Tuesday, May 7, 2024

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UPI

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.

NRIs will be able to use UPI with their international phone numbers linked to NRE/NRO accounts, NPCI issues directions

NPCI has announced that NRE and NRO account holders with international mobile numbers will be able to use UPI

Navbharat Times journalist claims UPI and Digital payments not working anywhere in Gujarat except Ahmedabad, found to be false

Navbharat Times journalist Mithilesh Dhar Dubey makes false claim that UPI and digital payments do not work in Gujarat

CCI slaps fresh fine of Rs 936.44 crore on Google exploiting dominance, misusing Play Store policies to drive out competition

According to the findings of the CCI, Google is dominant in the market for licensable OS for smart mobile devices and app stores for Android smart mobile OS in India.

‘No consideration to levy charges on UPI services’: Clarifies Finance Ministry, says cost of service providers will be recovered through other means

Responding the media reports claiming that RBI is proposing to impose service charge on UPI, finance ministry said there is no such consideration

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