The Unified Payments Interface (UPI) saw 41% growth (year-on-year) at record $14.96 billion transactions in the month of August, as total transaction amount touched Rs 20.61 lakh crore — a 31% YoY growth, the National Payments Corporation of India (NPCI) data showed on Sunday.
The average daily transaction amount stood at $483 million last month, as average daily transaction amount reached Rs 66,475 crore.
The flagship store of Galeries Lafayette on Haussmann Boulevard in Paris is now accepting India’s Unified Payments Interface (UPI) payments. This landmark move is a step further in realizing India’s vision of globalizing UPI, which is an Indian instant payment system developed by the National Payments Corporation of India (NPCI) in 2016.
“On July 3, 2024, the Unified Payments Interface (UPI) became live at the flagship store of the world-renowned Galeries Lafayette in Haussmann, Paris. This expands the acceptance of UPI in Paris after a successful launch at the iconic Eiffel Tower,” read a press release by Indian Embassy in France.
Artificial Intelligence (AI) will spur technological upgrades in the healthcare sector and transform the way doctors diagnose and treat patients. AI will not only get better devices, better diagnostics, and better drugs but also better access, and better equity says Dr. Anurag Mairal, an Adjunct Professor of Medicine and the Director of Global Outreach Programs at Stanford Byers Center for Biodesign, Stanford University.
India’s Prime Minister Narendra Modi has said that India and France have agreed on usage of the Unified Payments Interface (UPI) mechanism and it will begin from the Eiffel Tower, which means Indian tourists can pay in rupees to visit the popular site.
EbixCash Limited, a subsidiary of Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare, and e-learning industries, has become the first company in India to pioneer, launch and enable Unified Payments Interface (UPI) transactions for foreign nationals visiting India. This new capability will allow a Foreign national visiting India to pay for goods and services in India, using UPI in seconds.
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 […]
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 […]
