UPI Provided Credit Access To Poor, Fuelled Equitable Growth: Study | Technology News

India’s Unified Payments Interface (UPI) has succeeded in increasing financial inclusion and promoting equitable economic growth by enabling underserved groups, including subprime and new-to-credit borrowers to access formal credit for the first time, according to a new study by IIM and ISB professors.  The authors said that the success of UPI can be replicated in […]

ABHISEK RAJPUT

December 8, 2024

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Make UPI Payments Without Internet: Here’s Your Step-by-Step Guide | Technology News

New Delhi: As India moves towards a cashless economy, online payments have become a vital part of daily life. UPI transactions are leading the way. However, for digital payments  to work smoothly we must have a reliable internet connection. But sometimes, poor connectivity can get in the way which makes it difficult to complete online […]

ABHISEK RAJPUT

September 23, 2024

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75% Of Users Say They’ll Stop Using UPI If THIS Happens: Find Out The Reason Here | Technology News

New Delhi: Around 75 per cent UPI users will stop using it if any transaction charge is levied on the service, a survey by Localcircles said on Sunday. The survey found that 38 per cent of users make over 50 per cent of their payment transactions via UPI instead of debit, credit or any other […]

ABHISEK RAJPUT

September 22, 2024

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UPI Transaction Limit Changing From Sept 16; Check Eligibility And New Transaction Limit For Various Payments | Personal Finance News

UPI Transaction Limit: The National Payments Corporation of India (NPCI) has increased the transaction limit for tax payments using UPI to help millions of taxpayers in the country. Now, individuals will be able to use the Unified Payments Interface (UPI) to pay taxes up to Rs 5 lakh per transaction from tomorrow Sept 16.  Alignment […]

ABHISEK RAJPUT

September 15, 2024

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India’s Credit Card Market Set to Double, Reaching 200 Million By FY28-29: PwC Report | Economy News

India Credit Card Market: The number of credit cards in India is expected to reach 200 million with a CAGR of 15 per cent, highlighted a report by PwC.The report stated that the credit card industry has experienced significant expansion, doubling the number of credit cards issued over the past five years.  This momentum is […]

ABHISEK RAJPUT

September 4, 2024

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New Credit Card Rules On UPI For RuPay Users, Effective From September 1; Check Benefits | Personal Finance News

New Credit Card Rules On UPI: The National Payments Corporation of India (NPCI) has directed all banks issuing RuPay credit cards to make an upgrade in the rewards points, features, and benefits on UPI transactions.  Notably, RuPay credit cardholders will experience an upgrade from today September 1. However, the decision will aim to standardise the […]

ABHISEK RAJPUT

September 1, 2024

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UPI Likely To Grow Further In Several Countries: RBI Governor | Economy News

New Delhi: Reserve Bank of India Governor Shaktikanta Das said he is optimistic that the Unified Payments Interface (UPI) will grow further in several countries. Das, who is on a five-day visit to the state, said UPI is already present in many countries through QR codes and the linkage of fast payment systems, and discussions […]

ABHISEK RAJPUT

August 31, 2024

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UPI Processed Rs 81 Lakh Cr Worth Transactions In April-July, Up 37 Per Cent YoY | Economy News

New Delhi: Surpassing the world’s leading digital payments platforms, India’s Unified Payments Interface (UPI) processed nearly Rs 81 lakh crore transactions in the April-July period this year, which is a staggering 37 per cent increase (year-on-year). According to latest data by global payments hub Paysecure, UPI processed 3,729.1 transactions per second — a 58 per […]

ABHISEK RAJPUT

August 31, 2024

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New UPI Feature Launched: Deposit Cash At ATMs With UPI—No Debit Card Needed | Personal Finance News

New Delhi: Customers can now deposit cash at ATMs using any UPI app, eliminating the need for debit or physical cards. This new UPI Interoperable Cash Deposit (UPI-ICD) feature was introduced by T. Rabi Shankar, the Deputy Governor of the Reserve Bank of India, during the Global Fintech Fest (GFF) 2024 in Mumbai on August […]

ABHISEK RAJPUT

August 30, 2024

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Private US Banks Can Embrace India’s UPI For Faster Digital Payments, Says Fed Reserve Governor | Personal Finance News

Mumbai: As the Unified Payments Interface (UPI) goes global, the US private banks might explore connecting with India’s unique digital payments solution, Federal Reserve Governor Christopher Waller said here on Wednesday, adding that cross-border payment interlinking is one of the key areas outlined in the G20 roadmap.  Speaking at the ‘Global Fintech Fest’ in the […]

ABHISEK RAJPUT

August 28, 2024

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All About Unified Lending Interface That RBI Is Planning To Launch –Will It Be Similar To UPI? | Personal Finance News

New Delhi: The Reserve Bank has announced that it will launch Unified Lending Interface (ULI), a platform to ensure a smooth credit flow, particularly for smaller and rural borrowers. According to RBI Governor Shaktikanta Das, the ULI will revolutionize the financing landscape in India. The ULI is anticipated to be launched nationally in due course. […]

ABHISEK RAJPUT

August 27, 2024

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UPI Booster: Withdraw Money Instantly, Up To Rs 1 Lakh On The Same Day, From Stock Market On INDmoney | Personal Finance News

Mumbai: Money management startup INDmoney on Thursday announced UPI-based instant withdrawals for investors from their stock trading accounts on its platform.  The feature enables users to withdraw their funds into their savings accounts instantly, even if they are trading on the same day, addressing a key problem for stock investors while boosting liquidity by ensuring […]

ABHISEK RAJPUT

August 22, 2024

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