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Shortly after RBI Deputy Governor’s announcement regarding the soon-to-launch digital currency, HDFC Bank commenced its service of CBDC interoperable QR codes.
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Shortly after RBI Deputy Governor’s announcement regarding the soon-to-launch digital currency, HDFC Bank commenced its service of CBDC interoperable QR codes.
Under the new UPI block facility, funds will remain in the client's account but will be blocked and only accessible to the clearing corporation
The introduction of the refund API, as well as check status and req complaint APIs, could also serve as a step further in reducing...
The fees will only apply to prepaid payment instruments such as wallets, gift cards, vouchers, etc and not regular UPI payments made directly from...
PhonePe announced that it now supports the UPI Lite feature, which allows users to make payments under Rs 200 from an on-device wallet
The success stories of UPI and ONDC are helping India imagine a new economic world order of digital infrastructure as a public good, the...
G7 countries are less willing to adopt India's digital public goods for a variety of reasons including pushback from payment giants Visa and Mastercard,...
March 2023 saw 8.65 billion UPI transactions with total value of Rs 14,04,950.59 Crores; PhonePay, Google Pay, and Paytm processed majority of them
The latest guidelines require UPI apps and merchants to brand their products and services in a way that highlights that UPI QR codes work...
National Payments Corporation of India, in a circular, announced that a fee of up to 1.1% will be applicable for UPI merchant transactions initiated using...
