Page 4 - Unified Payments Interface

CBDC more anonymous than traditional e-transactions: IDFC First Bank CEO

In CBDC, the core banking will have a one-time debit for currency purchase, but all subsequent transactions, which move from wallet to wallet

Future of technology going to be driven by India: UAE's AI minister

Though technology is driven from places such as Bengaluru, Al Olama said it is coming from the rest of the world as well

FM Sitharaman offers open source network India Stack to other countries

Separately on Thursday, at the G-20 meeting, Sitharaman called on her counterparts to work together from the current geopolitical risks from worsening

Can India's UPI system go global?

The National Payments Corporation of India's international unit has signed a string of deals over the past two years with foreign companies and central banks. Can the UPI become a global service?

Inclusive digitisation: G20 nations need to adopt inter-operable platforms

G-20 member nations must discuss all these issues irrespective of the conflict and arrive at certain principles to take the world forward

NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report

Banking regulator flags conflict of interest concern

UPI transactions touch a record Rs 11.17 trillion in September, shows data

On a year-on-year (YoY) basis, volume of transactions was up 85.55 per cent and value of transactions was up 70.61 per cent during the same period.

Dilip Asbe reappointed MD & CEO of NPCI for five years at firm's AGM

Asbe took over as MD&CEO of NPCI in Jan 2018. Prior to that, he was the firm's COO for close to 5 years

The big plastic bonanza: Credit cards business is booming like never before

Defying the after-effects of pandemic-related pay cuts and job losses, the credit cards business is booming like never before

Big Tech in financial system poses concentration risk: Shaktikanta Das

'Unbridled mushrooming of digital lending apps is a material concern'

ONDC and UPI together will reorder India's supply chain: Nandan Nilekani

Speaking at the Global Fintech Fest 2022, he said the supply chain will become far more efficient and will help reach products and services to everyone much more easily

Other nations showing interest in India's payment ecosystem: FM Sitharaman

India leading the way in building an inclusive financial world, she says

Data monetisation should have consumer consent: RBI deputy governor

Last month, the government withdrew the Personal Data Protection Bill from the Lok Sabha and IT Minister had said the Centre was hopeful of getting a new legislation passed by the next Budget Session

Banks in talks with Singapore's DBS to begin real-time remittance system

At least five Indian banks, including the State Bank of India and ICICI Bank, are in discussions with Singapore's DBS Bank to start a real-time remittance system using UPI as the backbone

Latest news LIVE: SC terminates CoA panel running AIFF over FIFA suspension

From the CBI's probe into Delhi Excise Policy, the deposal of top Amazon, Apple, Netflix, and other firms' executive before parliamentary panel to Covid news, catch all the live news updates here

RBI moots 'tiered' charge on payments through UPI, seeks public feedback

The RBI has asked for feedback and suggestions before October 3

Should there be charges on UPI fund transfers?

Will you be comfortable paying for your daily UPI transactions? This is one of the many questions that the RBI has asked from the public as it wants to help make this digital ecosystem sustainable.

UPI charges may partially offset loss on credit card MDR: RBI paper

UPI charges may partially offset loss on credit card MDR

UPI records 6 billion transactions in July, highest ever since 2016

UPI crossed 1 billion transactions for the first time in October 2019, almost three years after its launch

Wary of foreign duopoly in UPI, MPs to raise issue in Parliament

With the payments through various UPI apps fast becoming the norm of the day, regulators and even lawmakers are becoming wary of a strong duopoly in the market and that too of foreign-owned entities. As per the latest data from the National Payments Corporation of India (NPCI), which is pushing for capping the market share of each player at 30 per cent, there were more than five dozen UPI (Unified Payments Interface) apps registered in the country at the end of June 2022 and together they accounted for 5.8 billion transactions with a total value of over Rs 10 lakh crore during the month. However, the top-two players -- Walmart-owned PhonePe and Google's G-Pay -- accounted for more than 81 per cent of the total volume and nearly 84 per cent of the value. Adding PayTM, the share of the top-three players rose even further to 96 per cent. Amazon Pay, another foreign player, which generally figures in the top five, has also been seeking to expand its market aggressively but it commands