Peru to adopt UPI tech, becomes first South American country to do so
In January 2024, NPCI announced the launch of the UPI-PayNow linkage that enables Indians to receive remittances directly into their bank accounts from Singapore and vice-versa
In January 2024, NPCI announced the launch of the UPI-PayNow linkage that enables Indians to receive remittances directly into their bank accounts from Singapore and vice-versa
The company is now considering seeking for a license to operate on the Unified Payments Interface (UPI), which is a widely used public digital payments network in India
This includes improving accessibility, affordability and connectivity with both domestic and international payment networks, and interoperability
Growth in transactions of UPI, IMPS, and BBPS came in at a slower pace in both volume and value terms on year-on-year basis
The clarification came amid some reports that there may be possibility of UPI transactions charge
The entity is in discussions primarily with public sector card companies like SBI Card, PNB Cards and Union Bank