RBI Sets up FinTech Department to Promote Innovation in Digital Payments
The integration of FinTech Department with RBI will give the apex bank an overarching control over the innovation in fintech space
RBI Releases Offline Digital Payment Framework for Small Value Transactions
RBI has recently released a framework for offline digital payments of up to Rs. 200 per transaction, subject to the total offline transaction limit of Rs. 2,000.
Government Approves Incentive of Rs 1,300 crore for MDR Charges on BHIM and RuPay Card Transactions
The incentive of Rs 1,300 crore is set to push for the digital payments made on the BHIM UPI and RuPay cards.
RBI’s PIDF to Support Setting Up of 2.5 Lakh POS Terminals & 55 Lakh QR Code Acceptance Points
The Reserve Bank of India (RBI) has said that it has set up around 2.5 lakh POS (Point-Of-Sale) terminals and 55 lakh QR code acceptance points using funds from the PIDF Scheme.
GST On Several Goods Including Gold And Silver Might Increase, Proposal Includes Merging Two GST Slabs
GST council might take its decision as soon as early December on increasing GST on gold, silver, and other goods.
NPCI Rolls Out Tokenisation Mechanism for RuPay Cards
National Payments Corporation of India launched NTS - NPCI Tokenisation Mechanism to support tokenisation of RuPay cards. It is meant to further enhance safety at customers’ end and ensure a smooth shopping experience.
