The move will enable fast and seamless payment mandates for IPO applications
RBI panel favours new structure for better supervision
In August, UPI volumes touched 1.61 billion transactions worth Rs 2.98 trillion, compared to 1.49 billion transactions in July worth Rs 2.9 trillion
Book review of Bridgital Nation: Solving Technologies People Problem
NPCI is said to be running a pilot on proximity payments through UPI, which can invalidate the need of PoS machines for card-based payments
Payments corp not following on cases of stuck payments and banks not upgrading capacity in line with volumes