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Corrupt officials in Telangana are using UPI apps to collect bribes, hoping to avoid Anti-Corruption Bureau traps. ACB says such methods fail, as raids are conducted only after collecting voice recordings, bank statements, and other solid evidence
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The co-branded RuPay credit card, offers up to 10 per cent rewards on UPI and app-based spending. Available in two variants, the card integrates with UPI and is fully managed via the PhonePe app
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The multi-dimensional analytical tool, developed as part of the Digital Intelligence Platform (DIP), empowers financial institutions with advanced actionable intelligence for cyber fraud prevention
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The outage started around midday, prompting a surge of complaints on social media and Downdetector, a platform that tracks service disruptions in real time. At the height of the issue, Downdetector logged more than 2,300 reports—81% related to failed payments and 17% linked to problems with fund transfers. Major banking apps from SBI, ICICI, and HDFC were also affected, pointing to a broader issue within the UPI network infrastructure.
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Railways has introduced the sytem of digital payments on its UTS app. Now passengers can buy journey tickets and platforms tickets from anywhere and avoid standing in queues at the railway stations
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The charges are imposed on bill payments such as electricity and gas bills made using the platform. The fee ranges from 0.5% to 1% plus GST
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The GST notice highlights a growing concern about the expanding informal economy, where digital payments are increasingly bringing small businesses into the scope of taxation. Many supporters of these small vendors argue that such businesses operate on slim profit margins, making them vulnerable to the financial burden of tax compliance.
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Relief to major players like PhonePe and Google Pay as they hold 80 per cent share in UPI transactions
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It offers 1-second transaction time with widest reach for registered PhonePe merchants and users who can integrate their payments across apps without multiple onboarding
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With this launch, PhonePe is advancing financial inclusion in India by offering insurance products that provide quick and easy access to life insurance coverage, without the need for extensive income verification
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The four confessed to duping staffers of fuel stations under the guise of sending funds to their mobile phones through digital payment application PhonePe for around two years.
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The officials said the QR code bills would be introduced in all the districts under the NPDCL jurisdiction in a phased manner in the coming days.
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TGSPDCL planning to print QR code on electricity bills to make payments; sources say bills with QR code will be available from next month
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In the complaint, the farmers alleged that the officials were not showing interest in fixing issues such as replacing dysfunctional transformers with new ones, installing new poles, straightening power lines, etc.
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The company's daily plan entails a one-time fee of Rs 499, with an additional deduction of Rs 5 per day from the merchant's settlement account for 25 days in a month, as per their statement.
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Users will be able to discover these apps conveniently in 12 Indian languages, thereby catering to 95% of Indians' language preferences.
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Many took to social media to report that they have been facing issues while making payment via UPI apps like Google Pay, PhonePe and BHIM.
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The Walmart group company had posted revenue of Rs 1,646 crore in the financial year 2022.
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Founded in 2015, PhonePe has more than 47 crore registered users and one in four Indians are now on PhonePe
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Zerodha co-founder and CEO Nithin Kamath said the total addressable market size for startups in the country could only be around 10 crore.