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
India Finance Report 2023 by CAFRAL under the RBI shows how UPI has changed the digital payments landscape in India
The average balance in PMJDY accounts is ₹4,076
It faces a tough challenge though in breaking the bastion of foreign payment networks in both debit and credit cards.
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
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
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.
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.
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.
Nirmala Sitharaman says interoperability of these platforms gives strength to Indians' capabilities in those nations.
The Reserve Bank has proposed to allow linking of credit cards on the UPI platform starting with RuPay.