Creative Bharat
PayU, one of India’s leading digital financial services providers, has strengthened its senior leadership team by appointing Shailesh Paul as the new Chief Executive Officer (CEO) of Wibmo, PayU’s paytech division and a leader in payments security and digital financial services. Shailesh is a seasoned leader who brings in over two decades of extensive […]
MUMBAI: Digital payment volumes in India dipped in April even as the momentum remained steady. UPI processed 1,789 crore transactions during the month, down from 1,830 crore in March. The dip comes as the system contended with brief service outages. Despite these disruptions, average daily volumes hit a record 59.6 crore, up from 59 crore […]
NEW DELHI: In a significant move to enhance user safety and transparency in digital transactions, the National Payments Corporation of India (NPCI) has directed all Unified Payments Interface (UPI) applications to display only the ‘ultimate beneficiary name’, as recorded in the Core Banking System (CBS), during peer-to-peer (P2P) and peer-to-merchant (P2PM) transactions.In a circular dated […]
India’s digital payments landscape has taken a significant leap with the launch of UPI Circle, a feature by the National Payments Corporation of India (NPCI) that enables delegated payments while ensuring security and oversight. Designed to increase financial inclusivity and offer convenience in managing household and business payments, UPI Circle is now available on the […]
NEW DELHI: Govt on Friday clarified that it is not considering to levy GST on UPI transactions above Rs 2,000. Clarifying on reports, which said govt is considering levying GST on UPI transactions over Rs 2,000, the finance ministry said they are false, misleading, and without any basis.GST is levied on charges, such as Merchant […]
The Government has directed all companies to file a half-yearly return regarding delay in payments to micro and small enterprises beyond 45 days, a gazette notification said. As on March 26, 2025, the MSME Samadhaan portal had over 97,000 applications of MSE (Micro and Small Enterprises) related to pending dues aggregating to over ₹21,600 crore. […]
MUMBAI: The Payments Council of India (PCI) which represents digital payments companies has written to Prime Minister Narendra Modi, seeking introduction of merchant discount rate (MDR) on UPI transactions and RuPay debit cards. The industry body has sought an MDR of 0.3% on UPI transactions only for large merchants and a nominal MDR on RuPay […]
Fixed Deposits (FDs) remain one of the most popular investment avenues for individuals seeking a stable return on their savings. While the interest rates offered on FDs can vary, another crucial factor to consider is the frequency of interest payments. Frequency of Interest Payments […]
This investment aligns with PayU’s vision of developing innovative payment solutions in India that serve customers worldwide With this investment, Mindgate will leverage its strong existing partnerships with banks in real-time payments to enhance its expertise in Merchant Offerings while expanding its global reach. […]
Raipur: A delegation from the Indian Medical Association (IMA) Raipur unit and the Hospital Board Raipur met with Chhattisgarh health minister Shyam Bihari Jaiswal to discuss the concerns of private hospitals. The main concerns included hospitals struggling to provide quality care due to inadequate packages that have not increased despite rising inflation. ‘Hospitals Receive No […]
