UPI

India-Singapore link Digital Payments UPI and PAYNOW

UPI is the mobile payment method in India. Similarly, PAYNOW is a mobile payment method in Singapore. The countries have planned to link these two mobile payment methods. The linking was done virtually inaugurated by the RBI Governor Shaktikanta Das ..

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MobiKwik launches UPI Payment with RuPay Credit Card

UPI allows users to use multiple bank accounts on the same platform. Till 2022, credit cards couldn’t be used on UPI. In June 2022, the Reserve Bank of India allowed linking credit cards with UPI. Following this, MobiKwik is the ..

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QR Code-based Coin Vending Machine

The machine was launched by the Reserve Bank of India. The apex bank finalized its decision of launching the machine during its recently held MPC meeting. The QR code is being introduced as fake currency notes are increasing in coin ..

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PhonePe launches cross-border transaction facility

The Phone Pe app was developed based on Unified Payments Interface. It is now owned by Flipkart (A subsidiary of a US Company called Walmart). The headquarters of Phone Pe is in Bengaluru. The app is available in eleven Indian ..

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Reserve Bank of India-Digital Payments Index

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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Five to Seven Countries Sign Up for adopting India Stack

India Stack is the collection of Application Peripheral Interfaces launched by the Government of India. This includes BHIM, Digilocker, UPI, and several other applications. According to a recent report from the IT Ministry around seven countries are to join India ..

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