India and Maldives have signed an settlement to introduce the Unified Funds Interface within the archipelago nation, which could have a “very optimistic” impression on its tourism sector, Exterior Affairs Minister S Jaishankar has stated. The Memorandum of Understanding was signed on Friday throughout Jaishankar’s three-day official go to to the Maldives. Additionally learn: UPI … Read more
The Reserve Financial institution of India mentioned it has joined “Venture Nexus”, a multilateral worldwide initiative to allow prompt cross-border retail funds by interlinking home Quick Funds Methods (FPSs). Nexus, conceptualised by the Innovation Hub of the Financial institution for Worldwide Settlements (BIS), goals to attach the FPSs of 4 ASEAN international locations (Malaysia, Philippines, … Read more
Funds by way of cell wallets have caught the creativeness of individuals within the nation. This mode of fee goes to develop at a CAGR (compound annual development price) of 18.3 per cent over the subsequent 4 years to breach the $6-trillion mark in 2028, in accordance with information and analytics firm GlobalData. The variety … Read more
The Unified Funds Interface (UPI) ended FY24 on a robust excessive, setting new information for each the amount and worth of transactions undertaken throughout March 2024. This was regardless of transactions dipping barely in February 2024 as a result of fewer variety of days within the month, and elevated funding exercise forward of the monetary … Read more
After beginning 2024 on a robust observe, the Unified Funds Interface (UPI) noticed transactions dip barely in February however stay above December 2023 ranges. Additionally learn: UPI transactions contact new document of ₹18.4-lakh crore in Jan Transactions price ₹18.28-lakh crore had been processed throughout February, practically 1 per cent decrease than the height of ₹18.41 … Read more