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The growth in digital payment system in nation, represents a significant milestone in India's digital payment ecosystem
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Consumer internet companies are extensively using tactics like hidden fees and subscription traps, which frustrate users while using these apps or websites. You can understand the extent of these dark patterns from a report by the International Consumer Protection and Enforcement Network (ICPEN).
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You can now pay various utility bills on Flipkart in addition to shopping. The e-commerce site already had options for electricity bill payments and mobile prepaid recharges, but now users can also pay for Fastag, DTH recharges, landline, broadband, and mobile postpaid bills on the app. You can even get cashback on these payments.
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How can fraud occur through credit cards and what measures you can take to protect yourself from such fraud. FInd out.
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As UPI transactions increase, innovations like Swiggy's UPI plugin are poised to streamline digital payments further
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Grasping and applying these strategies can aid in controlling overspending despite the appeal of cashless payments
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BBPS is an RBI initiative and is run by National Payments Corporation of India. It serves as a one-stop ecosystem for all types of bill payments.
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There are two main reasons for UPI transaction failures. First is technical default which occurs due to network-related issues and second is business decline, often caused by user errors.
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If the interchange fee is increased, withdrawing cash from ATMs could become expensive
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Reserve Bank of India has explained the reasons behind UPI payment failures. So, let's find out why UPI payments fail and what is the process to get the money back if the payment fails.
