Online payment systems have transformed the way Indian merchants do business. However, they bring both opportunities and challenges. Merchants need to understand these systems to maximize their benefits while mitigating risks.
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The advent of Unified Payments Interface (UPI) has revolutionized the way India handles transactions. Whether it's paying for groceries, transferring money to friends, or settling bills, UPI has become a vital part of daily life. However, as digital transactions grow, so does the complexity surrounding taxation on UPI payments.
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The world of finance is changing rapidly, and India is at the forefront of this transformation. Fintech—short for financial technology—is reshaping how people manage money, make payments, and access banking services.
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