Tag: credit cards

Data | India shifted from cheques to online money transfers faster than Singapore, US and Canada

Data | India shifted from cheques to online money transfers faster than Singapore, US and Canada

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Cashless transactions: A customer paying through UPI to avoid cash transactions at a medical store in Visakhapatnam | Photo Credit: K.R. Deepak On Tuesday, the cross-border connectivity between India’s Unified Payments Interface (UPI) and Singapore’s PayNow was launched. UPI is a popular mobile payment service which allows instant credit transfer from one bank account to […]

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The move to link credit cards with UPI

The move to link credit cards with UPI

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What are the primary motivations behind this move? Will the proposed linking increase the scope of the Unified Payments Interface? What are the primary motivations behind this move? Will the proposed linking increase the scope of the Unified Payments Interface? The story so far: The Reserve Bank of India (RBI) has proposed to allow linking […]

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