| | | Daily Capsule | 9th June 2022 | | | | Hello Readers,
In a move to make the Unified Payment Systems (UPI) more inclusive, the Reserve Bank of India allowed credit cards to be linked to the payments platform, starting with the indigenous RuPay credit cards.
Welcoming the development, many industry stakeholders YourStory spoke to said that the move would benefit small businesses.
"If this takes off, we would have 10x merchants accepting credit cards in India in a few years," said Shashank Kumar, CTO and Co-founder at Razorpay.
However, the guidelines don't throw light on how merchant discount rates (MDR) will be applied for UPI transactions via credit cards. There are also questions around P2P (person-to-person) UPI transactions, merchant re-enrollments, and security.
Read the full story here. |  | | Here are other highlights of today's Daily Capsule: -
The Interview: Redefining the outbound express logistics landscape in India -
Editor's Pick: 100X Entrepreneur -
Startup Spotlight: Fitspire -
News and updates and more… | | | The Interview
|  | | In a freewheeling conversation with YourStory, Shivadeep Mahadi, Ajaykumar Rajakumar, and Shashi Tripathi, Co-founders of eShipz, discuss the nuances of the logistics space and how they're redefining the automating outbound express logistics landscape in India. | | | Editor's Pick: 100X Entrepreneur | Editor's Pick 100X Entrepreneur |  | | With an aim to impart quality teaching, Sandeep Jain left his engineering job to enter academics and also started a blog to help engineering students prepare for placements.
His love for teaching inspired him to create GeeksForGeeks, a platform which is used by 22 million developers and aspiring developers from around the world every month. Read more. | | | Startup Spotlight |  | | Vocal for vegan | | The COVID-19 pandemic has forced many of us to move towards living a more healthy lifestyle.
To take the vegan lifestyle to more Indians and beyond Tier I cities, husband and wife—Vipen and Nidhi Jain—along with their ex-colleague from Standard Chartered Bank, Hinah Sawhney, launched Fitspire in January 2020. Read more. |  | | | | | News & Updates | -
Deepinder Goyal, MD and CEO at food delivery app Zomato, has voluntarily forgone his salary for the financial year that ended on March 31, 2022. Following the suit, CFO Akshant Goyal has also waived off his salary w.e.f January 1, 2022, till March 31, 2022. -
Payments gateway company PayPal rolled out a new feature that allows users to transfer crypto to other PayPal wallets . With this new feature, users can also transfer cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, to other exchanges and wallets. -
US vaccine producer Novavax has announced it will be partnering with the Serum Institute of India (SII) to manufacture supplies of the shot for American recipients . Novavax vaccines are already available in Europe, Australia, and Canada. -
The Reserve Bank of India has hiked the repo rate by another 50 basis points (0.50 percent), making lending costlier as it seeks to tame India's stubborn inflation rate. It has projected the inflation rate to be 6.7 percent for FY23, up from 5.7 percent earlier . GDP forecast is retained at 7.2 percent. | | Read more | | | | Startup Funding: Deals of the day | Startup Funding
Deals of the day | | | | | | | | | | | | | | In Case You Missed It* | | *A roundup of interesting stories from global media organisations; YourStory has not verified this content and does not vouch for its accuracy | | | Upcoming Events |  | | Taking note of the overwhelming response to EduStars 2022, YourStory has taken it up a notch by launching a meetup. All in the flesh!
Witness policymakers & leaders from the ecosystem to learn about the trends in the sector. Register here! | | | | |  | | Want to talk about how growing wealth is taking on a new form?
Get involved in conversations that answer questions like this at Paysa 2022, a virtual BFSI/fintech event on June 10th & 11th. Register now! | | | | | Brand Spotlight |  | | Application deadline extended for Maharashtra Startup Week 2022 until 15th June 2022
Maharashtra State innovation Society has opened applications for its 5th Edition of the flagship initiative Maharashtra Startup Week. Through this initiative, MSInS is looking for Innovative startups and open the government as a customer to startups by identifying 24 startups from across India and giving them opportunities to work with various entities under Govt of Maharashtra.
Don't miss the chance and apply now | | | | |  | | While tech partnerships accelerate growth for organisations, having multiple partners can weigh the company down. Fulfil all your digital needs with Tata Tele's one-stop-shop, Tata Tele Business Services — solutions spanning data, voice, collaboration, cloud & SaaS. Click to know more. | | | | | Before you go, stay inspired with... | | — Steven Melford, Founder, The Forge | | | |
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