India
⚠️India 🇮🇳: Reintroduction of UPI Market Share Limits Postponed by 2 Years Paid Members Public
⚠️India 🇮🇳: Reintroduction of UPI Market Share Limits Postponed by 2 Years The initial limit, introduced in November 2020, mandates that payment platforms cannot process more than 30% of total UPI transaction volumes. (UPI, or Unified Payments Interface, is a cornerstone of India's financial ecosystem). ➡️ The regulator has decided
🐘 India 🇮🇳: The Central Bank (RBI) Expands Instant Cross-Border Payments Platform Paid Members Public
🐘 India 🇮🇳: The Central Bank (RBI) Expands Instant Cross-Border Payments Platform New integrations across Asia and the Middle East will prioritize using CBDCs (Central Bank Digital Currencies) as the primary payment mechanism. This marks a shift, as CBDCs in India have so far been limited to bank-to-bank solutions, with no focus
🐘 The Reserve Bank of India (RBI) 🇮🇳 makes changes to KYC rules Paid Members Public
🐘 The Reserve Bank of India (RBI) 🇮🇳 makes changes to KYC rules The new changes are expected to make it easier and faster for customers to open accounts by simply updating their personal information. Additionally, financial institutions will gain more efficient and secure access to this data. ➡️ No longer necessary for
💸 Binance and the Police Paid Members Public
💸 Binance and the Police Binance provided analytical support to the police in India 🇮🇳, aiding in the dismantling of a fraudulent organization known as "M/s Goldcoat Solar". Binance is also a regular collaborator with authorities in Hong Kong 🇭🇰 and Macau🇲🇴 for similar investigations. ➡️ The operation led to the
🐘 India 🇮🇳: Cashfree Payments + UPI = increased conversion with the UPI Switch system Paid Members Public
🐘 India 🇮🇳: Cashfree Payments + UPI = increased conversion with the UPI Switch system The solution facilitates integration between major banking systems and the Unified Payments Interface (UPI) infrastructure, ensuring reliable and efficient transaction processing. ➡️ UPI Switch is already certified by the National Payments Corporation of India (NPCI). ➡️ It supports several UPI payment
🐘 India🇮🇳: The Central Bank increases transaction limits for "UPI 123 Pay" and "UPI Lite" wallets Paid Members Public
🐘 India🇮🇳: The Central Bank increases transaction limits for "UPI 123 Pay" and "UPI Lite" wallets The Reserve Bank of India (RBI) is promoting broader adoption of the Unified Payments Interface (UPI). ➡️ The transaction limit for UPI 123 Pay has been raised from 5,000 to 10,
⚡️India🇮🇳: Worldline India publishes its report on UPI usage in the first half of 2024 Paid Members Public
⚡️India🇮🇳: Worldline India publishes its report on UPI usage in the first half of 2024 Here are some key insights: 🔤 UPI (Unified Payments Interface) transactions grew by 52% in the first half of 2024. 🔤 The total transaction value increased by 40%, reaching 116.63 trillion rupees (approximately 1.387 billion
🐘 India’s 🇮🇳 Mission in Latin America and Africa: UPI Expands to New Frontiers Paid Members Public
🐘 India’s 🇮🇳 Mission in Latin America and Africa: UPI Expands to New Frontiers By early 2027, India's popular Unified Payments Interface (UPI) could become the model for implementing similar payment systems in at least 20 countries. ➖ This year, NIPL (the international division of the National Payments Corporation of