NPCI introduces a structured process for resolving UPI Merchant Category Code misclassification disputes; prescribes claim eligibility, response timelines, documentation and financial settlement requirements
The National Payments Corporation of India (“NPCI”) has issued a circular introducing a structured process for the resolution of disputes arising from […]
NPCI defers MDR implementation on select UPI P2M transactions to post-Diwali
The National Payments Corporation of India (“NPCI”) has informed that, in view of the festive season, the UPI and Services Steering Committee […]
Ministry of Finance specifies the electronic modes of payment under the Payment and Settlement Systems Act; banks or system providers must not impose any charge upon persons making or receiving payments through the specified modes
The Ministry of Finance has issued a notification, specifying the following electronic modes of payment under the Payment and Settlement Systems Act, […]