Monday, September 25, 2023

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UPI

“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.

‘Initiatives being taken to make UPI available on feature phones’, says RBI governor as number of UPI transactions cross 10 billion in August

RBI governor Shaktikanta Das has said that initiatives have been taken to make feature phones also operate the UPI payment system.

Mumbai police arrest one Abdul Rahman Hasanur from WB for extorting money using morphed pictures, was working under Bangladeshi handlers

West Bengal man arrested after demanding money from a Mumbai couple using morphed images of the wife

Modi in France: Five-year post-study work visa for Indian students, UPI agreement, and new consulate in Marseille

“Last time when I came to France, it was decided that Indian students studying in France would be given a 2-year post-study work visa. Now it has been decided that Indian students will be given a five-year post-study work visa," while speaking to the Indian community at La Seine Musicale in Paris.

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 and Russia explore the possibility of transactions using RuPay and Mir cards between the two countries

With the mutual adoption of RuPay and Mir cards Indian and Russian people would be able to make hassle-free payments in their respective nations in Indian rupees and Russian rubles.

NPCI says no extra burden on customers after introducing interchange fee on select UPI transactions, here is what you need to know

Interchange fee will only be applicable for certain specific transactions, and will be not applicable for bank-to-bank transfers and payments by customers

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

UPI and e-Sanjeevani are shining examples of power of Digital India, many countries drawn towards UPI: PM Modi in ‘Mann Ki Baat’ address

PM Modi remarked that the UPI (Unified Payments Interface) system and e-Sanjeevani App are shining examples of the power of Digital India

As India takes steps to fight the monopoly of ‘Big Tech’, foreign media targets it to claim surveillance and control

With India, which is practically one sixth of the humanity, steering its Atmanirbhar Bharat campaign at full throttle, it is time for every Indian to come together and stand tall and firm against every single of such attempts and prove our mettle.

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