[ad_1] New Delhi: India and Sri Lanka struck a ground-breaking agreement today, July 21, 2023, during Sri Lankan President Ranil Wickremesinghe’s state visit to India. The deal permits Indian tourists to utilise India’s Unified Payments Interface (UPI) for transactions in rupees. With the successful launch of UPI in Sri Lanka, this cooperation represents a key … Read more
[ad_1] New Delhi: In a significant development, the Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) have signed two Memorandums of Understanding (MoUs) to enhance financial cooperation between the two nations. The MoUs were signed in Abu Dhabi and witnessed by the Honourable Prime Minister of India, Shri Narendra Modi, and His … Read more
[ad_1] MUMBAI: Consumer tech companies that went public between late 2021 and early 2022, and were pummelled after their listing, are seeing a robust recovery on the bourses with gains of as much as 46% in the current fiscal. Although most are way below their initial public offer (IPO) prices, the hype surrounding these companies … Read more
[ad_1] India has already signed a pact with over a dozen countries for UPI adoption New Delhi: Inter-governmental body Shanghai Cooperation Organization members, which includes China and Pakistan, have unanimously adopted India’s proposal for developing Digital Public Infrastructure, Union minister Ashwini Vaishnaw said on Saturday. India has developed Digital Public Infrastructure (DPI) like unified payment … Read more
[ad_1] New Delhi: The Reserve Bank on Thursday proposed to expand the scope of the Unified Payments Interface (UPI) by including pre-sanctioned credit lines at banks within the ambit of the popular payment platform. UPI is a robust payment platform supporting an array of features. Presently it handles 75 per cent of the retail digital payments … Read more
[ad_1] New Delhi: The government may consider a 0.3 per cent uniform digital payment facilitation fee to fund the infrastructure required for such transactions and also to ensure financial viability of the UPI payment system, suggested a study by IIT Bombay. The facilitation fee of 0.3 per cent can generate around Rs 5,000 crore … Read more
[ad_1] MUMBAI: Transactions under the Unified Payment Interface (UPI) crossed a new record of Rs 14 lakh crore in March 2023. The volume of transactions has also hit a new high of 865 crores during the month.The value of UPI transactions during March 2023 is 13% higher than the Rs 12.35 crore in February 2023. … Read more
[ad_1] KUMARAKOM: National Payments Corporation of India (NPI) MD and CEO Dilip Asbe on Thursday said G20 was a good platform to start conversations on taking UPI and other remittance and payment solutions globally.“RBI has reached out to many regulators. The India-Singapore corridor is a great example for the world to understand cross border payments. … Read more