Universal Payment Interface News Today

Lawyer Rahul Mattha argues that India’s model offers avoids the pitfalls of the hands-off approach of the United States and the regulatory intensive European model, offering a powerful “third way” developed and developing countries alike can follow | Latest News India

An update on an ambitious digital ID project for financial inclusion in Africa while experts from the Global South called for more funding.

In India, investment in digital public infrastructure (DPI) has transformed how the country does business and how its citizens interact with their government. DPI, or rails on which easy-to-use digital products and services can be built to benefit entire populations, has the potential to quietly remake entire economies through digital means in both the developing and developed world. However, to be successful, governments and businesses need to coordinate on how to invest in, build, and run this...

The UPI is part of what is generally referred to as India’s digital stack, a combination of the country’s digital public infrastructure architecture.

Twenty years ago, when a consumer bought groceries or consumer durables in India, he either paid cash or gave a cheque or a Demand Draft to the merchant. Today, he has multiple payment options. He can make the payment by scanning a QR (quick response) code or transfer money to the merchant using his phone number; he can swipe or wave a credit or debit card through the Point of

The Ukraine crisis has intensified the ongoing debate on the neutrality of technology companies. From Alphabet (parent company of Google) to Adobe; Apple to Meta, and Intel to YouTube, many big technology firms have announced plans of leaving Russia in the wake of its invasion of Ukraine. Without dwelling on the merits or demerits of such a move and the moral aspect attached

The paper-based NID is being gradually replaced by biometric and microchip embedded Smart ID cards since 2016. But limited personally identifiable information (PII) and lack of remote/digital authentication are the main shortcomings of the existing NID/smart card which prevents us from using it as a Digital ID