UPI platforms
How Digital Payments Are Transforming the Indian Festive Season Shopping
The festive season sales have reflected an extraordinary rise in consumer spending, with early estimates suggesting that sales from September 26th to 28th alone crossed INR 26,500 crore
The Role of Digital Payment Infrastructures in MSME Growth
Around 80 per cent of MSMEs reported positive impacts from adopting digital technology, with Aadhaar banking and UPI being the most utilized services at the last mile.
India's Fintech in Promising Place But Needs to Prepare For Decade Ahead: GFF & BCG Report
The report states that Generative AI and API-based open architecture are key drivers of future growth with applications ranging from customer service automation to fraud detection, fintech is exploring strategic international expansion.
Driving Financial Inclusion: NPST's Role in India's Digital Revolution
The digital ecosystem in India, especially in Finance has seen growth due to various factors. The government's push towards mass digitalization, increase in internet penetration, and digital transformation enablers help integrate these technologies.
'Innovation' is driving the Fintech Revolution in India
Indian regulators such as the Securities and Exchange Board of India and the Reserve Bank of India have constantly embraced innovation in the finance and fintech space, paving the way for a mature economy.
India's First UPI-ATM Launched for Hassle-free and Card-less Cash Withdrawals
With the UPI ATMs, any bank customer can experience the convenience of QR-based cash withdrawals.
4 UPI Features Unveiled by the RBI Governor
Developed by the National Payments Corporation of India (NPCI), the features include credit lines on UPI, UPI Lite X, Tap and Pay, and conversational payments.
SBI Introduces UPI Interoperability On CBDC App
The move aims to deliver unprecedented convenience and accessibility to its customers
Universal Postal Union To Evaluate UPI
Ashwini Vaishnaw shared the transformation of the post offices into a digitally powered network, capable of doorstep delivery of government services in remote areas
UPI Dominates Digital Transactions In 2022 Worth INR 126 Lakh Crore: Worldline Report
India's flagship payment platform Unified Payments Interface (UPI) continued to be the most dominant channel for digital payments in 2022 with a 70% increase in the number of transactions to 74 billion and a 54% increase in the value, stated the report
Government May Consider 0.3% Fee To Ensure Financial Viability of UPI: Report
The report also stated that the facilitation fee of 0.3% can generate around INR 5,000 crore in 2023-24
Fee Of Up To 1.1% On Merchant Transactions Above INR 2000: NPCI
As per the circular issued on March 24, the changes will come into effect from April 1, 2023
Daily UPI Transactions Jump 50% To 36 Crore, Says RBI Governor
Shaktikanta Das added that the overall monthly digital payment transactions crossed over INR 1,000-crore-mark each month during the past three months
Travellers From G20 Countries Can Pay Via UPI, Says RBI
The RBI release also reportedly clarified that the facility is available to travellers from G-20 countries, at selected international airports such as Bengaluru, Mumbai and New Delhi
UPI-PayNow Linkage Launched; Will Make Cross-Border Remittance Easy Between India and Singapore
The UPI-PayNow linkage is said to be the world's first such linkage to feature cloud-based infrastructure and have participation from non-banking financial institutions