Mobikwik is the first digital wallet to launch the full version of e-Rupi. The e-Rupi wallet is now available to all Android users of Mobikwik. It enables seamless peer-to-peer (P2P) and peer-to-merchant (P2M) transactions.

You can scan UPI QR

Users using Mobikwik e-wallet can make payments by scanning any UPI QR code. It is fully interoperable on UPI. New Mobikwik users will have to complete video KYC before opening an e₹ wallet. Currently, the daily transaction limit in e-Rupee wallet is Rs 50,000. The transaction limit is Rs 10,000 and the currency denominations are 50 paise, ₹1, ₹2, ₹5, ₹10, ₹20, ₹50. ₹100, ₹200 and ₹500 are available in e-Rupee.

What did the company’s MD say

MobiKwik MD Bipin Preet Singh said- We hope that CBDC will digitize the Indian rupee and further expand the digital economy. Our goal is to adopt e-rupee in India and move towards a less cash economy.

How were the results of the September quarter

One Mobikwik Systems Limited incurred a loss of Rs 3.59 crore in the July-September 2024 quarter. The company had a profit of Rs 6 crore in the September 2023 quarter. The company’s total income increased to Rs 294 crore in the September 2024 quarter. It was Rs 207 crore in July-September 2023. Total expenditure also increased to Rs 287 crore, while it was Rs 196 crore in the same quarter of FY 2023-24.

Share status

Talking about Mobikwik’s stock, it is at Rs 415. On Tuesday, the stock closed 3.92% higher than the previous day. During trading, the stock reached the level of Rs 437.40. Let us tell you that the company was listed in the stock market last year.

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The post MobiKwik launches e-Rupee, you can make payment through UPI, daily limit of ₹ 50000 first appeared on Rightsofemployees.com.

Now you can make UPI payment even without money in your account. To encourage digital payments in the country, the Reserve Bank of India has given its approval to the credit line service for UPI users. Now after this, users can make payment through UPI like credit card even without money in the account and can repay it later.

What is UPI Now Pay Later facility?

UPI Now Pay Later facility is a kind of credit line, through which you can make UPI payment even without money in the account. You can use this feature only when the bank gives you this facility. This facility is dependent on credit score. Through UPI, apart from your savings account, you can now link credit card, prepaid wallet, overdraft account and now also UPI credit line. Many banks like ICICI have also started the facility of UPI Now Pay Later.

In how many days will UPI Now Pay Later be paid?

Through UPI Now Pay Later, you can use credit line ranging from Rs 7,500 to Rs 50,000. The customer will have to pay this money within 45 days. If you fail to do so, you will have to pay a hefty interest rate of up to 42.8 percent along with late fees. You will also have to pay GST on this payment.

How to use ‘UPI Now Pay Later’

To use this feature, you will have to open mobile banking or net banking of the bank. After this you will have to go to the pre-approved loan section. After this you can avail the facility of UPI Now Pay Later from here. This facility will vary according to different banks.

The post RBI has started a new facility for users, You will be able to make UPI payment even without money in the account first appeared on Rightsofemployees.com.

It’s free so far, but is there a plan to charge for payment now? Is the government and RBI making such preparations? This news is in headlines after a review paper of RBI (Reserve Bank of India) came to the fore. A lot of reactions are also coming on this. Many people were also surprised that this is one more difficult thing for the common man. At the same time, the central government has now clarified the situation regarding this.

The Union Finance Ministry said that there is no plan from the Central Government to levy charges on payments through UPI. Whoever is providing the service of UPI will have to consider some other way to recover their cost. The Finance Ministry said that payment through UPI is very convenient for the people. The economy benefits from digital payments. That’s why the government is not making any such preparation.

There was talk of charge in RBI’s review paper-

Let us tell you that this news caught a lot of momentum then released a review paper on Payment System Charges. It is being told that this review paper was issued by the Reserve Bank. According to reports, it said whether a special charge Merchant Discount Rate should be levied on online payments? How to implement it.

Suggestions were sought that the same type of charge should be levied on every online payment or the fee should be charged according to the amount of money transferred. A similar thing was also said about debit card transactions. It is believed from the review paper of RBI that the preparation to levy charge on online payments is going on in a big way and seriously. At the same time, at present the government has refused any such plan and preparation.

The post UPI Payment charged: Big news ! Finance Ministry gave this statement, Payment through UPI will be charged! first appeared on Rightsofemployees.com.