Indian digital payments system, UPI, is taking strides towards globalization to make digital payments available to Indian tourists who visit abroad destinations. This has been achieved by the collaboration between the international unit of NPCI, NPCI International Payments Limited (NIPL), and other foreign payment systems to facilitate digital transactions using QR codes from Indian banks. ...

Decades ago, settling your bills at the neighbourhood shop might have involved looking for some cash, waiting for change, or swiping a debit card. Today, all you need is a QR code and some tapping to do the same in seconds. While the Unified Payment Interface (UPI) was once a novel payment rail, it has ...

India’s Unified Payment Interface (UPI) services are expanding globally with the launch of UPI services in Sri Lanka and Mauritius.  The virtual ceremony, to be witnessed by Indian Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe, and Mauritian Prime Minister Pravind Jugnauth, will also mark the launch of RuPay card services in Mauritius.  UPI, ...

On Friday, Sri Lankan President Ranil Wickremesinghe and Indian Prime Minister Narendra Modi signed an agreement regarding Sri Lanka’s acceptance of the Unified Payments Interface (UPI). An agreement regarding Sri Lanka’s acceptance of the Unified Payments Interface (UPI) was signed on Friday by Prime Minister Narendra Modi and President Ranil Wickremesinghe. During his two-day trip ...

Indian Fintechs: India is taking some serious steps to ensure fintech players don’t overstep their boundaries. In a time when technological giants like Google and Facebook are trying to devour every other smaller player in the market, India is going to cap the percentage of transactions that a single player can keep in their kitty.  ...