RBI plans to roll out lightweight and portable payment system. Details here

The Reserve Bank has conceptualised a light weight and portable payment system that will be independent of conventional technologies and can be operated from anywhere with a bare minimum staff

Why ONDC can’t be a UPI of e-commerce? All you need to know

ONDC aims to revolutionise e-commerce by removing the monopoly of big players and allowing smaller players to join but may face challenges such as lack of a centralised authority and handling disputes.

To prevent spoilsports from ruining the party, Paytm rolls out split bill feature. Details here

With the new Split Bill feature, users can create friend groups on Paytm and share the bill in any group

Pre-sanctioned credit lines on UPI: How is it a step towards financial inclusion?

RBI has proposed to expand UPI by introducing pre-sanctioned credit lines, which will enable faster credit access, open up new avenues of growth for banks, and facilitate financial inclusion at the grassroots level.

CRED's P2P UPI payments: The perfect way to pay and play during TATA IPL 2023

<ul><li>Members can ‘pay anyone’ - be it CRED members, or non-members; by searching their contact list or by adding phone numbers, or UPI id’s.</li></ul>

UPI dominates digital payments with a total of 84% in volume, says report

UPI P2M (peer to merchant) and P2P (peer to peer) are the most preferred payment modes among consumers with a market share of 40 percent and 44 percent in terms of transactions volume.

UPI continues to be the dominant channel for digital payments

In 2022, payment modes like UPI, Debit and Credit cards, Prepaid Payment Instruments – Mobile and Prepaid cards processed 87.92 billion transactions worth  <span class='webrupee'>₹</span> 149.5 trillion.

SBI Card, ICICI Bank defer RuPay credit card on UPI till June: Report

They are now expected to go live by June. Axis Bank the fourth-largest credit card issuer, could go live earlier, sources aware of the development said.

UPI payments above  <span class='webrupee'>₹</span>10,000? You can now pay in EMIs as ICICI Bank launches facility

By scanning the QR code, this private lender’s customers can avail of this EMI service, and can opt for 3,6, and 9 EMIs

RuPay-UPI linkage: How to use credit cards to make UPI payments?

NPCI has enabled the use of RuPay credit cards on UPI apps such as BHIM, MobiKwik, Paytm, Slice and PhonePe. It has also launched a campaign in association with IPL to spread consumer awareness of the advantages of having access to credit on UPI.

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RBI plans to roll out lightweight and portable payment system. Details here

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personal finance