The popularity of Unified Payments Interface (UPI) is increasing rapidly. Transactions through UPI increased by about eight percent in December to about 16.73 billion. According to data from National Payments Corporation of India (NPCI), about 15.48 billion transactions were done through UPI in November. The total value of transactions through UPI in December was approximately…
Unified Payments Interface (UPI) services will be available to all users of the popular instant messaging platform WhatsApp. National Payments Corporation of India (NPCI) on Tuesday removed the limit on adding UPI users on WhatsApp Pay. With this, all the users of WhatsApp in the country will be able to get these payment services. before…
The scope of stringent sanctions imposed on Russia by many Western countries may increase. Recently Russia had told that it is using Bitcoin for international payments. Due to the attack on Ukraine, it is facing strict restrictions. Ukraine has said that it will ban Russia’s use of Bitcoin for international trade. Recently Bitcoin had created…
Trading of cryptocurrencies has increased rapidly in the last few years. Russia is among the major countries mining Bitcoin, the most popular cryptocurrency in this market. However, due to high electricity consumption, Russia has imposed a six-year ban on crypto mining in 10 regions. Russian news agency Tass Report It has been reported that from…
The segment of cryptocurrencies has grown rapidly in the country in the last few years. Many firms in this segment have also been accused of irregularities. Some big crypto exchanges have been caught evading Goods and Services Tax (GST) worth more than Rs 824 crore. These exchanges include Binance, WazirX, CoinDCX and CoinSwitch. The Finance…
The digital payments segment has grown rapidly in the last few years. Central Bank Digital Currency (CBDC) eRupee is being trialled in India. For this, Reserve Bank of India (RBI) has added many banks. However, RBI says that it will not be in any hurry regarding this. The trial of e-Rupee was started about two…
Major telecom companies of the country have warned that from November 1, customers may face major disruptions in receiving transaction alerts and service updates. The Telecom Regulatory Authority of India (TRAI) introduced new rules in August. Under these rules, it will be necessary to trace the source of all messages. Its purpose was to increase…
Payment services firm Paytm has said that it has received permission to enroll new Unified Payment Interface (UPI) users. National Payments Corporation of India (NPCI) has given green signal to Paytm for this. A few months ago, the banking unit of Paytm was banned by the Reserve Bank of India (RBI). The reason for this…
The banks of the country have given some employee benefits in December through digital rupees. This has made it easier for the Reserve Bank of India (RBI) to meet its target of 10 lakh transactions per day by the end of last year. Central Bank Digital Currency (CBDC) or e-Rupee has been created through distributed…
The use of Unified Payment Interface (UPI) service has increased rapidly in the last few years in the country. It is expanding abroad also. In this series, UPI service will be launched in Sri Lanka and Mauritius on Monday. Along with this, RuPay card service will also be introduced in Mauritius. On the occasion of…
