The Reserve Bank of India (RBI) has increased the limits on UPI payments to Rs 5 lakh for specific situations and announced the creation of a repository for fintechs. This move aims to expand digital payments and reduce reliance on physical cash or cheques. The limits for UPI transactions made to hospitals and educational institutes have been raised from ₹1 lakh to ₹5 lakh per transaction.
Jonathan Ernst/ReutersIn what might just be a new record, House Republicans were able to parade around their latest proof of President Joe Biden’s purported corruption for all of a few hours on Monday before it was unceremoniously debunked. Earlier on Monday, House Oversight Chairman James Comer (R-KY) announced that subpoenaed bank records show Biden had received “directly monthly payments” from his son Hunter Biden’s business account, most notably three “recurring payments” of $1,380 in late 2
It has picked up Total Processing, a startup out of Manchester that builds payment processing solutions for functions like recurring payments, risk management, PCI (data security) compliance and payment integrations. NomuPay is paying around $35 million for Total Processing, and says that the total value of the company is now $135 million. For some context on that number, Total Processing appears not to have disclosed any outside funding since being founded in 2015.