debits

RBI governor Shaktikanta Das announced an additional function for Unified Payments Interface (UPI) platforms that would allow multiple debits. Mr. Das was effusive in his praise for the digital payment system in his address at the…

Consumers will be able to authorise recurring direct debit payments such as gym memberships through their banking app rather than through paper or online forms, under a new system tipped to “revolutionise” payments.The Commonwealth Bank on…