Sunday, July 14, 2024

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Digital payments

UPI to be launched in Sri Lanka and Mauritius by PM Modi, president Wickremesinghe and PM Jugnauth, RuPay card too be inaugurated in Mauritius

PM Modi, Sri Lankan President and PM of Mauritius will witness the launch of Unified Payment Interface (UPI) in Sri Lanka and Mauritius, as well as RuPay card services in Mauritius.

From Swachh Bharat to the promotion of Digital payments and Vocal For Local, here is what PM Modi appealed in his address at YouTube...

During his address, PM Modi made an appeal to the YouTube community to join forces and empower mass movement with three key priorities - Swachh Bharat, promotion of Digital payments, and vocal for local.

“Five decade journey in six years”: World Bank lauds India’s Digital Payment Infrastructure

The GPFI document, prepared in anticipation of the G20 Summit hosted by India, noted the significant steps taken by the Narendra Modi-led government and the pivotal role of government policies and regulations in shaping the DPI landscape.

India tops world ranking in digital payments, records 89.5 Billion transactions in 2022

Second, on the list is Brazil which accounted for 29.2 billion transactions followed by China with 17.6 billion transactions. On number 4 is Thailand with 16.5 billion digital transactions followed by South Korea with 8 billion transactions.

India’s digital payments market will grow to USD 10 trillion by 2026: Report by Boston Consulting Group and PhonePe

A report by Boston Consulting Group and PhonePe says that India's digital payment market will rise over 3 times in 3 years to reach $10 trillion in 2026

Argentina seeks Indian cooperation on currency swap issues, developing software for digital payments

During the meeting, Sitharaman also stated that India would take forth the momentum created by Argentina during its Presidency on infrastructure priorities, including spending on cities of tomorrow.

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