- RBI provides regulatory supervision and undertakes security initiatives for UPI, while officials discuss usage numbers.
- The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.
A bill was passed by the Indian Parliament, permitting charges on electronic payment systems.
3 reports, 3 independent
Updated Aug 7
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
A bill was passed by the Indian Parliament, permitting charges on electronic payment systems.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The government has introduced a bill in the Lok Sabha to change the digital payment system in India, amid US pressure over policies.Sub-event
Indian Parliament passed a bill regulating charges on electronic payment systems.1 source
Keep exploring
Part of
The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.Also in this story
- The finance ministry has set the payment rail fees for UPI transactions.
- The government introduced a new structure for Merchant Discount Rate (MDR) via a ministry circular.
The entities involved
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Bill
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