In what is a first-of-its-kind collaboration with another country, India and Singapore on Tuesday linked their respective online payments systems -- Unified Payments Interface (UPI) of India and PayNow of Singapore -- for seamless cross-border transactions between the two countries.
The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances.
Raut's remark came two days after Election Commission allocated the party name "Shiv Sena" and the symbol "bow and arrow" to Maharashtra CM Eknath Shinde-led faction.
"If you look at our cashless transactions, the UPI, I think we record the largest number of cashless transactions in the world. So there's been a kind of a technology leapfrogging in the psyche of people, and that's been actually a very big difference," Jaishankar said at the Raisina@Sydn
New Delhi [India], February 16 (ANI/NewsReach): Since the outset of digital innovations and advancements, the success, reach, and ease of online payments have been known globally for quite some time. And, India tops the world in terms of digital payments today. With over 70 billion transacti
Designed by the National Payments Corporation of India (NPCI), UPI LITE was launched by the Reserve Bank of India in September 2022. It also de-clutters the bank passbook of small value transactions, as these payments would now only show in the Paytm balance and history section, and not in t
The All India Bar Association (AIBA) on Tuesday congratulated the Income-tax Department for going through BBC's documents to check irregularities relating to international taxation and Tax Deducted at Source transactions.
New Delhi [India], February 14 (ANI/PNN): In a world where digital transactions are becoming increasingly prevalent, it's hard to imagine that large segments of the population are still left out. But in India, that's precisely the case, with 61 per cent of the country's citizens living in ru
Mumbai (Maharashtra) [India], February 9 (ANI/NewsVoir): Today, ConsenSys, a market-leading Web3 company, announced that MetaMask, the world's leading Web3 wallet, will integrate with Onramp.money, powered by India's largest exchange - Bitbns, in a move that will allow Indian users to easily
Bangalore (Karnataka)/ Mumbai (Maharashtra) [India], February 7 (ANI/PRNewswire): Fraud management has become a massive headache for banks and fintechs worldwide. As digital payments become more popular, projected to grow 12 per cent, reaching USD 14.8 trillion by 2027, payment frauds are a
While setting aside the order of the Chief Information Commissioner (CIC), the Delhi High court recently said that the information relating to money laundering business, hawala money transactions, acts of tax evasion and smuggling activities do not relate to corruption or human rights violat
Chandigarh [India], January 30 (ANI/PNN): ReelStar, a leading global community based social media platform is spearheading the sphere of entertainment fused with technology in the region organized an exclusive gala night aimed at creating awareness about their upcoming app platform which was