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Latest Articles in UPI
UPI To Fuel Indian e-commerce With $150 Bn By 2026 As Cash Transactions Decline: Report
The study identifies UPI plays a key role in helping e-commerce account-to-account (A2A) payments grow to USD 12 billion, with a projected growth rate of 53 per cent from 2021 to 2026
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Union Budget Wish List For The Indian Fintech Sector
Growth has been a 365X24 hours agenda for a nation on the road to becoming a USD 10 trillion economy. Therefore, my budget wish list may not be limited to the budget day but can unveil over the next few months
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UPI Touches A Record High Of 782 Crore Transactions In December, Reveals Data
The government of India has been aiming for paperless payment since the government first introduced demonetisation in 2016
Read MoreRBI Introduces Single-Block-And-Multiple-Debit Functionality In UPI
RBI Governor Shaktikanta Das said after publicising the bi-monthly policy review. “It has been decided to introduce a single-block- and-multiple-debit functionality in UPI, which will significantly enhance the ease of making payments in e-commerce space and towards investments in securities"
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India Logs 20.5 Bn Transactions, Rs 36.08 Tn In Digital Payments During Q2 2022
In Q2 2022, UPI clocked over 17.4 billion transactions in volume and Rs 30.4 trillion in terms of value
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NPCI Extends Deadline To Cap Share Of Digital Payment Transactions By 2 Years
The NPCI had said in late 2020 that payment firms will not be allowed to process more than 30 per cent of the total volume of transactions on UPI from Jan 1
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TWTW Weekly Wrap Up: 13-19 Nov
"Quantum computing will play a crucial role in speeding up technologies to achieve net zero and accelerating drug research, enabling a better enabled future with tech." — Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra
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‘With ONDC Everybody Has A Digital Channel To Sell’
Does ONDC intend to be an enabler more than anything else? Or does it expect to impact the bigger picture of supply chain in India? Can it become the next UPI? BW Businessworld caught up with T. Koshy (CEO at ONDC) to know more
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76% Indians Prefer UPI During Online Checkouts: Report
According to NPCI data, there were 6.78 billion UPI transactions worth Rs 11,16,438 crore in September alone
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Indians In Europe Will Soon Be Able To Pay Via UPI
The possibility of UPI is expected to result in a multitude of customer-related merchant benefits due to an increase in footfall and spending from Indian tourists
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India Clocked 20.57 Bn Transactions In Q2 2022: Report
During this period, UPI P2P accounted for 49 per cent in volume and 67 per cent in value but in terms of merchants transactions
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BharatPe Achieves $20 Bn In Annualised Payments TPV
The company’s annualised TPV has risen from USD 18.5 billion in June end to USD 20 billion currently
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Pension Fund Body Enables UPI Payment For Pension Contributions
Subscribers of National Pension System (NPS) and Atal Pension Yojana (APY) are allowed to deposit their voluntary contributions under Direct Remit (D-Remit) into Tier I/II through net banking account by using IMPS/NEFT/RTGS
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Wary Of Foreign Duopoly In UPI, MPs To Raise Issue In Parliament
The top two players have been commanding more than 80 per cent market share together for a long time now, an MP pointed out citing the NPCI data
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IndusInd Bank Partners With NPCI To Offer Cross-border Payments Via UPI
With this initiative, IndusInd Bank has become the first Indian bank to go live on UPI for Cross Border Payments/NRI remittances. The MTOs will use its channel to connect with NPCI’s UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.
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