Tagged: unified payments interface

April 29, 2023 @ 12:20 pm By Omar Faridi  |  

Alchemy Pay now supports India’s UPI domestic transfer payments for crypto purchases in India. By enabling users to pay by Unified Payments Interface, India’s domestic transfer system, it is possible for Indian bank account holders “to buy and sell cryptocurrency with the Indian rupee.” As a… Read More

April 28, 2023 @ 2:01 pm By Omar Faridi  |  

PPRO, the digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) in order “to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions.” This latest agreement, “supported by a new framework… Read More

February 22, 2023 @ 5:31 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) launched the linkage between Singapore’s PayNow and India’s Unified Payments Interface (UPI). This will “enable customers of participating financial institutions in Singapore and India [1] to send and receive funds between bank… Read More

August 21, 2022 @ 5:27 pm By Omar Faridi  |  

NPCI International Payments Limited (NIPL), a wholly-owned subsidiary of National Payments Corporation of India (NPCI), the organization behind the largest real-time payment solution, the Unified Payments Interface (UPI) and the RuPay card Scheme, has  “signed an MoU confirming a partnership with the payments solutions provider… Read More

September 14, 2021 @ 3:31 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today have announced their intent to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The goal is to provide instantaneous, low-cost fund transfers directly from one… Read More

January 11, 2021 @ 10:23 pm By Omar Faridi  |  

Banking institutions and online payments providers in India have asked the nation’s government to bring back the Merchant Discount Rate (MDR) on RuPay, which is an international card payment service launched by the National Payments Corporation of India. Digital payments providers in the country also… Read More

November 6, 2020 @ 7:26 am By Omar Faridi  |  

Facebook (NASDAQ:FB) owned WhatsApp has reportedly received approval to introduce its digital payments services in India. The National Payments Corporation of India (NPCI), which is an umbrella organization for operating or managing retail payments and settlement systems in the country, has given WhatsApp the green… Read More

April 15, 2020 @ 11:29 am By Omar Faridi  |  

Google Pay was reportedly the most downloaded Fintech app (globally) during the month of February 2020 with 15.6 million downloads. It was closely followed by Indian digital payments firm PhonePe’s app which was downloaded 6 million times. For Google Pay, this is notably more than… Read More