Digital Payments

Digital Payments Utsav

February 9, 2023

The Digital Payments Utsav is to be launched by the Ministry of Electronics and Information Technology. The main objective of the event is to create awareness of digital payments. It is being conducted on the sidelines of the G20 meeting. ..

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Reserve Bank of India-Digital Payments Index

February 3, 2023

The RBI constructed the Digital Payments Index to learn about digital payments in the country. The index is calculated based on five parameters namely Payment Enablers, Consumer centricity, payment infrastructure on the demand side, and payment infrastructure on the supply ..

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BharatPe Gets Nod for ePayment Aggregator Licence

January 11, 2023

Fintech unicorn BharatPe recently announced that it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. The approval was granted to the company’s wholly-owned subsidiary, Resilient Innovations Private Ltd. This comes as ..

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RBI’s Launch of Utkarsh 2.0

January 2, 2023

The Reserve Bank of India (RBI) has launched Utkarsh 2.0, the second phase of its medium-term strategy for strengthening regulatory and supervisory mechanisms. Utkarsh 2.0 builds upon the foundation laid by Utkarsh 2022, which was launched in July 2019 and ..

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UPI Reaches Record High in December

January 2, 2023

India’s Unified Payments Interface (UPI) processed a record 7.82 billion transactions in December, worth a total of INR 12.82tn ($174.6bn). This represents an increase of 7.12% in volume and 7.73% in value compared to November. On a year-on-year basis, volume ..

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Geo-Tagging of Payment System Touch Points

March 28, 2022

The framework that is related to geo-tagging of payment system touch points has been released by the Reserve Bank of India (RBI). Overview: This framework has been created as a part of RBI’s objective of deepening digital payments along with ..

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