Tag: UPI

India, Cambodia discuss investment treaty, UPI collaboration to promote trade, tourism

June 20, 2024 admin

UPI is India’s mobile based, ‘fast payment’ system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address (VPA) created by the customer. | Photo Credit: Photo Credit: X/@UPI_NPCI “India and South East Asian nation Cambodia are negotiating collaboration in Unified Payment Interface-based (UPI) digital payment to promote trade and…

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India To Again Delay Caps On UPI Payments Market Share, Will Help PhonePe, Google Pay: Report

May 9, 2024 admin

Representational Image New Delhi: India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration. The National Payments Corporation of India (NPCI), the quasi-regulator, will extend by as much as two years…

Nation

India, Ghana Agree To Operationalise UPI Link Within 6 Months

May 6, 2024 admin

Ghana is an important trading partner of India in the African region. (File) New Delhi: India and Ghana have agreed to operationalise Unified Payment Interface (UPI) with Ghana Interbank Payment and Settlement Systems within six months in order to enable instant fund transfers for users in both countries, the Commerce Ministry said on Monday, The…

Nation

RBI Monetary Policy | Soon, deposit cash using UPI

April 5, 2024 admin

Image for representation only | Photo Credit: C. Venkatachalapathy The Reserve Bank of India has proposed to facilitate cash deposit facility in banks through the use of UPI, an instant real-time payment system for inter-bank transactions through mobile phones. ALSO READ | RBI Monetary Policy LIVE updates “Given the popularity and acceptance of UPI, as…

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI Digital Rupee users will soon be able to execute transactions in areas with limited internet connectivity as the Reserve Bank of India (RBI) on February 8 announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project. RBI…

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UPI gets global launch at Eiffel Tower in France

February 3, 2024 admin

National Payments Corporation of India’s (NPCI) Unified Payment Interface (UPI) being formally launched at the Eiffel Tower on February 2, 2024 | Photo Credit: PTI India on Friday formally launched UPI at the iconic Eiffel Tower here, terming it as taking Prime Minister Narendra Modi’s vision of taking UPI global. “UPI formally launched at the…

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