Discover and read the best of Twitter Threads about #upi

Most recents (24)

Today I saw a trend of #UPI when many news outlets and in turn many people mis understood that UPI payments are going to be charged now on.
There is absolutely no truth about it. But it has a nuance to understand what actually is happening.
(1/n)
When UPI was launched it was a “from” side of payment source. Meaning you link your bank account to any UPI App, use UPI and make payments. Journey started with user making payment to “UPI handle” something like abc@xyzBank.
While UPI needed handle to pay, @Paytm was able to popularise a QR for merchant- A simple scan to make payments.
Once we launched UPI on Paytm. Paytm user were able to pay a merchant from@UPI linked Bank A/c.
(3/n)
Read 22 tweets
#UPIcharges #upicharge

#FUNDAMENTAL QUESTION

Visa & Master card networks provide Payment Guarantee and hence charge MDR. If there is a fraud, I can stop payment immediately. Not required to go to Police and Register an FIR.

What does #UPI charge the MDR for ?
#UPIcharges for what it’s worth, In #Singapore there is something called #PayNow which is just like UPI.

ZERO CHARGES the last that I know
Meanwhile @TheDeshBhakt saved me the trouble of typing this
Read 4 tweets
#UPIcharges
#UPI पर बड़ा हल्ला मचा हुआ है। हाय मर गए, हाय मोदी ने 1.1% tax लगा दिया। हाय अब गरीब जनता का क्या होगा। हाय रे मोदी ने लूट लिया...
सूचना युग की सबसे बड़ी त्रासदी ही यह है कि अधिकांश लोग सूचना को सुनते हैं... उसे समझते या सही से Interpret करने की जहमत नहीं उठाते।
👇
ऊपर से रोने धोने में जो Sadistic Pleasure मिलता हैं... ओहोहो उसका तो क्या ही कहना
UPI सेवा मुफ्त में उपलब्ध हैं, लेकिन इसमें थोड़ा सा बदलाव किया गया हैं.
Technicalities में नहीं जाएंगे.....सीधी बात करते हैं।
->आपके लिए UPI एकदम मुफ्त है, अगर आप अपने Bank Account से किसी और के
👇
Bank Account में Direct Transfer कर रहे हैं।
-> आप अपने wallet (Paytm, Phonepay, Googlepay) से किसी भी Individual के Wallet में मुफ्त में पैसा Transfer कर सकते हैं।
अब सवाल है कि फिर यह 1.1% Fees किस बात की हैं?
मान लीजिये आप एक दुकान पर जाते हैं... आपने 2000 रूपए तक का सामान
👇
Read 10 tweets
#UPI #PPI #ഇന്റർചേഞ്ച് ചാർജുകളെ കുറിച്ചും ആശയക്കുഴപ്പത്തിലാണോ?

#PPI @NPCI_NPCI പുതിയ മാറ്റങ്ങൾ വ്യാപാരികൾ/വാലറ്റുകൾ/ബാങ്കുകൾ എന്നിവയെ ബാധിക്കുന്നവയാണ്.

ഈ മാറ്റങ്ങൾ കാരണം ഉപഭോക്താക്കൾ ഒരു കാരണവശാലും കൂടുതൽ പണം നൽകേണ്ട അവസ്ഥ വരുന്നില്ല.⤵️
രണ്ട് തരത്തിലുള്ള ചാർജുകളാണ് അവതരിപ്പിച്ചിരിക്കുന്നത്.

ആദ്യത്തേത് #PPI ഉപയോഗിച്ച് 2000 ൽ കൂടുതൽ രൂപയുടെ ഇടപാട് വ്യാപാരയുമായി #UPI വഴി നടത്തുമ്പോളാണ്.

