Opinion | Business possibilities in a world of digital payments
4 years, 11 months ago

Opinion | Business possibilities in a world of digital payments

Live Mint  

Among the many travails being faced by our honourable finance minister Nirmala Sitharaman nowadays is the furore caused by her recent announcement of the zero merchant discount rate policy for payments through RuPay debit cards and Unified Payments Interface instruments. Critics of this policy lament that it would begin to reverse the progress India has made in recent years to expand the digital payments network. Last month, Google famously suggested to the US Federal Reserve Board that they consider setting up a real-time payments system modelled on India’s UPI. The Advanced Research Projects Agency Network, better known as Arpanet, was an early packet-switching network dating back to the late 1960s, which established the first ever computer-to-computer link using a protocol suite known as TCP/IP.

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History of this topic

Paytm leads India payments from disruption to monetisation: Bernstein
19 hours, 52 minutes ago

Paytm leads India payments from disruption to monetisation: Bernstein

India Today  

Brokerage firm Bernstein’s latest report positions Paytm as a leading player in India’s digital payments ecosystem. Assigning the company an "Outperform" rating with a target price of Rs 1,100, the report titled, ‘India Payments: From Disruption to Monetisation – Can Payments Be Profitable?’, highlights Paytm’s ability to monetise its core payments business despite the challenges posed by the zero-MDR environment. …

How much of your screen do you want to share?
1 week, 1 day ago

How much of your screen do you want to share?

Hindustan Times  

Lately, every year has been a dramatic year for personal tech. Microsoft’s Copilot Vision plans to use a Recall feature to take screenshots of your desktop at regular intervals Rapid action AI will evolve rapidly through 2025. “We’re leveraging generative AI to create a unique homepage for every shopper,” said Balu Chaturvedula, senior vice-president and country head at Walmart Global …

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users
1 week, 1 day ago

Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe and Google Pay users

India TV News  

The National Payment Corporation of India has decided to postpone its plan to implement a 30 percent cap on any individual app's share of transactions within the Unified Payments Interface. This recent development comes as a significant relief for PhonePe, backed by Walmart, and Google Pay, which together account for 85 percent of UPI transactions. NPCI, which is supported by …

PM Modi shares key highlights of Indias transformative achievements in 2024 | Check details
1 week, 2 days ago

PM Modi shares key highlights of Indias transformative achievements in 2024 | Check details

India TV News  

Prime Minister Narendra Modi, in a series of tweets marking the end of 2024, reflected on the significant strides made by India in various sectors over the past year. Rural development and empowerment Since the onset of Modi’s government in 2014, a key focus has been improving the lives of people in rural India. With 4G connectivity reaching over 6 …

Government lifts 100 million cap on WhatsApp Payment, allowing Meta to rollout service to all users in India
1 week, 2 days ago

Government lifts 100 million cap on WhatsApp Payment, allowing Meta to rollout service to all users in India

India Today  

India is home to WhatsApp’s largest user base of over 500 million people. The government, on Tuesday, has removed restrictions on the app’s payments service, WhatsApp Payment, which is a major win for parent company Meta. Initially capped at 40 million users in 2020 and later extended to 100 million in 2022, the cautious approach by NPCI reflected concerns over …

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows
Trending News
1 week, 3 days ago

India Likely To Log Over 171 Billion UPI Transactions In 2024, NPCI Data Shows

ABP News  

The Unified Payments Interface is estimated to surpass 171 billion transactions in 2024, official data from the National Payments Corporation of India revealed. The data showed that this represents a 45 per cent surge in the UPI transactions in the country, as against the 117 billion transactions recorded via UPI in 2023, reported Moneycontrol. On an average, the UPI platform …

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025
3 weeks, 1 day ago

NPCI's International Arm Plans To Expand UPI To 4-6 New Countries In 2025

ABP News  

NPCI International Payments, the entity tasked with expanding NPCI’s homegrown payment products globally, is working to extend the reach of the Unified Payments Interface to four to six additional countries in 2025, up from the current seven, according to Ritesh Shukla, CEO of NIPL. NIPL, a wholly-owned subsidiary of the National Payments Corporation of India, aims to launch UPI in …

