UPI Transfers Are Coming Back On CoinSwitch, For Your Bitcoin And Crypto Coin Purchases
3 years, 6 months ago

UPI Transfers Are Coming Back On CoinSwitch, For Your Bitcoin And Crypto Coin Purchases

News 18  

There is some good news in store for cryptocurrency investors who are using the CoinSwitch Kuber platform for buying and selling Bitcoin or crypto coins. This comes after weeks of trouble for cryptocurrency trading apps, which saw the unavailability of UPI as a money transfer method and limited support from banks in India, which also saw Paytm Bank withdrawing support from apps including CoinSwitch, WazirX and ZebPay. The addition of UPI payments comes after CoinSwitch made the switch to IDFC Bank for money transfers to the in-app wallet, following Paytm Bank withdrawing banking services support. CoinSwitch at this time now offers bank transfer and UPI as methods to add money to the in-app wallet for buying crypto coins. Earlier, CoinSwitch which used the Paytm Bank services for money transfers using bank accounts, had to switch to IDFC Bank after Paytm Bank announced that they’ll be withdrawing banking services from cryptocurrency apps.

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History of this topic

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED
1 year, 8 months ago

What's Changing With UPI Merchant Transactions from April 1? EXPLAINED

News 18  

National Payments Corporation of India on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments. NPCI has permitted the PPI wallets to be part of interoperable UPI ecosystem and levied 1.1 per cent charge on unified payment interface transactions above Rs 2,000 while using PPI. “The interchange charges introduced are …

UPI123Pay: Payment solution for feature phone users
2 years, 9 months ago

UPI123Pay: Payment solution for feature phone users

The Hindu  

The story so far: On March 8, the Reserve Bank of India launched a new Unified Payments Interface payments solution for feature phone users dubbed ‘UPI123Pay’. The new UPI-based service is designed to bring the digital payments platform closer to a significant number of feature phone mobile subscribers in the country, which is estimated to be more than 40 crore. …

What is UPI and How it Facilitates Instant Money Transfer
3 years, 11 months ago

What is UPI and How it Facilitates Instant Money Transfer

News 18  

Unified Payments Interface is an application to facilitate instant inter-bank transactions. Developed by National Payments Corporation of India, UPI is a real-time payment system that is regulated by the Reserve Bank of India. UPI allows instant money transfer between two bank accounts from your mobile device. One must have a bank account with the member bank and mobile number must …

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