Thursday, April 25, 2024
Outlook India
Outlook Business

Upi Payment

The MoU has three main objectives: expanding the use of UPI payments for international travelers, assisting in creating UPI-like digital payment systems globally, and facilitating cross-border remittances through the UPI infrastructure

PayNearby releases detailed analysis on ‘assisted digital transactions’ FY23, in its third Pan-India report titled, Retail-O-Nomics

It has partnered with AI4Bharat at IIT Madras, to co-develop Hindi and English payment language models

The collaboration will bring CBDC payments on feature phones via an application interface

Users will be able to get interest-free credit up to Rs 60,000 to pay at over 20,000 online merchants

India is in talks with Namibia, Mozambique, and Kenya to help develop their own Unified Payment Interface (UPI)

As per the RBI's monthly data, Unified Payments Interface (UPI) transactions increased from Rs 9.83 lakh crore in April this year to Rs 10.73 lakh crore in August