UPI revolutionising digital space; linkage with RuPay game-changer: RBI report
India Finance Report 2023 by CAFRAL under the RBI shows how UPI has changed the digital payments landscape in India
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Jan Dhan accounts cross 50-crore mark
The average balance in PMJDY accounts is ₹4,076
RuPay's Rise Heats Up Payments
It faces a tough challenge though in breaking the bastion of foreign payment networks in both debit and credit cards.
MPC Meet: From RuPay prepaid forex card to expanding e-RUPI scope, here are measures announced by RBI
RBI widens of scope of framework for resolution of stressed assets, streamlines BBPS processes and membership criteria, and issues guidelines on default loss guarantee arrangement in digital lending
UPI to be used for 90% of retail digital payments by FY27: PwC
Credit card on UPI, int’l transactions for foreign inbound travellers and cross-border transactions on UPI, credit lines on UPI to benefit to ecosystem players, says report
RuPay, UPI India’s identity in world, says PM
PM Modi says India is being called the "bright spot" of the global economy, and that the benefits of the strength of its banking system should reach maximum people.
Cabinet okays ₹2,600 cr incentive to push RuPay debit cards, BHIM-UPI transactions
The incentive scheme for promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) in the financial year 2022-23 has a financial outlay of ₹2,600 crore.
India aiming for SOP on crypto during G20 presidency: FM
Finance Minister Nirmala Sitharaman says India wants to place the agenda on crypto before the G20 table for discussion and aim for a tech-driven regulatory framework.
India in talks with other nations to make RuPay, UPI, BHIM acceptable: FM
Nirmala Sitharaman says interoperability of these platforms gives strength to Indians' capabilities in those nations.
RBI hikes recurring payment limit; allows linking of credit cards to UPI
The Reserve Bank has proposed to allow linking of credit cards on the UPI platform starting with RuPay.
