Google Pay goes live with UPI on RuPay credit cards:
Google Pay has gone live with UPI on RuPay credit cards.
This means that users can now use their RuPay credit cards to make UPI payments.UPI merchant payments to reach $1 trillion by FY26:
A report by NASSCOM and PwC India has forecast that UPI merchant payments will reach $1 trillion by FY26. This growth will be driven by the increasing adoption of digital payments by businesses and consumers.India Post Payments Bank temporarily stops opening of this savings account:
India Post Payments Bank (IPPB) has temporarily stopped opening of its Pradhan Mantri Jan Dhan Yojana (PMJDY) savings account. The bank has said that it is doing this to improve the quality of its customer base.Any marketplace joining ONDC should come with serious commitment, not for namesake:
Union Minister for Commerce and Industry Piyush Goyal has said that any marketplace joining the government's Open Network for Digital Commerce (ONDC) should come with a serious commitment, and not just for namesake.NPCI leans on bank partnerships to push RuPay credit cards:
The National Payments Corporation of India (NPCI) is leaning on bank partnerships to push RuPay credit cards. The NPCI has said that it is working with banks to offer RuPay credit cards with attractive features and benefits.Japan 'seriously thinking' of joining India's UPI system:
Japan is "seriously thinking" of joining India's UPI system. The Japanese government has said that it is looking at how it can use UPI to promote digital payments in Japan.RBI planning strict rules for firms offering payments via PoS machines:
The Reserve Bank of India (RBI) is planning to introduce strict rules for firms offering payments via PoS machines. The RBI has said that it is doing this to protect consumers from fraud and abuse.Plotch ties up with IDFC First Bank to bring dedicated payment solution to ONDC:
Plotch, a digital payments company, has tied up with IDFC First Bank to bring a dedicated payment solution to ONDC. The solution will allow businesses on ONDC to accept payments from customers.