In a strategic move toward enhancing cross-border digital payments, LuLu Hypermarket Qatar has become the first major retail chain in the country to deploy Unified Payments Interface (UPI) acceptance across its stores.
In a major boost to cross-border digital payments, Indian users will now be able to use the Unified Payments Interface (UPI) to make payments internationally through PayPal.
At the heart of this transformation is the Unified Payments Interface, better known as UPI. Launched in 2016 by the National Payments Corporation of India, UPI has changed how people send and receive money in the country.
Unified Payments Interface (UPI), India's flagship digital payments system, continues to reshape the country's digital economy while also emerging as a tool of diplomatic outreach and international collaboration.
Prime Minister Narendra Modi's upcoming five-nation tour, beginning on July 2, will see significant advancements in India's bilateral relations with African nations of Ghana and Namibia, with discussions to include setting up of a vaccine hub in Ghana and the expansion of the Unified Paym
The claims that the government is considering levying Goods and Services Tax (GST) on UPI transactions over Rs 2,000 are completely false, misleading, and without any basis, said the Ministry of Finance in a statement Friday.
In a major push to digitize citizen services, Uganda is set to roll out an Aadhaar-like digital identification system based on India-developed open-source technology and is exploring the adoption of Unified Payments Interface (UPI) to cut down transaction costs across the economy.
In an interview with ANI, Rosemary Kisembo, CEO of Uganda's National Identification and Registration Authority (NIRA), confirmed that Uganda has fully customized the Modular Open-Source Identity Platform (MOSIP) to align with its domestic laws and will launch five modules--new registration,
The Payments Council of India (PCI), an industry body representing a diverse range of non-banking payment industry players, with 180 members, has submitted a formal letter to the Prime Minister Narendra Modi, seeking urgent reconsideration of the Zero Merchant Discount Rate (MDR) policy for
Despite a moderation in its Unified Payments Interface (UPI) market share, Paytm continues to hold a dominant position in the merchant payments business, with 85 per cent of its Gross Merchandise Value (GMV) coming from merchants. The company expects GMV to grow at a 24 per cent compound ann