Reserve Bank of India and Nepal Rastra Bank signed and exchanged Terms of Reference for integration of Unified Payments Interface (UPI) of India and National Payments Interface (NPI) of Nepal
The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the RBI's move to enable the issuing of tokens for cards via internet and commercial banks.
Digital India has propelled a multitude of notable initiatives, yielding extraordinary outcomes across diverse spheres. Foremost among these accomplishments is the laudable feat of ameliorating the urban-rural digital divide.
Aadhaar-based face authentication transactions for service delivery are gaining robust momentum with monthly transactions in May touching an all-time high of 10.6 million
Interchange fee will only be applicable for certain specific transactions, and will be not applicable for bank-to-bank transfers and payments by customers