Searched Tag: rbi digital payments platform
August 8, 2024, 01:20 PM - 2 min read
The RBI proposed creating a public repository of digital lending apps to combat unauthorised players and introduced 'Delegated Payments' in UPI, allowing users to delegate UPI transactions. They also increased the UPI tax payment limit to Rs 5 lakh and plan to speed up cheque clearing by moving to continuous clearing, reducing the cycle to hours.
Read moreJune 8, 2024, 07:51 PM - 2 min read
Industry experts have endorsed the Reserve Bank's proposal to establish a digital payments intelligence platform. They believe it will help reduce fraud and increase consumer confidence.
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