RBI extends payment infrastructure scheme
India Business News: MUMBAI: The RBI has extended its Payment Infrastructure Development Fund (PIDF) scheme until December 31, 2025 and has expanded its scope.
Source: indiatimes.com
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Big update on PM Vishwakarma scheme! RBI joins govt in offering helping hand to artisans
The Payment Infrastructure Development Fund (PIDF) is a fund set up by the Reserve Bank of India (RBI), in consultation with major authorised card networks, to facilitate the development of payment acceptance infrastructure in tier-3 to tier-6 cities and the north-eastern states of India.
Source: businesstoday.in
Reserve Bank of India keeps key lending rate unchanged at 6.5 per cent for fourth consecutive time
The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022
Source: telegraphindia.com
Transaction in UPI, IMPS, Bharat Bill sees slowdown in growth rate
The latest bulletin of RBI showed that the growth rate in transactions in UPI, IMPS and Bharat Bill Payment System slowed down in January 2023 compared to the growth rate of the same month last year.
Source: livemint.com
Credit cards, starting with RuPay, can now be linked to UPI: RBI Governor Shaktikanta Das
He added that this will be aimed at providing additional convenience to users and enhancing the scope of digital payments.
Source: businesstoday.in