Page 11 - Payments Interface News Today

Growing at a steady pace, UPI transactions are likely to reach 1 billion per day by 2026-27, accounting for 90 per cent of the retail digital payments in the country, said a PwC India report.

Paytm Founder Vijay Shekhar Sharma has said it will be humbling to see Japans Paytm-powered PayPay to soon be enabled for our home users after Japans Minister for Digital Transformation Taro Kono said that the island country is seriously thinking about joining the Indian UPI payments system.

National Payments Corporation of India (NPCI) is exploring options for further tie-ups to strengthen the global acceptability of RuPay debit cards. Currently, RuPay cards are accepted at the points of sale (PoS) machine powered by Discover of the US, Diners Club, JCB of Japan, Pulse and Union Pay

This needs to be strengthened, and NPCI is working in this direction so that users of RuPay cards are at par with those using Visa or Mastercard, sources said.

N March 2012, RuPay went global by tying up with Discover Financial Services to bring international services to Indians

Currently, RuPay cards are accepted at the points of sale machines powered by Discover of the US, Diners Club, JCB of Japan, Pulse and Union Pay of China.

Currently, RuPay cards are accepted at the points of sale (PoS) machine powered by Discover of the US, Diners Club, JCB of Japan, Pulse and Union Pay of China.

Earlier this year, the Union Cabinet approved a scheme worth Rs 2,600 crore for the promotion of RuPay debit cards and low-value BHIM-UPI transactions.

CRED-owned Happay has reduced its workforce by approximately 35%, sources privy to the development informed Inc42

Earlier this year, the Union Cabinet approved a scheme worth Rs 2,600 crore for the promotion of RuPay debit cards and low-value BHIM-UPI transactions.