The move will also help the Indian diaspora in Singapore, especially migrant workers and students, through the instantaneous and low-cost transfer of money from Singapore to India and vice-versa
The National Payments Corporation of India (NPCI) has permitted the transfer of funds between NRE accounts and other permissible accounts endorsed under FEMA regulations.
Das said a customer will create a payment mandate against a merchant by blocking funds in his/her bank account for specific purposes which can be debited, whenever needed
Linking credit cards to make UPI payments is a game changer in digital payments as it offers the benefits of both credit cards and UPI, according to experts. Read on to find more.
During the month, 782 crore transactions in volume terms were done on the platform, which was launched in 2016
The Reserve Bank of India (RBI) has announced two consumer-centric development updates related to Unified Payment Interface (UPI) and Bharat Bill Payment System (BBPS). Know what those are.
The incentive scheme will facilitate a robust digital payment ecosystem while promoting RuPay Debit Card and BHIM-UPI digital transactions
Despite the availability of QR codes, UPI, and other payment solutions, cash is still the dominant as well as the go-to payment mechanism in certain transactions because of its convenience, including high-ticket real estate...
In September, there were 678 crore UPI-led digital transactions worth Rs 11.16 lakh crore
India is poised to surpass the US to become the second-largest shopper base globally in the next two years from the currently more than 180 million online...
RuPay credit card has been operational for the last four years, and all major banks are enabled and are issuing incremental cards for both commercial and...
The RBI has notified all category-I authorised dealer banks to implement the process for enabling Bharat Bill Payment System to process cross-border...
Fintech companies welcome initiative as UPI has brought many business and consumers into mainstream banking channels. According to NCPI, approximately 6.28...
According to a report, 71 per cent of consumers are open to sharing financial data on an account aggregator platform and 29 per cent prefer net-banking, manual...
The UPI network processed 6.28 billion transactions worth Rs 10.63 trillion in July 2022. The UPI-credit card is widely expected to give a further boost to...
The National Payments Corporation of India (NPCI) and various banks are ready to submit a final proposal regarding MDR charges on UPI-linked RuPay credit cards...
However, it was down by nearly 3 per cent from the previous month
RBI’s Payment Vision 2025 document sets goalposts to boost the digital payments ecosystem with changes proposed relating to UPI, NEFT, IMPS
India’s UPI has a new foreign use case, and this time, it’s France. Previously, UAE, Japan, the US, Singapore, Bhutan and Nepal were accepting UPI.
The Reserve Bank of India came out with a slew of announcements to expand the scope of paperless transaction and digital banking across the Tier-III to Tier-VI...
UPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform.
Simplicity, a centralised facility that does not depend on a single bank, and a robust infrastructure built on the back of a secure and proven IMPS system make...
India’s instant payment solution, the UPI, processed Rs 10.41 lakh crore in 5.95 billion transactions in May 2022.
Did you know that India’s instant payment systems, such as the UPI and IMPS are, far more developed than similar systems in use in the US, the UK, Canada and...
A UPI transaction takes mere seconds and is the most preferred payment mechanism in India. Here’s how security matches its speed.
