RBI Proposes Expanding Reach of UPI to Allow for Credit via Pre-Approved Bank Lines

The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines. “This initiative will further encourage innovation,” RBI governor Shaktikanta Das said on Thursday during the announcement of the central bank’s monetary policy decision. UPI … Read more

Government Expects Up to 7 Countries to Sign Up to Adopt UPI, Aadhaar and More Technologies by March: MoS IT

The government expects five to seven countries to sign up for adopting India-developed technology platforms like UPI and Aadhaar by March for accelerating digitisation, according to Minister of State for Electronics and Information Technology Rajeev Chandrasekhar. While speaking at India Stack Developer Conference, the minister said that the Prime Minister has decided to offer India … Read more