SEBI mulls mandatory UPI block facility for secondary market trading
SEBI says this process of trading in the secondary market through a UPI facility by blocking funds, by design, safeguards clients’ assets from misuse
SEBI says this process of trading in the secondary market through a UPI facility by blocking funds, by design, safeguards clients’ assets from misuse
Das says DPI, which includes frameworks like Aadhaar, UPI, and online bill payments, will make financial system work better
This new platform is expected to revolutionise India’s lending sector, much like the Unified Payments Interface (UPI) did for payments.
Other initiatives announced by RBI include new lending apps repository, and higher transaction limit and "delegated payments" in UPI
Digital highways can significantly improve productivity of private and public sectors alike.
UPI service launched ahead of the start of the Paris Olympics 2024 on July 26; NPCI also ties up with Network International in UAE
The app is set for a phased launch, initially available to just 100,000 users as part of a BETA version.
Shaktikanta Das says CBDC is interoperable -- with the same QR code, one can make UPI payments or CBDC payments
The apex bank also announces the inclusion of recurring payments for FASTag, NCMC; revises the limit of bulk deposits for SCBs, small finance banks, local area banks
The partnership between NPCI unit and Peru’s central bank to facilitate instant payments in the country and expand digital payments to its unbanked population