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The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI).
Our most popular payment interface, UPI is set to launch Tap-to-Pay feature by 31 January this year. Find out how the NFC enabled feature means for its users.
From uber rides, and electricity bills to phone recharges, people have been extensively using this payment mode.
UPI safety update: Fake SMS, WhatsApp messages have become the most viable tools to carry out online fraud.
UPI in France: The National Payments Corporation of India International on Thursday signed a memorandum of understanding (MoU) with Lycra Network of France. According to this MoU, Indians can soon be able to pay with their UPI or RuPay card in France. This will be beneficial for Indian students or travelers. Get more India News and Business News on Zee Business.