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UPI rule change: Soon use money in PhonePe, Amazon Pay, any wallet to pay via Paytm, other UPI apps; check RBI new rule

UPI rule change for PPIs: Currently, money in your prepaid wallet (like PhonePe) can only be used for UPI transactions through the app offered by the wallet issuer itself. This limits your options — you can t use PhonePe money on Paytm or BHIM, for example. To address this, the Reserve Bank of India (RBI) has proposed allowing users to link their prepaid payment instrument such as wallets with any third-party UPI app. This means greater flexibility. What changes for UPI customers? How is this move going to help you?

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Rates To Stay High or FINALLY Fall? RBI MPC Expectations, Check What Experts Say

The Reserve Bank last hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at the same level in its last six bi-monthly policies.

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Yes Securities launches campaign We Love Wonga! in collaboration with RedFM - Brand Wagon News

Yes Securities launches campaign We Love Wonga! in collaboration with RedFM - Brand Wagon News
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Tata Steel to Shut Down Loss-Making Blast Furnaces in the UK

(Bloomberg) Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixBlinken’s Return From Davos Was Delayed After Plane Broke DownTrump Moves to Quash Hopes of Congress Ukraine, Border DealPutin Orders Hunt for Property of Russian Empire, Soviet UnionChina’s Biggest Broker

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Rupee Least Volatile Against Dollar In Three Decades

Market participants attribute the stability to the Reserve Bank of India s timely intervention in the foreign exchange market, both in terms of selling and buying dollars.

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