The Latest Breaking News from NEFT

Bengaluru citizens complain of payment failures on Kaveri 2.0

Bengaluru citizens facing tech issues while making online payments on Kaveri 2.0, a property registration website. This has caused delays in registration process.

The Hindu · Nov 29, 2023

Data | Hurdles to overcome before becoming ‘Digital India’

India has seen a rapid growth in digital payments since the introduction of UPI in 2016. UPI payments grew at an average monthly rate of 6%, compared to 3%, 3%, and 1.5% for NEFT, IMPS, and debit cards, respectively. The share of UPI payments in total digital retail payments rose…

The Hindu · Aug 1, 2023

UPI costs must be met through other means: Centre

Earlier, RBI had plans to levy charges for payment systems including UPI, NEFT and IMPS

The Hindu · Aug 21, 2022