30% UPI market share cap rule does not apply to Paytm, Jio; here's why - NPCI on Thursday said third-party payments apps, from January 1 will not be allowed to process more than 30% of the total volume of transactions on state-backed United Payments Interface (UPI) framework.
Amazon has their own VPA. I think they have something similar to what payments banks have or at least something better than PhonePe or Google Pay... I wonder if this would get them to upgrade to proper bank or something.
In the last few weeks, payment companies have suffered frequent “downtimes” or “outages” on the Unified Payments Interface (UPI) platform leading to many unprocessed customer and merchant transactions, four payments industry executives, who operate UPI-based apps and platforms, told MediaNama...
expect banks to start cribbing about free upi transactions in coming days.
Can someone help me file a complaint against BHIM? I lost 2860 rupees while trying to pay BSES bill and the amount was never credited back to my account. I've tried raising complaint using the complaint helpline and the web but so far no one has responded. I've even contacted the bank but even they didn't do anything yet. It seems there no way to get hold of a real person while filing a complaint against BHIM, the helpline has no option to talk to a CSE and they never reply over email either.
Edit: I registered complaint against wrong transaction id it seems, will try again now. The transaction is from 12/12/2020. Now I can't even register a complaint against that transaction id using helpline, the IVR keeps telling me it's an invalid entry.
Edit2: The toll free number has an option to talk to CSE but it's always busy.