In a major move to globalize India’s digital payments ecosystem, the Unified Payments Interface (UPI) has officially launched in Qatar, starting with duty-free outlets at Hamad International Airport in Doha. This makes Qatar the eighth country to accept UPI, making it easier for Indian travelers to use their payment methods abroad. This exciting development comes […]
UPI Launches in Qatar: Indian Travellers Can Now Use UPI Read More »
India’s Unified Payments Interface (UPI) is making waves by processing over 20 billion transactions every month. It has quickly become the largest retail instant payment system in the world and is earning accolades globally, including recognition from the International Monetary Fund (IMF) for its role in transforming digital payments. In a fintech note released in
The IMF calls India’s UPI as global model for digital payments Read More »
The Union Cabinet has approved a ₹1,500 crore incentive scheme for banks to encourage Unified Payments Interface (UPI) transactions that are under ₹2,000 for the fiscal year 2024–25. With this scheme, banks will earn a 0.15% incentive on transactions made by small merchants, and 20% of the payout will be linked to the performance of
Cabinet Approves ₹1,500 Crore UPI Incentive Scheme for Banks Read More »
The Unified Payments Interface (UPI) is ready to foray into the UK market starting with QR code-based transactions. The NPCI International Payments Ltd (NIPL) has partnered with payments solutions provider, PayXpert to internationalise the acceptance of its payment solutions in the UK. UAE, Japan, the US, Singapore, Bhutan, Nepal and France are already accepting UPI payment services. NIPL is the wholly-owned subsidiary
UPI expands to UK, provides hassle-free digital transactions Read More »
Fintech startup XPay.Life, which claims to be India’s first blockchain-enabled transaction framework, on Friday launched its UPI services targeted at rural India, as it completes three years of operations. it also claims to be India’s first blockchain-enabled transaction framework. XPay.Life aims to make financial facilities accessible for people in rural areas who need financial support
XPay.Life launches UPI services targeted at rural India Read More »
RBL Bank has tied up with Amazon Web Services to offer UPI payments. The bank has partnered with Amazon Pay to offer peer-to-peer and peer-to-merchant transactions. With this integration, Amazon Pay will issue NPCI’s allocated UPI ID with the handle @rapl to RBL Bank. The partnership will allow the bank to tap Amazon Pay’s growing customer base and transaction volumes.
RBL Bank ties up with Amazon Pay to offer UPI payment services Read More »
ToneTag, sound-based proximity communication and payments service provider, has recently rolled out VoiceSe UPI digital payments for feature phone user, in partnership with NSDL Payments Bank and NPCI, under the guidance of RBI. Reserve Bank of India has launched the UPI 123Pay facility that enables UPI payments for feature phone users. ToneTag is a sound-based
