The Reserve Bank of India (RBI) has unveiled significant changes to the Unified Payments Interface (UPI), signaling a potential shift in the payments landscape. Continue reading “UPI Lite is getting up to Rs. 500 transaction limit, offline NFC payments”
The Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) have signed an MoU to promote innovation in financial products and services. Continue reading “RBI, UAE central bank sign MoU for CBDC transactions”
Prime Minister Narendra Modi and Singapore’s Lee Hsien Loong initiated a connection between India’s Unified Payments Interface (UPI) and Singapore’s PayNow, making India the first South Asian nation to have a real-time overseas payments link. This is a noteworthy development for India, which is the world’s largest remittance recipient. Continue reading “India and Singapore UPI-PayNow Cross-Border Payment System launched”
