IANS- In a thumbs-up to the Indian government’s Unified Payments Interface (UPI) scheme, Google has written to the US Federal Reserve Board detailing the successful example of UPI-based digital payment in India to build “FedNow” — a new interbank real-time gross-settlement service (RTGS) for faster digital payments in the US. In a letter written by […]
Tag: UPI
Demonetization, Aadhaar spurred digital payments growth: RBI
IANS- After the demonetization of Rs 500 and Rs 1000 notes in 2016 pushed digital payments, Aadhaar-enabled electronic know your customer (eKYC) resulted in an exponential growth of such payments in the country, according to a new report by the Reserve Bank of India. Transactions in which both the payer and the payee use […]