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India, home to more than a billion people, is set to see a global expansion of the Unified Payment Interface, or UPI, which is the country's most widely used payment system. Find out more here.
This article discusses the concept of Smart Routing in UPI transactions. Smart Routing is a feature that improves the success rate of payments by rout
Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.
Unified Payment Interface (UPI) transactions soared to an all-time high of Rs 17.16 lakh crore in October with a 9 per cent increase from Rs 15.8 lakh crore in September this year, according to data.
Indian banks is likely providing incentives to encourage the use of the central bank's digital currency, known as the e-rupee, news agency Reuters reported citing sources. This initiative comes as a result of the RBI's encouragement to increase transaction volumes. These incentives include giving benefits such as cash-backs and reward points