Page 36 - Upi

Payment gateways avoid powering crypto exchanges given RBI reservations

Recently, NPCI had clarified that it is not aware of any crypto exchanges using UPI after Coinbase, America's largest crypto exchange said it has tied up with UPI

Card-less cash withdrawals at ATMs may burden banks with additional costs

Of the tad over 250,000 ATMs in India, nearly 35,000, or 14.58 per cent, are recyclers

Sebi streamlines payment process through UPI for IPO allotment

In addition, the regulator has devised a new reporting format for capturing the data of all ASBA (Application Supported by Block Amount) applications unblocked by Self Certified Syndicate Banks

UPI to stay on top; digital currency to drive payments in next 5 years

UPI will likely continue to dominate the digital payments space in the country, a study has said

WhatsApp to bet big on payments in India after NPCI nod for 100 mn users

Monthly volume of transactions has stagnated on the platform in the past six months, but value of transactions has doubled

TMS Ep150: Inflation, green hydrogen, new-age tech stocks, on-device wallet

Can consumers expect relief from further fuel price hike? Will green hydrogen fuel India's future? Should you bet on new-age tech stocks? What's on-device wallet for UPI transactions? All answers here

NPCI eases cap on WhatsApp payments service to expand to 100 mn users

Regulator granted WhatsApp approval in November 2020 to go live on UPI in the multi-bank model in a graded manner.

RBI policy statement: Revisiting the saga of 'The Bold and The Beautiful'

The RBI has also proposed to allow interoperability in cardless cash withdrawal transactions at all banks and ATMs using the UPI facility

Monetary policy review: Soon, withdraw cash from any ATM using UPI

This is expected to enhance ease of transactions and eliminate frauds at the same time

Mapping India's digital transactions: Cashless, but still card dependent

UPI transactions grew faster than credit or debit card transactions, but growth in average transaction size was still considerably lower than debit and credit card usage

Reserve Bank of India nod to banks to open digital banking units

The banking regulator has mandated minimum products and services that banks must offer in these DBUs

Coinbase is in India for the long-term: CEO Brian Armstrong

Announces UPI-backed crypto trading for Indian users

Retail investors can use UPI for up to Rs 5 lakh payment in public issues

The new guidelines will come into force for public issues opening on or after May 1, 2022, Sebi said in a circular

After a sprint, a pause for breath

2021 not only saw record funding creating a third of the country's unicorns, but also the first major listings, providing new valuation anchors

UPI processes 5 bn transactions in March, gets set for new record

The platform's target is to process a billion transactions a day in the next three to five years.

Nepal adopts UPI developed by India for digital transactions

Nepal has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition.

NPCI launches on-device wallet feature for UPI users for small transactions

Initially, UPI Lite will process transactions for NPCI wallet in near offline mode i.e., debit offline and credit online.

UPI open architecture limits fintech growth in other fin services: Moody's

Despite their dominance, fintechs do not have exclusive access to transaction data on the UPI as banks play a critical role in executing UPI transactions

Mapping India's digital transactions

UPI is set to grow bigger now, after the RBI introduced it in feature phones. Other digital transaction platforms are growing as well. Find out the changing landscape of virtual transactions

Statsguru: From UPI to IMPS, mapping digital transactions in India

Wallets have also made a comeback, with rising transaction volumes