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
The share of UPI in digital payments in India has reached close to 80 per cent in 2023, informed Reserve Bank of India (RBI) Shaktikanta Das on Monday, as he outlined the growth of payments ecosystem in the country.
This announcement comes a week after Greek Prime Minister Kyriakos Mitsotakis visited India, where he, among others, had a bilateral meeting with his Indian counterpart Narendra Modi.
The integration is aimed at facilitating cross-border remittances between India and Nepal by enabling users of the two systems to make instant, low-cost fund transfers, the RBI said in a press release.
New Delhi [India], February 13: In today's rapidly evolving global economy, businesses require reliable and efficient payment solutions to flourish. Paybybd serves as your primary international payment aggregator, focusing on meeting the distinct requirements of businesses in India, Vietnam,
A key emphasis of the Indian government has been on ensuring that the benefits of UPI are not limited to India only, but other countries, too, benefit from it.
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