Cross-border payments boost: India, EU begin phase to link UPI with TIPS; remittances to get cheaper
India’s UPI is set to connect with Europe’s instant payment system, TIPS, a significant step towards cheaper and faster cross-border remittances. This collaboration between RBI ...
Payment trends: Digital transactions surge but cash still remains king! Here’s what Indians are using to pay
Despite a surge in digital payments, cash continues to dominate nearly half of India’s transactions, particularly in rural areas. While retail payments are overwhelmingly digital, ...
Payment revolution! Facial recognition, fingerprints to soon authenticate UPI payments, Aadhaar biometric data to be used: Report
Get ready for a payment revolution! India’s UPI is set to introduce facial recognition and fingerprint authentication for transactions starting October 8th. This move, leveraging ...
Pay via UPI in Qatar! India expands digital payment network; here’s where you can use it
India’s Unified Payment Interface (UPI) has expanded its reach overseas with its launch at Lulu Group stores in Qatar, following its introduction at Hamad International ...
Use bank app to verify a/c balance: Kotak after UPI glitch
Kotak Bank has refuted reports of a customer seeing a 37-digit balance via a third-party UPI app, advising users to check balances on its official ...
‘If taxes are being imposed…’: Bengaluru street vendors want GST relaxation; notices received after UPI transactions crossed Rs 40 lakh
Karnataka’s small-scale traders are facing GST notices for UPI transactions exceeding ₹40 lakh, causing widespread apprehension. Vendors are abandoning digital payments, fearing hefty taxes and ...
UPI has surpassed Visa with 650m daily transactions: Amitabh Kant
Unified Payments Interface (UPI) has overtaken Visa to become the world’s leading real-time payment system, processing over 650 million daily transactions compared to Visa’s 639 ...
Small businesses go online: More than half of MSMEs prefer UPI transactions; women lead in Aadhaar banking
A PayNearby report reveals that many MSMEs in India favor UPI for transactions. About 48% prefer UPI, followed by Aadhaar-enabled banking at 39%. Women entrepreneurs ...
Online payment: UPI transactions get faster; time reduced from 30 seconds to 10
UPI payments are now significantly faster, with transaction times reduced to 10-15 seconds, thanks to a directive from NPCI. This improvement aims to enhance user ...