PPI- പ്രീ-പെയ്ഡ് പേയ്‌മെന്റ് ഉപകരണങ്ങൾ, അതായത് ഓൺലൈൻ വാലറ്റുകൾ
(പേടിഎം, ആമസോൺ പേ വാലറ്റുകൾ പോലുള്ളവ)
നിങ്ങൾ എന്തിനുവേണ്ടി UPI പേയ്‌മെന്റ് നടത്തുന്നു എന്നതിനെ ആശ്രയിച്ചിരിക്കും PPI ഇടപാടുകൾക്കുള്ള ഇന്റർചേഞ്ച് നിരക്ക്.

0.5-1.1% എന്ന നിരക്കിലാണ് NPCI നിരക്ക് സജ്ജീകരിച്ചിരിക്കുന്നത്.

പട്ടിക താഴെ
Read 7 tweets
1/ #JustIn🚨: #UPI transactions not free anymore? 😯

Here’s what you need to know before going haywire on #UPIpayment ⤵️
2/ @NPCI_NPCI recently announced a new proposal.

According to the mandate - An intercharge fee of 1.1% will be charged on #UPIpayment exceeding Rs 2,000.

This proposal will come into force starting April 01, 2023.
3/ But the important question is - will you, as a consumer, be charged this 1.1% amount? 🤔

The answer is 'no!'🙅‍♂️
Read 8 tweets
📌 ‘द पैम्फलेट’ @pamphlet_in फैक्ट चेक | #UPI भुगतान पर क्या अब सरकार पैसे काटने जा रही है? ट्विटर समेत सोशल मीडिया पर लगातार कई लोग यह अफवाह फैला रहे हैं, जानते हैं क्या है सच्चाई #UPIcharges

1/n
ऐसे कई ट्विटर अकाउंट थे, जिन्होंने बिना पुष्टि किए हुए भरपूर दुष्प्रचार किया कि केंद्र सरकार अब UPI के माध्यम से होने वाले भुगतान पर अतिरिक्त शुल्क लेने जा रही है। लोगों ने यहाँ तक कहा कि ‘ऐसे में डिजिटल भारत कसने बनेगा’?

2/n
NPCI, जो कि UPI की गवर्निंग बॉडी है, उसने एक प्रेस रिलीज जारी करके स्पष्ट किया है कि UPI द्वारा होने वाले भुगतान पर ऐसा कोई भी चार्ज नहीं लगाया जाने वाला है।

3/n
Read 11 tweets
There is a lot of confusion on this #UPI charges and its being made to spread multiple 'fake news' in a area where there is clarity. This directly stems from fact - who is allowed to price on what?

#CashlessConsumer will attempt to decode this in a 🧵
1. What is being announced?

NPCI will charges #MDR for transactions above ₹2000 - when the payment mode by user is a wallet.

Note - this is not the same as using PhonePe / GPay.

It is applicable only when you use Wallet - PhonePe / PayTM are popular wallets still exist.
It is not applicable when you use UPI via banks.

2. Who is making this announcement?

NPCI.

3. Can NPCI make this announcement?
All Payment operators are at liberty to price payment products - except ATM interchange - which @RBI actively regulates.
Read 13 tweets
Entrepreneurs, are you tired of paying hefty taxes?

Don't worry! We got you covered!

Check out these top tax-saving tips that can benefit your business and your bottom line. (1/n)

#entrepreneurs #taxes #taxsavings #taxtips
#1 Hire Family Members & Relatives:

You can reduce your tax liability by paying salaries to family members, which are tax-deductible. Their income may also be below the taxable threshold. (2/n)

#tax #taxexemption #taxliability
#2 Deduct Business Expenses for Travel & Accommodation:

Business travel expenses such as tickets and accommodation can be deducted from your taxable income, thus reducing your tax liability.
(3/n)

#taxliability #businessexpenses #deductions
Read 14 tweets
#RaisinaDialogue2023 | #Bytes of Promise: How Can #Technology Lift Communities?

