The stage is set for a new era of growth fuelled by recent reforms and strategic initiatives of the government. Over the past decade, key reforms such as the Make in India initiative, the Unified Payments Interface (UPI), the Real Estate Regulatory Authority (RERA), the Insolvency and Ban
NPCI International Payments Limited (NIPL) has achieved a major milestone by surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-to-Merchant (P2M) transactions in Nepal, the NIPL said in a statement.
Payments through Unified Payments Interface (UPI) reported a 45 per cent yearly growth as per the data made available by the National Payment Corporation of India (NPCI).
India has so far signed MoUs with 10 countries for cooperation in the field of sharing of digital public infrastructure, Minister of State for Electronic and Information Technology, Jitin Prasada, informed Rajya Sabha in a written reply on Friday.
India's Unified Payments Interface (UPI) has expanded its footprint to the heart of Paris, with the flagship store of Galeries Lafayette on Haussmann Boulevard now accepting UPI payments.
As per a statement from the Reserve Bank of India (RBI), an agreement was signed by the BIS and the central banks of the founding countries -- Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and the RBI on Sunday (
Marking a strong turnaround, popular fintech brand Paytm said it is seeing early signs of recovery and strong stabilisation for its Unified Payments Interface (UPI) business.
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.