If you are travelling to any country this summer, you don t need to get the Indian Rupee converted to the local currency but can use your phone’s app to make payments via UPI.
UPI was launched by the National Payments Corporation of India (NPCI) in 2016 and has rapidly gained momentum. The widespread adoption of UPI underscores the urgent need for secure, efficient, and user-centric payment methods
In a significant move, India s central bank, the Reserve Bank of India (RBI), has imposed restrictions on fintech giant Paytm, prohibiting it from providing any forms of banking services to its customers. The RBI cited "non-compliance and ongoing material supervisory concerns" at One 97 Communications, the parent company of Paytm, as the reasons behind this decision.This new restriction imposed by the RBI could result in the disruption of several services offered by the Paytm platform. It is important to note the services that will remain functional and those that will be affected by this decision:Click here to read the full article
India Business News: The UPI platform has made its debut in France through a partnership between NPCI's international arm NIPL and Lyra, a company specializing in online a