We are live tweeting the session with @alisabrypc, @OmarSAlolama, @PandaJay, @yodifiji, @gautamagg77 and @yaelwiss

Stay tuned for more updates!

@orfonline @ril_foundation

#Raisina2023
.@alisabrypc: Lack of consistent policy and affordability of #technology and devices is a challenge for #SriLanka. But the potential is enormous.

#RaisinaDialogue2023 #Raisina2023
Read 14 tweets
🏆PhonePe and Google Pay: The Power Duo Driving 82% of UPI Transactions

[THREAD🧵]

1) During Jan 2023, a total of 803 Cr+ transactions were made using UPI.

#UPI #phonepe
2) Out of these, 47% transactions occurred on Phone Pe app while 34.6% were carried out using Google Pay, and Paytm accounted for 14.8% of the transactions.
3) What is UPI?

UPI is a technology that allows users to link more than one bank account in a single smartphone app and make fund transfers without having to provide IFSC code or account number
Read 6 tweets
🌐"UPI Goes International: Travelers from Abroad Can Now Use UPI!"

[THREAD🧵] 👇

1) UPI is a technology that allows users to link more than one bank account in a single smartphone app and make fund transfers without having to provide IFSC code or account number

#UPI #G20India
2) A foreign national visiting India can now use UPI to pay for goods and services in a matter of seconds, as per the permission granted by the RBI.

3) Initially, this service will only be available in selected airports of India for visitors from G20 nations.
4) How this will work?

A foreign visitor arriving in India can visit a bank kiosk available on airports, where they can make payments to that bank in their own currency.

The bank will then create a wallet linked to UPI apps like Google Pay or PhonePe on the visitor's phone.
Read 5 tweets
🚨 Exciting Update: #Metamask wallet joins forces with Onramp.money to bring Indian 🇮🇳 users an easier way to invest in the #cryptocurrency Market.

They can now purchase crypto directly from their in-browser wallet using popular local payment options like #UPI & #IMPS
The integration of UPI and IMPS payment options is especially beneficial, as UPI is the most used payment system in India, with over 150 million active users.
This partnership will make it simpler and more secure for Indian users to purchase cryptocurrency, as they can now do so directly from their in-browser wallet.
Read 6 tweets
सिंगापुर, कनाडा, सऊदी अरब समेत इन 10 देशों में रहने वाले भारतीय अब #UPI के जरिये कर सकेंगे पेमेंट।

भारतीय राष्ट्रीय भुगतान निगम (NPCI) ने अमेरिका, कनाडा और संयुक्त अरब अमीरात समेत 10 देशों के प्रवासी भारतीयों को #NRI/NRO खातों से यूपीआई के जरिये फंड ट्रांसफर की अनुमति दी है।
जल्द ही 10 देशों के प्रवासी भारतीयों को UPI के जरिये पैसा भेजने की अनुमति मिलेगी।

भारतीय राष्ट्रीय भुगतान निगम (NPCI) ने अमेरिका,कनाडा & संयुक्त अरब अमीरात समेत 10 देशों के प्रवासी भारतीयों को NRI/NRO खातों से यूपीआई (UPI) के जरिये फंड ट्रांसफर की अनुमति दी है।
NPCI ने एक परिपत्र में कहा कि उसे प्रवासियों को UPI मंच के जरिये लेनदेन के लिये अंतरराष्ट्रीय मोबाइल नंबरों का उपयोग करने की अनुमति देने को लेकर अनुरोध मिलते रहे हैं।
Read 4 tweets
#ZomatoBusiness thread!
1/ If you're not familiar with Zomato, it's an Indian food delivery and restaurant discovery company that's been making waves in the tech industry. They've expanded to over 10,000 cities in 24 countries and have become a household name in many regions.
2/ Zomato started out as a restaurant review and food delivery platform in 2008 and has since evolved into a multi-faceted company offering services such as online ordering, table reservations, and event ticketing. #onlineordering
3/ One key factor in Zomato's success is their focus on customer convenience. They've implemented features such as cashless payments, customizable menus, and real-time tracking to make the food ordering process seamless for users. #UPI
Read 10 tweets
यूपीआयद्वारे चुकीच्या खात्यात पैसे पाठवले गेल्यास काय करावे? 

