Why are health insurance policies sold by banks, or the likes of Paytm and PhonePe, much cheaper? How do these plans work? Are there any potential drawbacks one should be aware of? —Name withheld on request Health insurance plans offered by banks or mobile apps are often cheaper because they are typically group plans. These … Read more
What’s the best way to pay for your SIPs – UPI Autopay or eNACH? Your choice matters as the two methods have different functionality and register your SIPs in different ways. A UPI AutoPay mandate can be initiated on any UPI AutoPay-enabled platform by entering the PIN of your UPI account. An eNACH mandate on … Read more
The NPCI is likely to review its decision to implement a 30 per cent cap on the market share of payment players offering Unified Payments Interface (UPI) services by the end of 2024, reported Business Standard. As of now, the deadline to bring this change remains unchanged i.e., December 2024. “There is still time for … Read more
While the Unified Payments Interface (UPI) has become a part of our everyday life, there’s one limitation that hinders the user experience — not being able to use the money in your online wallet to make UPI transactions to web or mobile application other than that provided by the prepaid payment instrument (PPI) issuer. Thanks … Read more