’India’s success with UPI offers replicable model for other nations’
1 month ago

’India’s success with UPI offers replicable model for other nations’

Live Mint  

New Delhi, December 7 : India's success with UPI offers a replicable model for other nations, a paper written by noted experts asserted, arguing that how this indigenous fintech solution combined public digital infrastructure with open banking policies to reduce financial exclusion, foster innovation, and promote equitable economic growth. In regions with high UPI adoption, loans to new-to-credit borrowers grew …

UoH Professor Highlights Advantages of Digital Payments
1 month, 1 week ago

UoH Professor Highlights Advantages of Digital Payments

Deccan Chronicle  

Anantapur: Prof. Debashish Acharya from the School of Economics, University of Hyderabad, highlighted the RBI’s digital currency ecosystem at a national seminar on Digital Transformation and the Future of India’s Economy, organised by the Indian Council for Social Science Research at the Central University of Andhra Pradesh. In his keynote, Acharya discussed the advantages of digital payments over traditional cash, …

Mint Explainer: Does India's telecom sector need more reforms?
1 month, 1 week ago

Mint Explainer: Does India's telecom sector need more reforms?

Live Mint  

India's telecom sector is a critical pillar of the country’s digital economy. Major telecom operators, especially Bharti Airtel and Vodafone Idea, have been able to improve their financials with increased average revenue per user, consolidation within the sector, and a reduced need for competitive price cuts. These reforms were a turning point, aimed at providing relief to the cash-strapped telecom …

India at the Forefront of Digital Revolution: RBI’s Patra
1 month, 3 weeks ago

India at the Forefront of Digital Revolution: RBI’s Patra

Deccan Chronicle  

Mumbai: India is at the forefront of the digital revolution and financial technology is speeding up digital payments, the Reserve Bank of India Deputy Governor Michael Debabrata Patra said on Wednesday. Patra in his inaugural address at the DEPR Conference on 'Digital Technology, Productivity and Economic Growth in India' said that the country is uniquely positioned to unlock new growth …

Cyber-Secure India: A Collective Effort to Protect Citizens from Digital Crimes
2 months ago

Cyber-Secure India: A Collective Effort to Protect Citizens from Digital Crimes

Hindustan Times  

Cybersecurity is a top priority for the Indian government, with the country witnessing a surge in digital connectivity and a corresponding rise in cybercrimes. However, authorities have been proactive in safeguarding citizens from these threats, disconnecting fraudulent mobile connections and blocking over ₹2,400 crore in suspicious transactions. The government has also launched an indigenously developed International Incoming Spoofed Calls Prevention …

Digital Infrastructure: The Secret Weapon for India's Economic Ascent
2 months, 2 weeks ago

Digital Infrastructure: The Secret Weapon for India's Economic Ascent

The Hindu  

Finance Minister Nirmala Sitharaman emphasizes the crucial role of digital infrastructure in propelling India's economic growth. She highlights the widespread adoption of digital infrastructure by the Indian people, which has facilitated access to essential services and empowered millions to benefit from various opportunities. The Minister emphasizes the transformative impact of the Digital Public Infrastructure (DPI), which has democratized access to …

Transforming India's Economy: The Power of Digital Public Infrastructure
2 months, 2 weeks ago

Transforming India's Economy: The Power of Digital Public Infrastructure

Live Mint  

The article highlights the importance of digitalization in transforming India's economy. It emphasizes the role of open platforms and collaboration between the public and private sectors in building a robust digital infrastructure. The government's initiatives, such as the Unified Payments Interface (UPI) and the Open Network for Digital Commerce (ONDC), demonstrate the government's commitment to fostering a digital economy.

