Tag: BHIM UPI

Cabinet nod for scheme to insentivise RuPay, BHIM-UPI

Under the said scheme, acquiring banks will be provided financial incentives, for promoting Point-of-Sale (PoS) and e-commerce transactions using RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for the current financial year.

January 11, 2023

No charges on UPI transactions clarifies Finance Ministry

Clarification came after media reports claimed RBI titled "Discussion Paper on Charges in Payment System" has discussion of service charge on UPI transactions.

August 22, 2022

India launches BHIM-UPI services in Bhutan

Nirmala Sitharaman said that the services have been started in Bhutan under India's neighbourhood first policy.

July 13, 2021

FinMin exempts B2B firms from using only BHIM, RuPay for accepting payments

To encourage digital transactions and move towards a less-cash economy, the government inserted a new provision, Section 269SU

May 20, 2020

Mobile app can be used for payment of state taxes, fees

The payment can be made through WBiFMS Mobile App that was introduced by the department in March 2019.

February 1, 2020