rbi

UPI Lite now support NFC payment - Three major announcements on UPI made by RBI Today: * RBI has proposed to enable conversational payments on UPI * Introducing offline payments in #UPI using near field technology (NFC) via UPI Lite * Enable payment of small amount offline on UPI and raise...

SBI Card, here how to convert Visa to RuPay Credit Card: Just saw this tweet - 5:47 PM · Jul 26, 2023 - Finally my #SBI #BPCL Visa #creditcard upgraded to #Rupay network on my request Initially denied to convert saying due to internal policy. I followed up regularly & asked the exact reason &...

On review, the RBI has observed that the existing arrangements between card networks and card issuers (banks and non-banks) limit the availability of choices for customers. As a result, the RBI has drafted a set of guidelines and is seeking feedback. It is expected that the implementation of...

RBI directive forces DreamX, Fampay, Akudo, Muvin and others to halt UPI service: The Reserve Bank of India (RBI) has asked PPI issuers to stop Unified Payments Interface (UPI) in a co-branding arrangement, according to the directions. “PPI holders shall be on-boarded for UPI by their own PPI...

Recently I applied SBI CASHBACK card (after cancelling my SBI Paytm credit card) and after all verification, they rejected my credit card. Even I received a mail stating that the application is rejected due to their internal policy. When I call their customer care to know the exact reason of...

I recently opened a BOI bank account hoping that I it would be zero fee. They didn't give me an option to choose debit card either and gave me a 300fee debit card which I don't want to pay for unnecessarily and isn't even primary account for me. SO if they charge me fee and account goes to -ve...