Cybersecurity vital for progress: Shah
3 months, 4 weeks ago

Cybersecurity vital for progress: Shah

New Indian Express  

Highlighting the ‘1930’ national cyber helpline telephone number, the home minister said there is an urgent need to popularise this as part of a special campaign, which is going to be launched by I4C from Wednesday to spread awareness about cybercrimes. Shah also stressed effective counter-measures against cybercrimes while asserting that the country’s development was “impossible in current times” without …

Thank digital tools for small businesses going formal on their own
3 months, 4 weeks ago

Thank digital tools for small businesses going formal on their own

Live Mint  

Despite all that has been said about the success of India’s digital transformation, questions are still being asked as to whether the digital public infrastructure we are so proud of actually reaches those who really need it. Doubts have still been expressed over whether these accounts are actually being used by those who need them or whether the exponential growth …

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re
4 months ago

India’s digital payments to grow threefold from 159 bn to 481 bn by FY29: PwC re

Live Mint  

- India's digital payments industry is witnessing a huge surge, with transaction volumes growing by 42 per cent year-on-year in FY 2023-24, according to a new report by PwC. In FY 2023-24, UPI saw an impressive 57 per cent YoY growth in transaction volume, surpassing 131 billion transactions. Growth trends The report estimates that by FY 2028-29, UPI transactions could …

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
5 months ago

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

The Hindu  

Google, PhonePe, Amazon Pay, Cred and Mobikwik are looking to join Indian central bank’s digital currency project by offering transactions in e-rupee, a digital alternative to the physical currency. The news comes as transactions using the digital currency reached over a million a day last year, however, they have declined ever since, to about 100,000-200,000 a day. However, in April …

Indian Banks Want Customers, But No Smartphones Please
5 months, 1 week ago

Indian Banks Want Customers, But No Smartphones Please

Live Mint  

-- In the past year, more than 600 Indian banks moved $2.5 trillion, or 80% of gross domestic product, between customer accounts. “Banks shall assign an additional 5% run-off factor for retail deposits which are enabled with internet and mobile banking,” the monetary authority said in a circular last week on liquidity standards. A bigger slice of low-risk, low-return assets …

Digital economy poised to be 20% of GDP by 2026: RBI report
5 months, 1 week ago

Digital economy poised to be 20% of GDP by 2026: RBI report

New Indian Express  

MUMBAI: The sweeping digitisation of the financial markets and payments system will drive the country’s digital economy, which currently accounts for a tenth of the GDP, and constitute a fifth or 20 percent of the GDP by 2026 says a report prepared by the Reserve Bank. Although internet penetration was at 55 percent in 2023, the internet user base has …

Digital penetration: 65% of transactions done online in small towns
5 months, 4 weeks ago

Digital penetration: 65% of transactions done online in small towns

New Indian Express  

BENGALURU: Digital payments have penetrated small towns, as 65% of their transactions are digital, compared to 75% in larger cities. Interestingly, DDPU surpasses retail potential in some cities, such as Lucknow, Patna, Bhopal, Jaipur, Bhubaneswar, Indore, Ahmedabad, and Pune, which have a high DDPU nearly matching that of larger metropolitan cities despite having a lower retail potential than the top …

Amazon Pay sees big opportunities in India’s small towns, offline payments
6 months ago

Amazon Pay sees big opportunities in India’s small towns, offline payments

Live Mint  

Amazon Pay India, the digital payments arm of e-commerce giant Amazon India, is focusing on penetrating deeper into offline payments this fiscal year, as it looks to introduce new payment methods and enhance safety and security, chief executive Vikas Bansal told Mint on Tuesday. Amazon Pay will offer a variety of payment options including Unified Payments Interface, credit cards and …

UPI transactions increasing in small towns in India but THIS age group still uses wallet, card
6 months ago

UPI transactions increasing in small towns in India but THIS age group still uses wallet, card

India TV News  

A new report revealed that approximately 65 percent of transactions by consumers in small-town India are now digital, while in larger cities, this ratio is around 75 percent. The report, conducted by Kearney India and Amazon Pay India, highlights the leading role of India's millennials and Gen X in spearheading the digital payment revolution. Shashwat Sharma, Partner and Financial Services …

Paytm’s market share Continues to fall after RBI crackdown
7 months ago

Paytm’s market share Continues to fall after RBI crackdown

Hindustan Times  

Paytm’s market share among India’s online payment apps, fell for a fourth straight month as the fintech pioneer struggles to recover from the Reserve Bank of India ordering its affiliate, Paytm Payments Bank to shut down, according to a Bloomberg report. Paytm Payments Bank isn’t actually controlled by Paytm, but is part of founder and CEO Vijay Shekhar Sharma’s fintech …

