Rbi Launches Upi
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Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
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RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
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SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
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Canara Bank Rolls Out CBDC App Interoperable With UPI, Users Highlight Issues
Canara Bank has launched an app to process eRupee payments between select customers and retailers. The launch of this app this week, makes Canara Bank the first mainstream Indian lender to have created a special platform to initiate CBDC payments as India marches forward with its eRupee trials.
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UPI-PayNow Integration for Cross-Border Payments: 5 Points on What the System Aims to Achieve
The Reserve Bank of India on Wednesday announced the launch of the UPI-PayNow integration to allow for faster, cheaper cross-border money transfers between Singapore and India. Here are five quick points on the newly announced integration.
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India, Singapore to Link Digital Payments Systems UPI, PayNow for Cross-Border Transactions: All Details
India and Singapore are set to link their digital payments systems UPI and PayNow for easier cross-border transactions. The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances.Â
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RBI Proposes Allowing All Inbound Travellers to Use UPI for Merchant Payments in India
The RBI has proposed permitting all inbound travellers to use the unified payments interface (UPI) for merchant payments in India, RBI Governor Shaktikanta Das said on Wednesday. UPI payments for inbound passengers will be extended to travellers from G20 countries arriving at select international airports, he added.
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RBI to Launch Pilot Project for QR Code-Based Coin Vending Machines Using UPI in 12 Cities
RBI Governor Shaktikanta Das announced on Wednesday that a pilot project for a QR code-based coin vending machine would be launched by the central bank in 12 cities. Instead of tendering banknotes, these vending machines will dispense coins while debiting a customer's account using UPI.
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UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
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Coinbase CEO Says RBI's "Informal Pressure" For Halting Trading In India
The crypto exchange stopped its operations only three days after its launch in India.
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RBI Governor Shaktikanta Das Launches ‘123Pay’ UPI Service for Over 40 Crore Feature Phone Users
RBI Governor Shaktikanta Das launched a new service, which will enable over 40 crore feature phone users to undertake digital payments in a secure way.
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RBI Launches Instant Payment System "UPI 123PAY", Helpline For DigiSaathi
RBI Governor Shaktikanta Das: Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday launched an instant payment system "UPI 123PAY" for feature phone users.
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UPI-Based Payments Products To Be Launched For Feature Phone Users: RBI
India has a large mobile phone consumer base of about 118 crore users (TRAI, October 2021). Of this, a significant number of users are still on feature phones.
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WhatsApp Pay to Be Rolled Out in More Countries in Next 6 Months, Says Facebook CEO Mark Zuckerberg
Despite a delay in launching WhatsApp pay in India owing to data compliance issues, Facebook CEO Mark Zuckerberg has said that the peer-to-peer, UPI-based payments feature will be rolled out in several countries in the next six months.
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Xiaomi Mi Pay UPI-Based Payment Platform Coming to India Soon, Awaiting RBI Licence Approval: Report
Xiaomi is currently awaiting licence approval from the Reserve Bank of India (RBI) and will look to tie up with several private lending firms in the country.
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Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
-
RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
-
SBI Introduces UPI Interoperability With eRupee CBDC for Seamless Transactions
The State Bank of India (SBI) announced it has implemented Unified Payments Interface (UPI) interoperability in Digital Rupee, also called as Central Bank Digital Currency (CBDC).
-
Canara Bank Rolls Out CBDC App Interoperable With UPI, Users Highlight Issues
Canara Bank has launched an app to process eRupee payments between select customers and retailers. The launch of this app this week, makes Canara Bank the first mainstream Indian lender to have created a special platform to initiate CBDC payments as India marches forward with its eRupee trials.
-
UPI-PayNow Integration for Cross-Border Payments: 5 Points on What the System Aims to Achieve
The Reserve Bank of India on Wednesday announced the launch of the UPI-PayNow integration to allow for faster, cheaper cross-border money transfers between Singapore and India. Here are five quick points on the newly announced integration.
-
India, Singapore to Link Digital Payments Systems UPI, PayNow for Cross-Border Transactions: All Details
India and Singapore are set to link their digital payments systems UPI and PayNow for easier cross-border transactions. The linkage of these two payment systems of both countries would enable residents of both countries to the faster and more cost-efficient transfer of cross-border remittances.Â
-
RBI Proposes Allowing All Inbound Travellers to Use UPI for Merchant Payments in India
The RBI has proposed permitting all inbound travellers to use the unified payments interface (UPI) for merchant payments in India, RBI Governor Shaktikanta Das said on Wednesday. UPI payments for inbound passengers will be extended to travellers from G20 countries arriving at select international airports, he added.
-
RBI to Launch Pilot Project for QR Code-Based Coin Vending Machines Using UPI in 12 Cities
RBI Governor Shaktikanta Das announced on Wednesday that a pilot project for a QR code-based coin vending machine would be launched by the central bank in 12 cities. Instead of tendering banknotes, these vending machines will dispense coins while debiting a customer's account using UPI.
-
UPI Lite Launched for Offline Transactions Alongside UPI on RuPay Credit Cards, BBPS Cross-Border Payments
The Reserve Bank of India (RBI) launched UPI Lite for feature phones on Tuesday, allowing Indian users to enable offline transactions for a small amount limit. The on-device wallet was launched by RBI Governor Shaktikanta Das alongside the unveiling of UPI on RuPay credit cards enabling of Bharat Bill Pay System (BBPS) for cross-border bill payment...
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Coinbase CEO Says RBI's "Informal Pressure" For Halting Trading In India
The crypto exchange stopped its operations only three days after its launch in India.
-
RBI Governor Shaktikanta Das Launches ‘123Pay’ UPI Service for Over 40 Crore Feature Phone Users
RBI Governor Shaktikanta Das launched a new service, which will enable over 40 crore feature phone users to undertake digital payments in a secure way.
-
RBI Launches Instant Payment System "UPI 123PAY", Helpline For DigiSaathi
RBI Governor Shaktikanta Das: Reserve Bank of India (RBI) Governor Shaktikanta Das on Tuesday launched an instant payment system "UPI 123PAY" for feature phone users.
-
UPI-Based Payments Products To Be Launched For Feature Phone Users: RBI
India has a large mobile phone consumer base of about 118 crore users (TRAI, October 2021). Of this, a significant number of users are still on feature phones.
-
WhatsApp Pay to Be Rolled Out in More Countries in Next 6 Months, Says Facebook CEO Mark Zuckerberg
Despite a delay in launching WhatsApp pay in India owing to data compliance issues, Facebook CEO Mark Zuckerberg has said that the peer-to-peer, UPI-based payments feature will be rolled out in several countries in the next six months.
-
Xiaomi Mi Pay UPI-Based Payment Platform Coming to India Soon, Awaiting RBI Licence Approval: Report
Xiaomi is currently awaiting licence approval from the Reserve Bank of India (RBI) and will look to tie up with several private lending firms in the country.
