According to Invest India, with 881 million users, India has the 2nd largest Internet user-base globally, and set to become the 3rd largest online retail market by 2030.
Popular fintech company Paytm is actively collaborating with its banking partners to ensure a smooth transition to its new Unified Payments Interface (UPI) platform for merchants and consumers alike.
Mumbai (Maharashtra) [India], April 24: Digital payments in India is undergoing a big shift, with the Unified Payments Interface (UPI) emerging as the preferred mode of transaction. According to data released by the National Payments Corporation of India (NPCI), UPI witnessed an approximate
Taking India's digital boom beyond the four corners of the country in a bid to revolutionise cross-border financial transactions, Prime Minister Narendra Modi, along with his Mauritian counterpart Pravind Kumar Jugnauth and Sri Lankan President Ranil Wickremesinghe, participated in the vi
"Great to see this - it marks a significant step towards taking UPI global. This is a wonderful example of encouraging digital payments and fostering stronger ties," said PM Modi in a post on X.
The Unified Payments Interface (UPI) has been formally launched at the Eiffel Tower in Paris, the Indian Embassy in France said on Friday and termed it as part of Prime Minister Narendra Modi's "vision of taking UPI global." The UPI was formally launched at the Republic Day reception held
The Unified Payments Interface (UPI) is India's mobile-based fast payment system, which facilitates customers to make round-the-clock payments instantly using a Virtual Payment Address (VPA) created by the customer.
This MoU will facilitate the users of both countries, which would be as seamless as a domestic transaction using a beneficiary identifier (mobile number / VPA).
A key emphasis of Indian government has been on ensuring that the benefits of UPI are not limited to India only, but other countries, too, benefit from it.
NPCI International Payments Limited (NIPL) CEO Ritesh Shukla said he thinks that it will take about three to four months for Unified Payments Interface (UPI) to go live in France.