Tamil Nadu: 13 lakh more pay electricity bills online compared to 2023
7 months, 3 weeks ago

Tamil Nadu: 13 lakh more pay electricity bills online compared to 2023

New Indian Express  

CHENNAI: Year on year, the state is marking a sharp increase in the number of consumers making their electricity bill payment online, according to the data accessed by TNIE from Tamil Nadu Generation and Distribution Corporation. A senior Tangedco official told TNIE, “Out of the total 3.5 crore consumers, which include domestic users, commercial establishments, and industries, Tangedco collects payment …

Banks rely on AI as digital transactions grow, and methodology of frauds evolves
8 months ago

Banks rely on AI as digital transactions grow, and methodology of frauds evolves

Hindustan Times  

India’s digital transactions continue to see rapid growth, and that translates to big volumes. On April 24, the Reserve Bank of India barred Kotak Bank from issuing new credit cards for now, due to “the absence of a robust IT infrastructure and IT Risk Management framework.” It draws on a mix of factors, including reliability of the bank’s infrastructure alongside …

The UPI paradox: Making you overspend but helping others save
8 months ago

The UPI paradox: Making you overspend but helping others save

India Today  

A small UPI code peeks out of the green coconuts heaped on Yuvraj Yadav's handcart outside a park in Delhi's GK-1. "A significant majority, 74.2% of the respondents, admitted to experiencing increased spending after adopting UPI," Dhruv Kumar, Assistant Professor of IIIT Delhi, tells IndiaToday.In. "Academic research suggests that paying with cash makes people spend more consciously than using digital …

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging
8 months, 2 weeks ago

Tech Tonic | The gaps in India’s digital payments ecosystem need plugging

Hindustan Times  

There is little doubt that Indians are spending more than ever before. You cannot use your credit card or debit card for subscriptions and recurring payments on the Apple App Store or the Google Play Store, be it for any app or service. Then there was a pursuit of getting RuPay credit cards aboard the UPI or unified payments interface. …

India plans to curb Google, PhonePe’s dominance in mobile payments: Report
8 months, 3 weeks ago

India plans to curb Google, PhonePe’s dominance in mobile payments: Report

The Hindu  

India’s governing body overseeing the country’s Unified Payments Interface mobile payments system is set to engage with fintech startups to develop a strategy to address the growing market dominance of companies including PhonePe and Google pay in the UPI ecosystem. The National Payments Corporation of India plans to meet executives from companies including CRED, Flipkart, Fampay, and Amazon to discuss …

The impact of technology on finance: Enhancing experiences and safety
8 months, 4 weeks ago

The impact of technology on finance: Enhancing experiences and safety

Hindustan Times  

The proliferation of financial technology and digital banking services has revolutionised the financial landscape, making access to finance more convenient and inclusive. The prominence of fintech platforms and the increasing digitalisation of banks have democratised financial services, expanding access beyond metropolitan cities. There is a significant increase in instances of fraudsters posing as employees of fintech platforms, attempting to obtain …

Setting the rules in disputes over apps
10 months ago

Setting the rules in disputes over apps

Hindustan Times  

Last week, Google delisted the apps of 10 Indian businesses from its proprietary app store. This incident, which saw some apps relisted after mediated discussions, highlights the need for a thoughtful resolution of business disputes in the digital economy, increasingly contested on the notion of “fairness”. The margins-led fight between apps and their distributors has many analogues, such as telecom …

India excels in AI, but lags in adopting basic broadband and internet
10 months, 2 weeks ago

India excels in AI, but lags in adopting basic broadband and internet

New Indian Express  

As Gartner’s Hype Cycle would suggest, many of these technologies are in the innovation trigger phase and are likely to be adopted only by innovators in the country. India’s progress in digital payment India has made remarkable progress on the use of digital payments, especially in the public sector. Data from the World Bank’s Findex Survey shows that digitally delivered …

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in
11 months ago

Paytm crisis: India’s Paytm crackdown spooks retailers; Walmart, Google swoop in

The Hindu  

Hit by a regulatory crackdown, India's Paytm is mobilising its sales team to reassure the merchants who use its app to accept digital payments just as Walmart and Google are targeting those same vendors with their rival offerings. But many merchants are now refusing to deal with Paytm after India's central bank last week asked its banking unit - which …

