Page 5 - Unified Payments Interface
As RBI rings in changes, here is why SBI Cards is the darling of analysts
SBI Cards' market share in terms of the number of credit cards has moderated by around 10 basis points to 19.1 per cent
 "As RBI rings in changes, here is why SBI Cards is the darling of analysts")
UPI payment fraud: Here are safety measures to protect your money
The boom in UPI transactions has also led to a rise in the number of online frauds
 "UPI payment fraud: Here are safety measures to protect your money")
How credit card route to UPI may come at a price for merchants
Smaller merchants can be subsidised to make it work
 "How credit card route to UPI may come at a price for merchants")
RBI allows credit cards to be linked to UPI; marks shift from 'pay now'
Initially, home-grown card network Rupay Credit cards will be linked with UPI
 "RBI allows credit cards to be linked to UPI; marks shift from 'pay now'")
Fintech for every merchant
Fintech firms have created an ecosystem of trust and supportiveness for merchants, by helping them with creative solutions and innovative products
Central banks and the rule of law
In a constitutional democracy, the RBI is bound by the law to focus on its core mandate
 "Central banks and the rule of law")
India should take caution in introducing CBDC, says NCAER report
The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.
 "India should take caution in introducing CBDC, says NCAER report")
Decoded: How ONDC plans to level e-commerce playing field in India
The open network concept will not be restricted to the retail sector but will extend to mobility, food delivery, travel, among others
 "Decoded: How ONDC plans to level e-commerce playing field in India")
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
 "Payment gateways avoid powering crypto exchanges given RBI reservations")
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
 "Card-less cash withdrawals at ATMs may burden banks with additional costs")
UPI most preferred payment mode among consumers with 56% share: study
That said, cards are still dominating the merchant acceptance payments ecosystem, with 26% market share by volume, 53% by value
 "UPI most preferred payment mode among consumers with 56% share: study")
UPI transactions likely to touch Rs 100 trillion soon: Shaktikanta Das
RBI launches UPI for 400 mn feature phone users to widen digital payment reach
 "UPI transactions likely to touch Rs 100 trillion soon: Shaktikanta Das")
Nepal to become first country to deploy India's UPI platform
Also, it will enable real-time cross-border P2P remittances between Nepal and India. Nepal becomes the first country outside India to adopt UPI
 "Nepal to become first country to deploy India's UPI platform")
India's next UPI moment can be Open Network Digital Commerce: Piyush Goyal
ONDC will help the common man get access-new age technology at affordable costs
 "India's next UPI moment can be Open Network Digital Commerce: Piyush Goyal")
UPI AutoPay e-mandates jump 32% to 6 million in December, shows data
The AutoPay platform of UPI is also being touted as the pillar for its next phase of growth
 "UPI AutoPay e-mandates jump 32% to 6 million in December, shows data")
UPI faced downtime for several hours on Sunday due to technical glitch
Sources said, UPI was operational after 5 PM on Sunday. There were multiple level hardware failures which is why UPI faced downtime
 "UPI faced downtime for several hours on Sunday due to technical glitch")
Welcome financial inclusion
UPI upgrade can bring mobility to household savings
RBI and Singapore central bank to link payment systems by July 2022
The RBI and MAS hope to complete the linkage by July 2022 "on a reciprocal basis without a need (for users) to get onboarded onto the other payment system".
 "RBI and Singapore central bank to link payment systems by July 2022")
India and Singapore to link their digital payment systems, says RBI
The linkage will be reciprocal and won't need users to get "onboarded" onto either payment system.
 "India and Singapore to link their digital payment systems, says RBI")
Sebi streamlines IPO application process, issues new guidelines
The market regulator identified key issues plaguing the UPI payment process and issued operational guidelines to address them
 "Sebi streamlines IPO application process, issues new guidelines")
