India’s Reserve Bank of India (RBI) Governor Shaktikanta Das. File | Photo Credit: Reuters The Reserve Bank of India (RBI) has unveiled “ Har Payment Digital” [Every Payment Digital] as part of Digital Payments Awareness Week (DPAW) 2023 to make every person in India a user of digital payments. While rolling out the mission, Governor Shaktikanta Das […]
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Commerce and Industry Minister Piyush Goyal. | Photo Credit: MURALI KUMAR K. The Open Network for Digital Commerce (ONDC), a unified payments interface-type protocol, will help small retailers survive the onslaught of large tech-based e-commerce companies, Commerce and Industry Minister Piyush Goyal said on March 6. ONDC is an initiative of the Ministry to help […]
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Prime Minister Narendra Modi. Prime Minister Narendra Modi, along with Singapore counterpart Lee Hsien Loong, on February 21 launched the cross-border connectivity of real-time digital payment systems via video conferencing. Now, the easy linkage between India’s Unified Payments Interface (UPI) and Singapore’s PayNow will allow residents across the two regions to undertake faster and cost-efficient […]
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