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth
11 months, 1 week ago

Pandemic to Prosperity: Finance Ministry's Report Says India's Digital Infra Empowers Citizens, Fuels Growth

News 18  

The Ministry of Finance’s recently released report, ‘The Indian Economy – A Review’, has lauded India’s digital transformation, highlighting the success of the Digital Public Infrastructure and its significant role in delivering services with a citizen-centric focus. The report noted that as the pandemic disrupted economic activities, the government responded swiftly, leveraging the strength of digital public infrastructure, commonly known …

Harmonizing Horizons: Unravelling Digital Lending Regulations in a Global Context
11 months, 3 weeks ago

Harmonizing Horizons: Unravelling Digital Lending Regulations in a Global Context

Live Law  

Driven by technical improvements and improved internet access, digital lending is on the rise in India with the goal of improving financial inclusion. The Consumer Financial Protection Bureau plays a pivotal role in enforcing federal consumer protection laws, recently issuing guidelines tailored for digital lending platforms. United Kingdom Within the United Kingdom, oversight of digital lending platforms falls under the …

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?
1 year ago

CoWIN Breach, Apple Alerts: What Was It Like Living in Digital India in 2023?

The Quint  

Flip-flop on laptop, tablet imports: Initially, the central government placed imports of laptops, tablets, all-in-one personal computers, and ultra-small form factor computers, and servers under the ‘restricted’ category, making their imports permissible only under a valid licence. Apple retail stores in India: In April, CEO Tim Cook made his way to India to launch the first Apple retail stores in …

India’s Growth Story is Linked to Progress Made on Digitisation and Its Access
1 year ago

India’s Growth Story is Linked to Progress Made on Digitisation and Its Access

The Quint  

The committee on Deepening Digital Payments constituted by the RBI in 2019 under the chairmanship of Nandan Nilekani had recommended that market forces should drive transaction prices for the inclusion of small startups and incentivising innovation. It underlined that while banks have a role in contributing to the payment system, the government and the RBI should also share the cost …

Google bets on digital payments to tap India's vast SME sector
1 year ago

Google bets on digital payments to tap India's vast SME sector

Live Mint  

Google is betting on digital payments and wants to tap into the SME sector in India. Sanjay Gupta, country head and vice president of Google India, in an conversation with Mint, outlined the company's future direction and revenue models. I joined Google four years back, and this is one of the most exciting times in India. In the last three …

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar
1 year, 1 month ago

Digital economy to contribute 20% of India’s GDP by 2026: Union Minister Rajeev Chandrasekhar

India TV News  

Gandhinagar: Union minister Rajeev Chandrasekhar on Thursday said that the digital economy will contribute 20 per cent of India's gross domestic product by 2026. Rajeev Chandrasekhar on digital economy "In 2014, the digital economy was around 4.5 per cent of the GDP and today it is 11 per cent. India has now become fastest-growing digital economy The Union Minister asserted …

‘Pay… Paid’: How India plans to put paid to frauds adding delay to first-time digital payments of over Rs 2,000
1 year, 1 month ago

‘Pay… Paid’: How India plans to put paid to frauds adding delay to first-time digital payments of over Rs 2,000

Firstpost  

In order to curb scams that use online transactions, the government of India is thinking of ways to add some friction bewteen first time transactions between two parties, if the amount is over Rs 2,000 The government of India is planning to add friction in the way first-time online transitions are done between two parties, in order to combat online …

How the Digital India Act will shape the future of the country’s cyber landscape
1 year, 3 months ago

How the Digital India Act will shape the future of the country’s cyber landscape

The Hindu  

October 09, 2023 08:30 am | Updated 08:30 am IST Nations worldwide are grappling with the need to update their legal frameworks to adapt to the evolving digital landscape. The recent announcement of the Digital India Act 2023 represents a significant step towards establishing a future-ready legal framework for the country’s burgeoning digital ecosystem. The primary motivation behind the DIA …

WhatsApp adds rival in-app payment options in India commerce push
1 year, 3 months ago

