Payments Vision 2025 is a framework to increase digital payments. RBI has come up with 10 innovations that it wants to implement in the next three years.
Allowing credit card payments on UPI is an unprecedented move by RBI. It might boost credit card usage, which is quite low in India.
Digital payments in India have witnessed a sharp increment in transactions in the financial year 2022, with transactions grown up from 44 billion in the previous fiscal year to around 72 billion.
40 Crore Feature Phone Users Can Make Digital Payments via UPI123Pay Without Requiring Any Internet Connection.
NIPL or NPCI International Payments Limited, the international branch of NPCI has partnered with Gateway Payment Services (GPS)…
Now e-RUPI voucher holders can withdraw the amount in small denominations until it’s fully redeemed.