Highlighting country’s digital strides, Prime Minister Narendra Modi on Sunday said many countries of the world are drawn to India’s UPI. Addressing the 98th Edition of ‘Mann Ki Baat’ radio programme, PM Modi remarked that the UPI (Unified Payments Interface) system and e-Sanjeevani App are shining example of the power […]
UPI services to remain free, announces finance ministry
The Government of India won’t levy any charges on UPI (Unified Payments Interface) services. After reports circulated online that there may be the possibility of UPI transactions carrying a service charge, the finance ministry on Sunday denied the news. In a tweet, the finance ministry said that UPI would remain […]
India, Singapore to link UPI, PayNow for faster payments
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) have announced a project to link their fast payment systems — Unified Payments Interface (UPI) and PayNow. The linkage is targeted for operationalisation by July 2022. The UPI-PayNow linkage will enable users of each of the two fast payment systems to make instant, low-cost fund transfers on a reciprocal […]
Apple’s payment methods for app purchases now include UPI, RuPay, Net Banking
Apple has finally introduced three new payment modes for App Store and iTunes users in India. The new modes include United Payments Interface (UPI), RuPay, and Netbanking. According to Mashable, this move means that Apple users can now pay using domestic payment systems as well as international payment systems like credit […]