Browsing Tag

UPI transactions

NPCI Introduces Separate Settlement Cycles for UPI Transactions

Sep 27, 2025

The National Payments Corporation of India (NPCI) has announced new settlement cycles for Unified Payments Interface (UPI), introducing a clear separation between authorised transactions and dispute-related settlements. The move is aimed at…
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No GST on UPI transactions over Rs 2,000, government clarifies

Apr 19, 2025

The government on Friday dismissed claims that it is planning to impose Goods and Services Tax (GST) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000, calling them “false, misleading, and baseless.” “There is no such…
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