Tuesday, March 21, 2023
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Upi

The Non Banking Financial Companies aka NBFCs have emerged as a crucial source of credit for small and medium-sized enterprises (SMEs), micro-enterprises and the informal sector in India as they have filled the gap left by traditional banks, which have been...

India's home-grown payment products like UPI and RuPay network are increasing their global footprint and will make cross-border payments easier, Das said while inaugurating the Payment System Operators (PSO) Conference

He also said the overall monthly digital payment transactions crossed over Rs 1,000-crore-mark each month during the past three months

Prime Minister Lee said the idea of linking PayNow and UPI was first conceived in 2018 when Prime Modi visited Singapore

The platform has won the award in recognition of the superfast and secure transactions powered by Paytm UPI

The new feature will allow Indian PhonePe users to pay foreign merchants using UPI while travelling. Countries such as UAE, Singapore, Mauritius, Nepal and Bhutan will be covered in this feature

With this, PPBL has aimed to empower users with convenient payments through a greater acceptance of RuPay credit cards, strengthening the credit card ecosystem in India

UPI transaction count achieved a 74 per cent year-on-year (YoY) growth in January 2023

The central bank announced the construction of a composite RBI-DPI in March 2018 as a base to capture the extent of digitisation of payments across the country

Consumers will be able to opt to split their e-commerce payments into easy installments right at the point of checkout without using their credit cards