% fee ...

The Reserve Bank of India - Digital Payment Index reached 465.3 in September 2024, reflecting the growing penetration of digitalisation in the country. In January 2025, digital transactions sustained ...

The Financial Conduct Authority and the Payment Systems Regulator issued ... a digital wallet for more than 50% of their card transactions, and around 10% used it for more than 75% of their ...