Unified Payment Interface
The 5th Asean-India Business Summit was held at the Berjaya Times Square Hotel in Kuala Lumpur on March 6 this year. The summit, part of the Asean-India Year of Friendship (an observation commemorating the 30-year-long engagement between the 10-member bloc ..
Category: Summits and Conferences
At the end of the recently held Monetary Policy Committee’s Meeting, RBI Governor announced that UPI’s capacity will be enhanced through the introduction of single block and multiple debits functionality, enabling the users to block funds in their accounts to ..
The international arm of the National Payment Corporation of India, NPCI International Payments Ltd (NIPL) has announced that across the UAE, BHIM UPI is live on NEOPAY terminals. Overview: This initiative will be empowering the millions of Indians who travel ..
A cardless cash withdrawal facility has been made available at all ATMs by the Reserve Bank of India (RBI). This facility will be made available via the Unified Payment Interface (UPI) irrespective of the bank. Overview: This decision was made ..
Payments solution provider Razorpay has partnered with Mastercard to launch ‘MandateHQ’. Key Points MandateHQ is a payment interface that will help card-issuing banks to enable recurring payments for customers. Razorpay aims to integrate MandateHQ with more than 50 banks in ..
Month: Current Affairs - July, 2021
The RBI is to introduce digital payment security control directions for regulated entities to improve the security of digital payment channels and also to improve the consumer service. This announcement comes after the central bank temporarily barred the largest private ..