wordpress blog stats
Connect with us

Hi, what are you looking for?

NPCI’s UPI 2.0 launched with new features; no recurring payments

Following multiple delays, the National Payments Corporation of India (NPCI) has finally launched the upgraded version of the Unified Payments Interface (UPI), dubbed UPI 2.0. While most of the features in the updated version were largely expected, the absence of recurring payments is bound to disappoint users and industry players alike. UPI 2.0 will offer multiple new features like Overdraft account- Customers can now link their overdraft enabled bank accounts to UPI accounts, which will let them make transactions even if their accounts don’t have the necessary funds. It is important to note that UPI will only serve as a channel or extension of the overdraft account and limits placed by the concerned banks will apply. Transaction limit- The transaction limit for UPI 2.0 has been doubled from the earlier version of Rs 1 lakh to Rs 2 lakh. One-time Mandate-…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