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UPI accounts not operational stand to get de-activated from Jan 1 onwards

The process of deactivation will be done by the third-party application providers and PSP which will identify UPI IDs and associated UPI numbers and phone numbers of customers who have not carried out any transaction for one year from their UPI ID.
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Digital Payments Revolution Boosts E-Commerce Opportunities in Saudi Arabia

For an extended period, the Saudi Arabian economy predominantly relied on cash, stemming from a culture rich in traditional local markets and negotiations. This preference, once reinforced by a lack of trust in banking systems and the absence of regulatory frameworks for online transactions, is rapidly evolving. With two-thirds of the kingdom’s population being under the age of 35, and the country ranking third globally in smartphone usage, Saudi Arabia is undergoing a swift transformation in ...
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Source: aawsat.com

Major changes in UPI 2023: Increase in transaction limits, UPI Lite X, NPS contributions, other big changes made

With more and more people using the Unified Payments Interface (UPI) to make payments, the Reserve Bank of India (RBI) announced various user-friendly measures during the year 2023. Here is a look at some of the important changes made to UPI during the year.
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