India
🐘 India🇮🇳: Mastercard launches a new biometric authentication service. Paid Members Public
🐘 India🇮🇳: Mastercard launches a new biometric authentication service. Mastercard has introduced a pilot program called Payment Passkey, which uses fingerprints or facial recognition to optimize online shopping. If successful in India, Mastercard plans to expand this service to other countries where it operates. ▶️ According to the Reserve Bank of India&
🐘 India 🇮🇳: UPI payment system transaction limits by segments Paid Members Public
🐘 India 🇮🇳: UPI payment system transaction limits by segments As UPI is widely used for a broad range of payments, from small to large, transaction limits can vary depending on the segment. ▶️ The general UPI transaction limit, set by the National Payments Corporation of India (NPCI), is 100,000 rupees per
👀 The Reserve Bank of India (RBI) Report: India🇮🇳 accounts for 48.5% of global real-time digital payments Paid Members Public
👀 The Reserve Bank of India (RBI) Report: India🇮🇳 accounts for 48.5% of global real-time digital payments On this note, the report highlights that India is the global leader in remittance volume, having received USD 115.3 billion in 2023. Other points of interest: ➡️ Digital development not only includes the
🐘India🇮🇳: UPI = revolution in digital payments Paid Members Public
🐘India🇮🇳: UPI = revolution in digital payments We've talked several times about India's digital payment system UPI; here we simply systematize it a bit. Additionally, there's a reason: the portal Thepaypers interviewed Ritesh Shukla, Managing Director of the National Payments Corporation of India (NPCI). ➡️ The
📢The central banks of India🇮🇳, Malaysia🇲🇾, Thailand🇹🇭, Singapore🇸🇬, and the Philippines🇵🇭 want to launch a joint platform for instant cross-border retail payments Paid Members Public
📢The central banks of India🇮🇳, Malaysia🇲🇾, Thailand🇹🇭, Singapore🇸🇬, and the Philippines🇵🇭 want to launch a joint platform for instant cross-border retail payments This was announced on Monday by the “*Bank of Central Banks*” of Southeast Asia — Bank for International Settlements (BIS). The project is expected to “take off” by 2026.
🐘India🇮🇳: Bank “Maharashtra” launches VKYC for remote account opening. Paid Members Public
🐘India🇮🇳: Bank “Maharashtra” launches VKYC for remote account opening. Now, customers can open savings accounts via video call. ➡️Main feature — implementation of video-KYC (video-based customer identification process). ➡️ To use it, you need to have an identification number from the local biometric system Aadhaar, a linked mobile number, a sample signature
🐘India🇮🇳: British Payment Gateway STICPAY🇬🇧 Integrates UPI for Secure Money Transfers Paid Members Public
🐘India🇮🇳: British Payment Gateway STICPAY🇬🇧 Integrates UPI for Secure Money Transfers Thanks to this integration, approximately 300 million UPI users in India can now manage their payments using the STICPAY e-wallet, bypassing traditional banking infrastructure. ➡️ The solution will cater to both domestic and international transfers. According to Worldpay (and others)
⚡️According to experts from the British payment platform Worldpay🇬🇧, the demand for digital wallets in China🇨🇳 and India🇮🇳 is growing Paid Members Public
⚡️According to experts from the British payment platform Worldpay🇬🇧, the demand for digital wallets in China🇨🇳 and India🇮🇳 is growing Continuing the information. In 2023, the use of digital wallets was highest among residents of countries in the Asia-Pacific region. Globally, the proportion of digital wallets in physical store purchases