तूमचे पैसे परत मिळविण्यासाठी खालील पर्यायांचा वापर करू शकता.

🔸जर तुम्ही GPay, PhonePe, Paytm  सारख्या #UPI एपद्वारे हस्तांतरण व्यवहार केला असेल तर सर्वप्रथम त्या एपच्या ग्राहकसेवेशी संपर्क करून मदत मागू शकता.
#म
👇🏽
🔸त्याच दरम्यान तुमच्या बँकेच्या हेल्पलाइनशी सुद्धा संपर्क साधून व्यवहाराची माहिती द्या.

याआधी तुमच्या फोनवर त्या चुकीच्या व्यवहाराद्वारे पैसे खात्यातून वजा झाल्याचा तुम्हाला बँकेकडून आलेला मेसेज जपून ठेवा. या मेसेजमधील तपशील रकमेच्या परताव्यासाठी आवश्यक ठरतात.
👇🏽
🔸रिझर्व्ह बँकेच्या मार्गदर्शक तत्त्वानुसार चुकीच्या खात्यावर पैसे पाठवल्यास, तुम्ही 👉🏻 bankingombudsman.rbi.org.in 
या बँकिंग लोकायुक्त संकेतस्थळावर जाऊन सुद्धा तक्रार करू शकता.
👇🏽
Read 9 tweets
A Unified Payments Interface or UPI is the amalgamation of multiple bank transactions like merchant payments, bill payments and smooth fund transfers through a single application, in which banks participate.

#GPay #UPI #phonepe #paytm #onlinepayment
An increasingly popular mode of transfer for money, it lets individuals or organisations make direct banking transactions using their UPI ID or Virtual Payment Address (VPA).
💵 Here Is How UPI Works
⭐ A user first registers on a payment app like Google Pay, Paytm or PhonePe
⭐ Once the user is registered, bank account(s) are linked to the app
⭐ The Virtual Payment Address (VPA) facilitates the transactions between the two parties
Read 4 tweets
@Rajeev_GoI @narendramodi 1/n
#Challenge every single individual, Party, association, group or influencers to debate on benefits of #Demonetization
#Agenda points for the debate could be as follows
A.Short term Purpose
B.Long term Purpose
C.Short term Benefits
D.Long term Benefits
@Rajeev_GoI @narendramodi 2/n
E.Side effects & yet to achieve targets

Short term purpose of #Demonetization & #Digitalization
a-To identify Persons, Organizations, NGO’s hoarding #BlackMoney
b-To bring terror funding under Government radar
c-To identify shell companies dealing in #BlackMoney
@Rajeev_GoI @narendramodi 3/n
d-Identify Government scheme money leaks
e-Identify foreign funding

Long term purpose of #Demonetization & #Digitalization
a-To reduce the gap between rich & poor
b-To arrest funds leak
c-To discourage #BlackMoney and encourage white money
d-Balance the tax structure
Read 23 tweets
How UPI killed Candy Business. Can your business be affected too?

When I heard that UPI is killing the candy business? Really How??

I got this on Whatsapp, so kindly tag whoever deserves the credit for this take on disruption because of technology
Further exploration, was an eye opener with hard to believe detail as to *how a business was built on “chutta nahi hai"* went into downhill as UPI arrived.

*In early 2010s almost all big Candy players, including Mondelez, Mars, Nestle, Perfetti, Parle & ITC reported staggering
growth & future prospects. But as UPI arrived, most of these brands have reported a steep decline in sales of toffee*.

