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India Business News: NEW DELHI: In an official statement, fintech company Paytm on Wednesday informed that it is actively collaborating with its banking partners to ensure.
SBI down on April 1: State Bank of India (SBI) has announced that the services of Internet Banking, Yono Lite, Yono Business Web & Mobile App, YONO, and UPI would be unavailable on April 1, 2024 due to Annual Closing.
An NPCI circular said that UPI members can go live with the UPI Tap and Pay functionality by January 31, 2024
Federal Bank integrates UPI Lite, an on-device wallet feature, into existing UPI apps, enabling users to make real-time small-value payments without a UPI PIN, alleviating stress on the core banking system
Federal Bank has launched unified payment interface (UPI) lite functionality for small value digital payments. UPI Lite functionality is an offline small value UPI payment method which can be used within specified transactional limits. However there is no requirement of installing a seperate app for UPI Lite as existing UPI apps supports this feature.