Payments through digital means in India are hitting fresh highs, as its citizens are increasingly adopting the emerging modes of transacting on the internet.
The National Payments Corporation of India (NPCI) has on Thursday approved One97 Communications Limited (OCL), which operates popular fintech company Paytm, to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model.
"If you look at the projects of our development partnership, it is anchored first and foremost on the priorities of the receiving countries," said FS Kwatra while addressing a special briefing on President Murmu's Mauritius visit.
Going ahead with its digital transformation for greater customer convenience, J&K Bank on Tuesday rolled out the enhanced features of its mobile banking application along with Sound Box for QR Code, UPI add-on features, doorstep banking app for business correspondents and online car-loan
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.
Nepali Ambassador to India, Shankar Sharma, appreciated the new guidelines of the Reserve Bank of India, which allow multiple financial services between the citizens of India and Nepal.
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.
Mumbai (Maharashtra) [India], February 28: NPST, India's leading banking and payment services provider, announced it has secured a contract for its Online Dispute Resolution (ODR) solution from DCB Bank, the country's leading private sector bank. In line with its commitment to build trust-ba
New Delhi [India], February 27: Today, modern customers want speed and hassle-free options in everything they do, including banking and payments. This is where the Unified Payment Interface (UPI) technology comes into the picture. UPI enables you to carry your bank in your pocket, enabling y
New Delhi [India], February 24: Innovation is at the heart of India's tech growth story. Over the past decade, we have witnessed a shift towards building products and solutions not just for the Indian market, but for the global stage. There's a growing focus on solving complex problems in ar
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel for continued UPI operation of the Paytm app.
India has developed some of the finest digital public goods infrastructure, which could change lives the world over. India has taken the path of building public digital infrastructure for serving citizens and UPI, and Jan Dhan, Aadhar, CoWin and ONDC are some of the examples.