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Unified Payment Interface or UPI is a joint initiative by National Payments Corporation of India’s (NPCI), Reserve Bank of India (RBI) and Indian Banks Association (IBA) to enable secure and extremely easy way to transfer money between bank accounts...

Mumbai: India moved a step closer towards becoming a cashless economy with the launch of National Payments Corporation of India’s (NPCI’s) unified payment interface (UPI) on Monday. UPI, which is expected to make e-commerce transactions easier, will...

The National Payments Corporation of India (NPCI), an umbrella organization of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA), has launched a Unified Payments Interface (UPI) that industry experts say will change the way people...

DIGITALIZATION After the recent “demonetization”, India (more to say, the government) is focusing on digitizing the transactions. With the changing times, public sector banks have been updating themselves with growing technology and growing tech-friendly...

The announcement of launch of Unified Payment Interface (UPI), built by National Payment Corporations of India (NPCI), sounded a death knell to mobile wallets, as the new payment system will allow consumers or merchants to transact directly with each...