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INTERNATIONALISATION OF UPI
Chanel for Chandigarh, Mango for Mangaluru: India’s luxury map shifts beyond metrosIndia's retail landscape is shifting as smaller Tier-2 cities are now attracting global brands and premium malls, outperforming larger metr...- RBI's Utkarsh 2.0 places focus on better serviceRBI's new plan places emphasis on improving customer service and financial inclusion, alongside efforts to strengthen market infrastructure...
- RBI unveils new measures for internationalisation of Indian RupeeThe Reserve Bank of India announced new steps to boost the Indian Rupee's global use. Banks will now lend Rupees to non-residents in Bhutan...
- FM Nirmala Sitharaman asks NPCI to address infrastructure gaps to prevent future disruption of UPIFinance Minister Nirmala Sitharaman urged stakeholders to address UPI infrastructure gaps, aiming for one billion daily transactions in 2-3...
- Reserve Bank of India rolls out steps to boost Rupee power overseasRBI now allows banks to open rupee accounts at overseas branches for non-residents to facilitate rupee internationalisation. These accounts...
- RBI allows foreigners to open rupee accounts in major moveThe Reserve Bank of India permits overseas branches of banks to open rupee accounts for non-residents, facilitating transactions and invest...
- Central bank digital currency won’t serve any special purpose, says SS MundraSS Mundra, former deputy governor of the RBI, doubted the central bank digital currency's effectiveness. He highlighted UPI's widespread us...
- CBDC's success doubtful, UPI already prevalent, says former RBI deputy governorUPI, on the other hand, is gaining currency by the day. The UPI transactions hit Rs 20.64 lakh crore in the month of July growing by 35% ye...
- Govt taking initiatives to expand UPI's global reach: Pankaj ChaudharyMinister of State for Finance Pankaj Chaudhary announced that the government and RBI are working to expand the global reach of UPI, which i...
- Digitalisation will help rupee become global: RBI reportThe Reserve Bank of India (RBI) highlighted in its annual report on Currency and Finance that digitalisation will accelerate the internatio...
- Pre-sanctioned credit lines on UPI will aid in accelerating transactions: UCO Bank's Ashwani KumarThe Reserve Bank of India's decision to allow banks to offer pre-sanctioned credit lines on the Unified Payments Interface (UPI) system wil...
- RBI looking to put more wholesale transactions under e-rupee ambit: SourcesThe Reserve Bank of India (RBI) plans to expand the use of its central bank digital currency (CBDC), known as e-rupee, for wholesale transa...
- India has potential to clock 100 billion UPI transactions a month: NPCI CEO Dilip AsbeDilip Asbe, chief executive officer and managing director of NPCI, said there are 350 million UPI users at present and pegged the growth op...
- RBI to map out bigger global play for local payments systemThe RBI's Payments Vision Document 2025 has already outlined expanding the global outreach of UPI and RuPay cards as one of the key objecti...
- India needs to internationalise payment products: RBI Governor Shaktikanta DasThe governor said with the Indian economy getting increasingly integrated with the global system, crossborder payments have assumed greater...
- Many countries keen on entering into collaboration for UPI linked payments: RBI governor Shaktikanta DasSince the launch of the UPI-Paynear collaboration 10 days ago, 120 inbound transactions from and 22 outbound transactions to Singapore have...
- CBDC to bring down time, cost for cross-border transactions: RBI Deputy GuvIn the Union Budget for 2022-23, the finance minister had said the RBI would roll out a digital equivalent to the rupee in the current fina...
- Digital currency to be launched as pilot project this year: RBI Deputy GovernorThe RBI, he informed, is trying to calibrate policy on digital payments as per the feedback being received from stakeholders. Highlighting ...
- UPI Expansion: Indian travellers to UK to enjoy hassle-free digital transactionsNIPL is the wholly-owned subsidiary of National Payments Corporation of India (NPCI) which developed the world's largest real-time payment ...
- PM Modi launches 3 Indian digital payment apps in SingaporeThe RuPay digital payments system was linked up with Singapore's 33-year-old Network for Electronic Transfers (NETS).
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