Tag: Google Pay

Google Pay app to be discontinued, users urged to move to Google Wallet
Technology

Google Pay app to be discontinued, users urged to move to Google Wallet

[ad_1] Google has announced a significant change for its users in the United States - the discontinuation of the standalone Google Pay app. In a recent blog post, the tech giant revealed that the app will no longer be available after June 4, 2024. Instead, users are encouraged to migrate to Google Wallet, which will become the primary platform for managing digital payments and transactions.The decision to sunset the Google Pay app comes with implications for users accustomed to its features. Once the app is removed, functionalities such as peer-to-peer payments, offer discovery, and balance management will no longer be accessible. However, Google Pay will continue to operate in other markets, including India and Singapore, albeit in different capacities, reported GSMArena. Despite its w...
Exciting UPI updates in 2024: Here are 5 new key features you will benefit from
Technology

Exciting UPI updates in 2024: Here are 5 new key features you will benefit from

[ad_1] UPI updates in 2024: As we step into the new year, it's important to be aware of some fresh updates to the Unified Payments Interface (UPI), India's fastest-growing payment method. The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have collaboratively crafted these regulations, which aim to enhance your online banking and payment experiences. it's crucial to acquaint yourself with five rule updates set to elevate your online banking and payment experiences.Effective from January 1, 2024, here are five key UPI updates you should keep in mind.1. Dynamic UPI IDs: The NPCI is taking a proactive step by directing payment apps to deactivate dormant UPI IDs after one year. Whether you're a user of Google Pay or PhonePe, ensuring the activity of your U...
NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date
Technology

NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date

[ad_1] In a proactive move to enhance the security and reliability of the Unified Payments Interface (UPI) ecosystem, the National Payments Corporation of India (NPCI) has issued a directive aimed at major third-party UPI apps such as Google Pay, Paytm, PhonePe, and others. The mandate, conveyed through a recent circular, requires these platforms and associated banks to deactivate UPI IDs and numbers that have remained inactive for over a year.NPCI, a non-profit organization overseeing retail payments and settlement systems in India, emphasizes that this measure is essential to prevent unintentional fund transfers to unintended recipients. The risk arises when customers change their mobile numbers without unlinking the old ones from the banking system, as there is a chance that the old ...
Meta, Apple At Risk of Increased Regulation of Digital Wallets
Technology

Meta, Apple At Risk of Increased Regulation of Digital Wallets

[ad_1] Meta Platforms Inc., Apple Inc., Alphabet Inc. and other companies that offer digital wallets and payment apps would fall under US Consumer Financial Protection Bureau supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts.Companies handling more than 5 million transactions per year would be regulated like banks, credit unions, and other financial institutions already under the CFPB's supervision, the agency said in a statement Tuesday. CFPB examiners would be able to monitor payment apps for compliance with federal money-transfer laws, as well as for unfair, deceptive, or abusive conduct, should the rule be finalized. The agency can already step in if nonbanks act unlawfully, but it can't regularly supervise their operations under c...
Don’t want to show your phone number when you transact on Paytm? Know this UPI trick
Technology

Don’t want to show your phone number when you transact on Paytm? Know this UPI trick

[ad_1] Gone are the days when it was considered safe to share seemingly innocent information about you without giving it a second thought. Today, with cybercrime on the rise, it is important to keep your data private and only with those you trust. While people are mostly careful around their financial data, passwords, and other sensitive information, one piece of data that is freely available every time you make a UPI (Unified Payments Interface) payment is your phone number. For most people, our UPI ID is our phone number, so anyone, including random shopkeepers, to whom you have made a payment, would probably have access to your phone number. If that bothers you, then do not worry, as you can change your UPI address on Paytm and make it so it is hidden from others. Check this trick. H...
WhatsApp adds rival in-app payment options in India commerce push
Technology

WhatsApp adds rival in-app payment options in India commerce push

[ad_1] WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market.WhatsApp has more than 500 million users in India, though regulators there have capped its in-app WhatsApp Pay service to only 100 million people. People shopping on WhatsApp could also pay using popular services like Alphabet Inc's Google Pay, Paytm and Walmart's PhonePe but only after being redirected outside WhatsApp. Payments via those rival services - and any others that run on India's instant money transfer system UPI - will now be possible directly within WhatsApp, Meta said in a blog post. New in-app options for credit and debit cards will als...
Avid traveller? Google Flights will tell you when and how to book the cheapest tickets
Technology

Avid traveller? Google Flights will tell you when and how to book the cheapest tickets

[ad_1] Impromptu travel plans are great, but booking flight tickets during such times becomes quite expensive. Last-minute bookings usually cost a fortune depending on the airline, destination and cabin class. That means, unless you have miles or some really good discount coupons, you have to shell out a premium. Flight booking platforms such as Skyscanner, and Hopper often provide tentative pricing for flights booked in advance. However, Google Flights, with its latest update has improved the insights even more and provides information on when flight tickets are available at their cheapest rates.Here's how you can book the cheapest flight tickets with Google Flights. 1. Know the cheapest time to bookWith Google Flights, users can check if the listed price of their preferred flight is l...
New Google Pay feature allows users to pay without UPI PIN for small transactions
Technology

New Google Pay feature allows users to pay without UPI PIN for small transactions

[ad_1] Google's payment app Google Pay on Thursday introduced UPI LITE on its platform to ease small digital transactions.UPI Lite allows users to load up to ₹4,000 in a day for instant transactions limited to ₹200 at one go, the search engine giant said. Designed by the National Payments Corporation of India (NPCI), it allows small transactions without the need for entering their UPI PIN. According to the company, UPI LITE accounts are linked to user's bank accounts but do not rely real-time on the issuing bank's core banking system, resulting in higher payment success rates even during peak transaction hours, and a less cluttered bank passbook.Users can activate the feature by logging into their Google Pay app and accessing their profile page, after which they must tap on "activate ...
Google Pay rolls out Aadhaar-based authentication for UPI activation
Technology

Google Pay rolls out Aadhaar-based authentication for UPI activation

[ad_1] Starting today, Google Pay users can register for UPI using Aadhaar via National Payments Corporation of India (NPCI). With the Aadhaar-based UPI onboarding flow, Google Pay users will be able to set their UPI PIN without a debit card. This move is expected to help users set up UPI IDs and enable them to make digital payments. The goal is also to boost financial inclusion. This feature is now available to bank account holders of supported banks.Users who want to onboard UPI via Aadhaar, will need to ensure that (a) their phone number is registered with UIDAI and bank are the same, and (b) their bank account is Aadhaar linked. The 3-step processOn Google Pay, users have the option to select between Debit card or Aadhaar based UPI onboarding. If they select Aadhaar, then users will...
Two duped of Rs. 57 lakh in online fraud
Technology

Two duped of Rs. 57 lakh in online fraud

[ad_1] Two persons, including a businessman, were collectively duped of ₹57 lakh in separate cases of online fraud, police said on Wednesday.While in the first case a businessman was allegedly duped of ₹42 lakh by his social media friend over a business proposal, in the second, a woman was duped of ₹15 lakh after she clicked on a link while searching for the customer care number of a courier company, they said. According to the first FIR, a proprietor named Sunil Arora was defrauded of ₹42 lakh by one Shreya Joshi with whom he got in touch on Instagram in December last year. "Shreya Joshi offered me a business proposal for saffron cumin oil and saffron powder supply to her own company in the USA. She asked me to contact Riya Sharma, proprietor of Sharma Product from Mumbai to procur...