Unified Payments Interface

RBI, European Central Bank agree to start realisation phase for UPI–TIPS link

November 21, 2025November 21, 2025cpooldigitalLeave a Comment

[ad_1] The proposed UPI–TIPS interlinkage will facilitate cross-border remittances between India and the Euro Area and is expected to benefit users of both jurisdictions, the RBI said. Photo: X/@UPI_NPCI Reserve Bank of India (RBI) and NPCI International Payments Ltd (NIPL) on one hand and European Central Bank on the other, to connect Unified Payments Interface […]

Explained | Who will benefit from the UPI-PayNow link?

February 25, 2023February 25, 2023cpooldigitalLeave a Comment

[ad_1] The “real-time payment linkage” between India’s Unified Payments Interface and Singapore’s PayNow is an initiative to push a UPI-based payment ecosystem. Photo: Twitter/@MAS_sg The story so far: On February 21, India’s Unified Payments Interface (UPI) and Singapore’s PayNow were officially connected to allow for “real-time payment linkage”. Singapore is the first country with which […]

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

February 23, 2023February 24, 2023cpooldigitalLeave a Comment

[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 […]

UPI-PayNow linked to ease payments with Singapore

February 21, 2023February 26, 2023cpooldigitalLeave a Comment

[ad_1] Prime Minister Narendra Modi and his Singapore counterpart Lee Hsien Loong witness the launch of cross-border connectivity between the UPI of India and PayNow of Singapore via video conferencing. | Photo Credit: ANI India’s Unified Payments Interface — better known as UPI — and Singapore’s PayNow were officially connected on Tuesday, allow for a “real-time payment […]

Don’t create ‘fear psychosis’ on privacy concerns: RBI governor Shaktikanta Das

December 7, 2022December 7, 2022cpooldigitalLeave a Comment

[ad_1] Reserve Bank of India governor Shaktikanta Das, at a press conference at the RBI head office, in Mumbai, on December 7, 2022. | Photo Credit: AP Asserting that the newly-introduced Central bank digital currency (CBDC) does not leave any trail with a bank, RBI governor Shaktikanta Das on December 7 said there is no […]

RBI to introduce new functionality for UPI payments, allowing multiple debits

December 7, 2022December 7, 2022cpooldigitalLeave a Comment

[ad_1] RBI governor Shaktikanta Das announced an additional function for Unified Payments Interface (UPI) platforms that would allow multiple debits. Mr. Das was effusive in his praise for the digital payment system in his address at the conclusion of the three-day Monetary Policy Committee’s (MPC) meeting. “UPI has emerged as the best payment system anywhere […]