WhatsApp adds rival in-app payment options in India commerce push

The Hindu  

WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market. People shopping on WhatsApp could also pay using popular services like Alphabet Inc’s Google Pay, Paytm and Walmart’s PhonePe but only after …

World Bank Praises India's Digital Public Infrastructures
1 year, 4 months ago

World Bank Praises India's Digital Public Infrastructures

Deccan Chronicle  

New Delhi: Lauding India’s Digital Public Infrastructures approach, the World Bank has stated that India has achieved in just six years under the Narendra Modi-led government what would have otherwise taken about five decades. "In just six years, India has catapulted its financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults, according to …

'Five decade journey in 6 years': World Bank lauds India's Digital Payments Infrastructure
1 year, 4 months ago

'Five decade journey in 6 years': World Bank lauds India's Digital Payments Infrastructure

Op India  

On Friday, September 8, the World Bank heaped praises on India’s Digital Payments Infrastructure in view of its transformative impact on India under the Narendra Modi government. Excerpt from World Bank’s G20 GFPI document UPI- India’s popular retail digital payment option Moreover, the document stated that the Unified Payments Interface is India’s mobile-based quick payment system that allows users to …

G20: World Bank Lauds India's Transformative Impact Of Digital Public Infra
1 year, 4 months ago

G20: World Bank Lauds India's Transformative Impact Of Digital Public Infra

ABP News  

The World Bank has praised India's transformative impact of Digital Public Infrastructures in the past decade under the Narendra Modi-led government. Prime Minister Narendra Modi on Friday tweeted about the World Bank’s G20 document where the global agency lauded India’s leap in financial inclusion. This monumental leap shortened the journey towards financial inclusion by up to 47 years, a feat …

G20: ‘India has done in 6 years what would take 50’: World Bank lauds India’s digital public infrastructure
1 year, 4 months ago

G20: ‘India has done in 6 years what would take 50’: World Bank lauds India’s digital public infrastructure

Firstpost  

India has developed some of the finest digital public goods infrastructure which could change lives the world over. Lauding India’s Digital Public Infrastructure, the World Bank has said that what the country has achieved in just six years would have otherwise taken about five decades. Highlighted the key measures taken by the Modi government in shaping the Digital Public Infrastructure …

World Bank lauds India's digital infra impact: 'Five-decade journey in 6 years'
1 year, 4 months ago

World Bank lauds India's digital infra impact: 'Five-decade journey in 6 years'

Hindustan Times  

The World Bank has lauded the transformative impact of Digital Public Infrastructures in India in the past decade under the Narendra Modi-led government. The document, prepared by the World Bank as part of the G20 Global Partnership for Financial Inclusion, highlighted the measures taken by the Modi government and the pivotal role of government policy and regulation in shaping the …

Innovative partnership aims to extend offline CBDC Payments in India via feature phones
1 year, 4 months ago

Innovative partnership aims to extend offline CBDC Payments in India via feature phones

India TV News  

IDEMIA, a global leader in identity technology and biometric solutions, has joined forces with Airtel Payments Bank, a subsidiary of Bharti Airtel, and HMD Global, known for Nokia Phones, in order to reach the offline Central Bank Digital Currency payments in the country. Offline CBDC Payments This strategic partnership aims to introduce an advanced offline payment system enabling the use …

NPCI unveils a suite of digital-payment products
1 year, 4 months ago

NPCI unveils a suite of digital-payment products

The Hindu  

National Payments Corporation of India, the developer of UPI, has unveiled several new products — Credit Line on UPI, UPI LITE X and Tap & Pay, Hello! UPI - Conversational Payments on UPI, BillPay Connect - Conversational Bill Payments — with an aim to create an inclusive, resilient, and sustainable digital payments ecosystem. While Credit Line on UPI would enable …

Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:
1 year, 4 months ago

Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:

ABP News  

In a recent keynote address at the G20 TechSprint Finale, Reserve Bank of India Governor Shaktikanta Das drew attention to the challenges surrounding cross-border payments, emphasising the issues of high costs and slow transaction speeds. Das indicated that the central bank digital currency — dubbed Digital Rupee — instant-settlement feature could offer a viable solution to these challenges. Despite advancements …

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