[ad_1] Do you often use UPI for making your sundry payments – whether it is about paying your Uber driver, for online shopping, or to pay for the roadside chai? If that is the case, then you must have noted that your UPI app generates a transaction ID as you transfer the money. These IDs…
[ad_1] By the time our presidency ended, at least a dozen countries had signed MoUs with the Indian government to assist with assessing what DPI they could deploy. At the time, we had all patted ourselves on the back for having secured so many international commitments—not realizing that mere agreement to consider adopting DPI can…
[ad_1] IDFC FIRST Bank, in partnership with RuPay, has announced the launch of the UPI-enabled FD-backed secured credit card. Known as FIRST EARN, it is backed by fixed deposit, thus enabling everyone to avail it. It also offers cashback on UPI payments thus making the product rewarding for users. Additionally, fixed deposit creation is integrated…
[ad_1] The pace of change, driven by technology, geopolitical dynamics and evolving societal priorities, will ensure that uncertainty is the only constant. But times of upheaval, as history has shown, also offer extraordinary opportunities. For India Inc and Indian policymakers, embracing uncertainty is the key to survival and success. Here are five major trends reshaping…
[ad_1] While India has been at the forefront of digital transformation when it comes to payments, user experience and front-end services, banks need to look at transforming back-end technologies, Shahir Daya, chief product and technology officer of banking software platform Zafin said. “A lot of time and effort has been spent in the last few…
[ad_1] Unified Payments Interface (UPI) transactions hit a record high of 16.73 billion in December 2024, a rise of 8 per cent from November data with 15.48 billion transactions, according to data released by the National Payments Corporation of India (NPCI). With the rising popularity of UPI, credit card users are now opting for digital…
[ad_1] Thanks to UPI One World, foreign nationals and non-resident Indians can now make hassle-free payments across India seamlessly. Whether you’re a first-time overseas visitor, an NRI returning to reconnect with home, a health tourist, a student or even if you’re catching up with long-distance friends, UPI One World simplifies your payment needs, allowing you…
[ad_1] Unified Payments Interface (UPI), which has emerged as the world’s most popular alternative payments method (APM), processed transactions to the tune of â‚ą80.8 lakh crore ($964 billion) in April-July 2024, a sharp 37% year-on-year (y-o-y) surge compared to the same timeframe the previous year. Transaction metrics and global comparison UPI processed a staggering 3729.1…
[ad_1] (PTI)- The total transaction volume on UPI is expected to increase to 439 billion by 2028-29 from about 131 billion in the last financial year and account for 91 per cent of overall retail digital payments, said a PwC India Report. The report titled ‘The Indian Payments Handbook — 2024-29’ also said India’s digital…
[ad_1] On Monday, Reserve Bank of India governor Shaktikanta Das announced the launch of its Unified Lending Interface (ULI), a tech platform aimed at “frictionless credit”, especially for those who find it hard to borrow. “Just as UPI transformed the payments ecosystem, we expect that ULI will play a similar role in transforming the lending…
