President Pranab Mukherjee has given nod to change government of India
While interoperability already exists through UPI, KYC guidelines may need to be strengthened
With digital transactions gaining traction
Centre has launched a "massive drive" to promote payments through digital means, said Venkaiah Naidu
The upgraded version of UPI will have basic features such as ability to send or receive money, more
The decision has been taken to achieve the govt's mission of moving towards a cashless economy
There are about 1.5 million PoS terminals currently across merchants to facilitate card-based payments