
RBI has decided to enhance the mandate of the UPI further from single-block-and-single-debit transactions to single-block-and-multiple-debits functionality.
The National Payments Corporation of India (NPCI) will issue separate instructions on the issue.
Credit and finance for MSMEs: Among categories which recorded high volumes of approved UPI transactions in November, according to the…
This virtual piggy bank helps individuals automate savings
Credit and finance for MSMEs: The overall UPI volume in October stood at 7,305 million (730 crores) transactions with a…
Currency circulation in the country declined during the recently concluded Diwali. This has happened for the first time in 20…
The Digital Rupee will be used for making digital payments similar to making payments made through UPI, NEFT, RTGS, IMPS,…
In value terms, UPI transactions grew close to 9% to Rs 12.1 trillion.
The number of instant interbank fund transfer through IMPS (Immediate Payment Service) in October stood at 48.25 crore and the…
The rapid growth in digital payment technology and more importantly, the introduction of the Unified Payments Interface (UPI) has changed…
With various retail and Wholesale use-cases, the CBDC can impart efficiency to a range of payments/settlement services
According to NPCI, the *99# service is available in 13 different languages including Hindi and English. The service is offered…
“Not just that, the UPI (Unified Payments Interface), the BHIM app, and NCPI (the National Payments Corporation of India) are…
RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing…
Credit and finance for MSMEs: In terms of the average ticket size (ATS), Rs 820 was the average UPI P2M…
While remittances have existed in both informal and formal ways, the pandemic has accelerated a shift in flows to more…
UPI is becoming a preferred mode among users and it is simple to use, fast and a secure payment method.
The announcement by the RBI mentioned the importance of the role of payment aggregators in establishing a healthy payment ecosystem.…