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UPI
Setting up a gold SIP on PhonePe is a one-time, hassle-free process and all subsequent investments are completely automated
While the pilot is being conducted in five cities - Delhi, Bengaluru, Coimbatore, Bhopal and Shillong - ONDC is on course for a pan-India launch by August that will see it introduced across 100 cities
A digital currency is more of a fashionable trend and trends are for social media influencers, not governments
Chief operating officer of National Payments Corporation of India, Praveena Rai, had said the aim of RuPay was to serve the entire population. That's an ambitious goal. Let's understand what RuPay is.
The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.
The govt-backed open network for digital commerce (ONDC) was launched last week in select cities. Will it emerge as a challenger to the ecommerce giants? Will it benefit small sellers and the public?
Value of transactions doubled on YoY basis
The open network concept will not be restricted to the retail sector but will extend to mobility, food delivery, travel, among others
According to a report by the Ministry of Electronics & Information Technology, UPI has now become the most popular mode of payment
The company is giving away Rs 11 cashback up to three times by sending money to three different contacts via unified payments interface (UPI) on WhatsApp
Transactions through UPI are registering a rapid growth in India. And RBI's initiative to introduce it in feature phones is set to take it to another level. Watch our next report to know why
Recently, NPCI had clarified that it is not aware of any crypto exchanges using UPI after Coinbase, America's largest crypto exchange said it has tied up with UPI
Of the tad over 250,000 ATMs in India, nearly 35,000, or 14.58 per cent, are recyclers
In addition, the regulator has devised a new reporting format for capturing the data of all ASBA (Application Supported by Block Amount) applications unblocked by Self Certified Syndicate Banks
UPI will likely continue to dominate the digital payments space in the country, a study has said
Monthly volume of transactions has stagnated on the platform in the past six months, but value of transactions has doubled
Can consumers expect relief from further fuel price hike? Will green hydrogen fuel India's future? Should you bet on new-age tech stocks? What's on-device wallet for UPI transactions? All answers here
Regulator granted WhatsApp approval in November 2020 to go live on UPI in the multi-bank model in a graded manner.
The RBI has also proposed to allow interoperability in cardless cash withdrawal transactions at all banks and ATMs using the UPI facility