QR CODE PAYMENTS

Economic Survey 2024-25: Train passenger traffic registers 8 per cent growth, freight revenue 5.2 pc

Indian Railways witnessed an 8% rise in passenger traffic and a 5.2% upsurge in freight revenue in FY24. The government is enhancing passenger amenities with a focus on digitalisation. E-ticketing in the reserved sector reached 86%, while unreserved sector ticketing increased to 33% by October 2024.

Mobikwik partners with RBI, Yes Bank to roll out CBDC e-rupees

MobiKwik has made the e-rupee wallet accessible to all Android users, enabling peer-to-peer and peer-to-merchant transactions.

Delhi HC appoints former SC judge A K Sikri as mediator in On4Off Trading vs NPCI patent dispute

The Delhi High Court appoints former Supreme Court judge A K Sikri as a mediator to resolve a dispute between On4Off Trading and the National Payments Corporation of India (NPCI) regarding the alleged unauthorized use of patented technology for aggregating Unified Payments Interface payments using credit cards, seeking to restrain NPCI and others from infringement and claiming compensatory damages.

What’s in NPCI’s wallet? A plan to unclog banking channels

The National Payments Corporation of India (NPCI) and the mobile wallet industry are considering reducing the interchange fee for Unified Payments Interface-based (UPI) transactions conducted via mobile wallets. The move comes as the payments body seeks to attract more non-bank players into the UPI ecosystem.

'Sunno kuch kaam hai...': How a Delhi man blackmailed, extorted women after doctoring their images using AI

A 21-year-old man named Nikhil Singh has been arrested for blackmailing a college student with AI-generated explicit images. Singh, who posed as a female on social media, altered the victim's profile pictures and demanded money, threatening to share the images. The police traced the payments and apprehended Singh, who admitted to the scheme.

Jumped deposit scam: Entering UPI pin casually can empty your bank account, know how you can protect yourself

Jumped deposit scam: Scammers are using innovative methods to target UPI users these days. Sending money into your bank account is the easiest way of winning trust quickly. And when you enter your UPI pin to check any such deposit transaction, you end up falling prey to such frauds. Read below to know more about this latest UPI scam.

Airtel Payments Bank sets up digital banking services at Maha Kumbh

Airtel Payments Bank has introduced digital banking services at the Maha Kumbh Mela by setting up 10 kiosks at key locations. These facilities provide essential banking services such as withdrawals, fund transfers, and digital payments, aiding devotees and merchants by minimizing cash-handling risks and ensuring convenient access to funds.

Now you can use UPI to make payments while shopping at these Dubai Duty Free stores

Indian tourists in the UAE can now use UPI for payments at more merchant locations, thanks to a partnership between NPCI International Payments Limited and Magnati. The initiative starts at Dubai Duty Free, with plans to expand across various sectors.

On track for full-year profitability, IPO still 18-24 months away: BharatPe CEO

The firm, which wants to become a full stack finserv player and is in the process to reduce its stake in Unity Small Finance Bank to abide by regulatory directions. The startup is also planning the launch of mutual funds and insurance as the next two major product lines said Nalin Negi, chief executive officer of BharatPe.

Punjab man drives off without paying Rs 2,100 for six egg crates; 'Anda Chor' video goes viral

A man in Punjab bought six trays of eggs from a vendor, fled without paying ₹2,100, leading to a viral video. He returned the next day to settle the payment, stating that he initially believed his online transaction was completed. The act highlighted struggles faced by small business owners.

Pani Puri vendor gets GST notice as PhonePe and UPI payments cross Rs 40 lakh in a year

Pani Puri Vendor GST Notice: Indian Pani Puri vendors have received GST notices after their annual digital transactions surpassed Rs 40 lakh. The rapid adoption of platforms like PhonePe and RazorPay has pushed these vendors into the formal economy. The amusing social media responses to this news highlight the growing impact of digital payments on small businesses.

Mahakumbh 2025: Train tickets just a QR scan away

The Uttar Pradesh government and Indian Railways will make Mahakumbh 2025 digital by introducing QR code-based railway tickets. Railway employees will wear jackets with QR codes to help devotees book tickets quickly. This will simplify the process and ensure a smooth travel experience for the millions of devotees expected at the event.

DHL courier QR code scam: Fraudsters demand payment for rescheduled deliveries, know all about this new fraud

DHL Courier QR scam: A new scam has emerged. In this scam fraudsters drop a DHL missed delivery card containing a QR code. On scanning the QR code you will get redirected to a fake website instead of the official DHL website. "If you’re directed to a different address or encounter cards that don’t match our sample, do not interact with them," DHL Ireland said.

QR code frauds double in 2 years

QR code frauds in India doubled to nearly 40,000 in 2023-24, with losses tripling to Rs 56.34 crore. As of September 2024, over 18,000 cases involving Rs 22.22 crore have already been reported. The government, RBI, and NPCI are implementing preventative measures like device binding and awareness campaigns to combat these rising frauds.

PAN 2.0: How to apply for PAN card reprint with QR code

PAN card reprint application: If you are one of those taxpayers having a PAN card with old designs and want to update it to the new design having a QR code, then you can submit an application for the PAN card reprint. There are charges applicable to applying for a PAN card reprint. Know the steps you should follow to apply for a PAN card reprint with a QR code.

QR-Code payments: Paris yet to decode UPI method

UPI was introduced in Paris to offer convenience for Indian tourists at the Eiffel Tower, yet the system is not in use. Visitors and staff reported no information or setup for QR-code payments, showing a clear gap between the intended service and actual availability, reflecting Europe's slow adoption of such payment methods.

Cred launches offline QR code-based ‘scan and pay’ payments

Peak XV-backed startup Cred has been pushing its UPI payments feature aggressively. The fintech wants its customers to use the app to scan QR codes at premium retail outlets.

Here’s how QR code payments are convenient for people today

Ways in which QR code payments offer several benefits to both consumers and vending machine operators

RBI set to change India's payments picture with new QR code rules

Reserve Bank bars payment system operators from launching new QR codes

The decision to continue with the two existing Quick Response (QR) codes was based on the recommendations of the committee to review the current system of such codes in India and suggest measures for moving towards interoperable QR codes.

RBI panel pitches for incentives to promote usage of QR code transactions

With a view to promote less cash economy, the government should provide incentives to popularise usage of QR (Quick Response) code transactions among consumers, a report of the Reserve Bank of India (RBI) said on Wednesday.

One nation, under code: How India leads the way in the interoperability of QR code for payments

Since India has a smartphone base of 300 mn with 20 mn customers getting added each month, QR code-based payments can cost-effectively expand the digital footprint.

Paytm is raking in Rs 600 crore in QR code payment method. This is why it is less cumbersome