Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
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        LATEST NEWS UPDATES | Govt drops incentives given for UPI transactions -Mayur Shetty    </title>
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-The Times of India

MUMBAI: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to..."/>
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-The Times of India

MUMBAI: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to..." />
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                            <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users.<br /><br />The move to withdraw the incentives has surprised payment service providers. While there has been a surge in UPI transactions, which allow instant account-to-account transfers, these are yet to gather momentum in retail payments. <br /><br />In April this year, the government had said that the cashback scheme introduced during demonetisation would be extended up to March 2019. It allowed customers to get a reward of Rs 25 per transaction for each of 20 transfers in a month with a minimum value of Rs 100. There were similar incentives for achieving milestones in volume.<br /><br />Although the scheme was scheduled to end in March next year, the National Payments Corporation of India (NPCI) came out with a notification on July 3, modifying the scheme with effect from July 1. Banks say this could lead to a customer service issue as many were transacting with the incentives in mind.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/govt-drops-incentives-given-for-upi-transactions/articleshow/64953424.cms" title="https://timesofindia.indiatimes.com/business/india-business/govt-drops-incentives-given-for-upi-transactions/articleshow/64953424.cms">click here</a> to read more. <br /><br /></div>                                                           
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MUMBAI: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to..."/>
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    <h1 class="cat-box-title">Govt drops incentives given for UPI transactions -Mayur Shetty</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users.<br /><br />The move to withdraw the incentives has surprised payment service providers. While there has been a surge in UPI transactions, which allow instant account-to-account transfers, these are yet to gather momentum in retail payments. <br /><br />In April this year, the government had said that the cashback scheme introduced during demonetisation would be extended up to March 2019. It allowed customers to get a reward of Rs 25 per transaction for each of 20 transfers in a month with a minimum value of Rs 100. There were similar incentives for achieving milestones in volume.<br /><br />Although the scheme was scheduled to end in March next year, the National Payments Corporation of India (NPCI) came out with a notification on July 3, modifying the scheme with effect from July 1. Banks say this could lead to a customer service issue as many were transacting with the incentives in mind.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/govt-drops-incentives-given-for-upi-transactions/articleshow/64953424.cms" title="https://timesofindia.indiatimes.com/business/india-business/govt-drops-incentives-given-for-upi-transactions/articleshow/64953424.cms">click here</a> to read more. <br /><br /></div>                                                           
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    <h1 class="cat-box-title">Govt drops incentives given for UPI transactions -Mayur Shetty</h1>
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                            <div align="justify">-The Times of India<br /><br /><em>MUMBAI: </em>The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users.<br /><br />The move to withdraw the incentives has surprised payment service providers. While there has been a surge in UPI transactions, which allow instant account-to-account transfers, these are yet to gather momentum in retail payments. <br /><br />In April this year, the government had said that the cashback scheme introduced during demonetisation would be extended up to March 2019. It allowed customers to get a reward of Rs 25 per transaction for each of 20 transfers in a month with a minimum value of Rs 100. There were similar incentives for achieving milestones in volume.<br /><br />Although the scheme was scheduled to end in March next year, the National Payments Corporation of India (NPCI) came out with a notification on July 3, modifying the scheme with effect from July 1. Banks say this could lead to a customer service issue as many were transacting with the incentives in mind.<br /><br />Please <a href="https://timesofindia.indiatimes.com/business/india-business/govt-drops-incentives-given-for-upi-transactions/articleshow/64953424.cms" title="https://timesofindia.indiatimes.com/business/india-business/govt-drops-incentives-given-for-upi-transactions/articleshow/64953424.cms">click here</a> to read more. <br /><br /></div>                                                           
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Govt drops incentives given for UPI transactions -Mayur Shetty

Published on Jul 15, 2018   Modified on Jul 15, 2018

-The Times of India MUMBAI: The government has prematurely withdrawn a scheme under which shopkeepers would get an incentive of up to Rs 1,000 for accepting payments using the Unified Payments Interface (UPI). Another one providing customers cashbacks of up to Rs 500 has also been withdrawn and replaced with a scheme that provides rewards of up to Rs 150 but only for Bhim app users. The move to withdraw the incentives has surprised payment service providers. While there has been a surge in UPI transactions, which allow instant account-to-account transfers, these are yet to gather momentum in retail payments. In April this year, the government had said that the cashback scheme introduced during demonetisation would be extended up to March 2019. It allowed customers to get a reward of Rs 25 per transaction for each of 20 transfers in a month with a minimum value of Rs 100. There were similar incentives for achieving milestones in volume. Although the scheme was scheduled to end in March next year, the National Payments Corporation of India (NPCI) came out with a notification on July 3, modifying the scheme with effect from July 1. Banks say this could lead to a customer service issue as many were transacting with the incentives in mind. Please click here to read more.

The Times of India, 12 July, 2018, https://timesofindia.indiatimes.com/business/india-business/govt-drops-incentives-given-for-upi-transactions/articleshow/64953424.cms

Tagged with: National Payments Corporation of India (NPCI) Unified Payments Interface (UPI)

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