Hershey’s, one of world’s biggest chocolate & toffee maker said India is one of the worst hit markets in the post COVID era hitting their expansions plan.
Read 8 tweets
#Thread 🧵| UPI 2.0

RBI is set to launch new features for UPI 2.0.

UPI is set to give stiff competition to VISA and MasterCard monopoly as UPI goes international.

First let’s know about the countries Adopted UPI for digital payments.

#UPI
#ModiHaiToMumkinHai
[1/9] Image
🔘#Liquidgroup signed an agreement with NIPL in Sept 2021.

They will provide UPI based QR code payment system in Singapore, Malaysia, Thailand, the Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan by 2022 Q1.

[2/9]
#UAE

Similarly Arab Monetary Fund signed an agreement with #NIPL to connect UPI with Buna payment platform in March 8, 2022 .
[3/9]
Read 10 tweets
The man in the picture is N Arvind, the aide to the Head priest at the Sri Lakshmi Narasimhaswamy Temple in Krishnagiri in Tamil Nadu.

He has been undergoing treatment in Bengaluru since July. Arvind's family has exhausted all their savings and needs our help now. (1/n) ImageImageImage
The 30-year-old used to live on the generosity of the temple devotees and had no health insurance.

Local doctors in Krishnagiri had treated him initially but his condition deteriorated thereafter.

He was shifted to Manipal Hospital (Old Airport Branch) in Bengaluru.
(2/n) Image
His brother-in-law, Manjunath M, has sent me this picture for reference.
(3/n) Image
Read 12 tweets
#GaneshChaturthi is a very very big day in Pune.

As sad as it is to bid farewell, #GaneshVisarjan is an even bigger deal!

It’s something you should absolutely try and experience first hand at some point.

#Pune
#GanpatiVisarjan2022
#गणेश_विसर्जन
It starts with the Rangoli. The boys and girls who do it are amazing artists specially since you practically get only one shot.

A constant fracture is the “Bhagwa” “भगवा”.

#Pune
#GanpatiVisarjan2022
#गणेश_विसर्जन
The other two constants are the people’s Smartphones and the Dhol Tasha troupes. This is the culmination of their efforts.

It’s incredible what they pull off in this heat and humidity.

Good to see some young ones too.

#Pune
#GanpatiVisarjan2022
#गणेश_विसर्जन
Read 24 tweets
Thread 🧵

Now you can pay Income Tax via Debit Card, Credit Card, UPI too @IncomeTaxIndia

#incometax #upi

Please note, this is available when you pay taxes through Income Tax Portal and not from @Protean_Tech website.
Earlier, tax payments majorly were done using 2 modes. Internet Banking or Physically visiting Bank.

Now you can pay via :

👉UPI
👉Internet Banking
👉Debit Card
👉Credit Card
👉Over the Counter
👉NEFT/RTGS
Paying through UPI, Debit Cards or Rupay Debit Card does not attract any transaction charges.

Income Tax systems using payment gateway of @FederalBankLtd

Snapshot of transaction charges 👇👇 Transaction charges summary
Read 4 tweets
1/n रिलायंस इंडस्ट्रीज लिमिटेड (आरआईएल) की 45वीं वार्षिक आम सभा (AGM) के मुख्य बिंदु
#RILAGM #WeCare
2/n रिलायंस इंडस्ट्रीज लिमिटेड के चेयरमैन एवं प्रबंध निदेशक श्री मुकेश अंबानी ने कंपनी की 45वीं वार्षिक आम सभा (AGM) में सभी शेयरधारकों का स्वागत किया
#RILAGM #WeCare
3/n मुझे, हमारी व्यक्तिगत बातचीत और हमारा गर्मजोशी से मिलना याद आता है। मुझे पूरी उम्मीद है कि अगले साल हम एक हाइब्रिड मोड पर मिलेंगे, जो भौतिक और डिजिटल दोनों तरीकों का एक संयोजन होगा: मुकेश अंबानी
#RILAGM #WeCare
Read 73 tweets

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