Surge in online fraud this festive season; Tips to stay vigilant!
Losses due to cyber fraud surged to ₹177.05 crore in FY24, up from ₹69.68 crore recorded the previous year
Losses due to cyber fraud surged to ₹177.05 crore in FY24, up from ₹69.68 crore recorded the previous year
RBI also allows UPI access for prepaid payment instruments via third-party applications
The primary objective of ‘Pocket UPI’ is to address the tendency of users to overlook minor or recurring expenses when UPI is directly linked to bank accounts.
The number of UPI transactions increased to 941 crore in May compared with 889 crore in April.
Credit card on UPI, int’l transactions for foreign inbound travellers and cross-border transactions on UPI, credit lines on UPI to benefit to ecosystem players, says report
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
Das said in terms of value, transactions registered a growth of 17% worth ₹6.27 lakh crore in the past 12 months.
An Indian user can remit up to ₹60,000 in a day, says the RBI.
This means that users can make payments without entering a password. The UPI LITE feature was enabled by the National Payments Corporation of India on the app.
State government orders on the platform have grown 72%- from 6.88 lakh orders in March-Jan FY22 to 11.8 lakh orders in until Feb 1, FY23.