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

[ad_1] 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 […]

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ExpressBasics: How to set your phone number as UPI ID on Google Pay

[ad_1] UPI transactions are super handy when you want to avoid any contact, when you don’t have any cash on you, or even when you quickly want to send money over long distances. However, users must resort to UPI IDs if they want to send money to someone remote and if they don’t have their […]

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No credit line on prepaid wallets: What it means for users and wallet companies 

[ad_1] In a move that could affect several fintech players, the Reserve bank of India Tuesday asked non-bank prepaid instruments (PPIs) issuers to not load these with a credit line, a preset borrowing limit. The signal from India’s central bank seems to be that it wants to put a full stop to buy-now-pay-later (BNPL) wallets which typically […]

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Google said to be in talks to join open e-commerce network ONDC

[ad_1] Google’s talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC follow the success of its payments business over UPI, the government’s initiative for financial transactions Google’s talks with the Indian government to integrate its shopping services with the country’s open e-commerce network ONDC follow the success […]

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