Search Results for: UPI Transaction

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI Increases Limits for UPI 123Pay and UPI Lite Transactions

The Reserve Bank of India (RBI) has increased the pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. Users can now conduct low-value UPI transactions of up to Rs 1,000 without entering the PIN, up from the previous limit of Rs 500. Oct 9, 2024
Rs 2,000 crore WazirX hack: Govt probe on as millions of users seek refunds

WazirX's $234M Cyber Heist: A Deep Dive into the Aftermath

The Indian cryptocurrency exchange WazirX has been hit by a colossal cyber theft, with losses amounting to a staggering Rs 2,000 crore (approximately $234 million). The incident, which transpired in July 2024, has left millions of users in a state of limbo as they anxiously await the refund of their digital assets. Oct 7, 2024
SEBI announces new measures to curb F&O trading, strengthen equity markets

SEBI Introduces New Measures to Reinforce Equity Markets

The Securities and Exchange Board of India (SEBI) has announced a series of new measures for the futures and options (F&O) segment. This decision is a response to a concerning trend where nine out of ten participants have consistently lost money over the past three years. Oct 2, 2024
Unified Payments Interface (UPI)

UPI Transactions Skyrocket, Marking Digital Payment Surge

The Unified Payments Interface (UPI) has seen a significant surge in its transaction value and volume in September. The data released by NPCI on Tuesday revealed that UPI transactions reached a remarkable value of Rs 20.64 lakh crore, marking a 31% year-on-year increase. Oct 1, 2024
Zerodha's Strategy Amid Regulatory Changes and Market Dynamics

Zerodha's Strategy Amid Regulatory Changes and Market Dynamics

Zerodha, a leading online brokerage firm, has made a significant decision in response to the revised exchange transaction charges (ETC) and securities transaction tax (STT). The company has chosen not to charge users after these changes came into effect, a move that is expected to impact 10% of its revenue. Oct 1, 2024
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