Tel Aviv, February 26: India and Israel have entered into an agreement for the cross-border use of the Unified Payments Interface (UPI), strengthening digital and financial partnerships between the two nations. This collaboration will integrate UPI with Israel’s domestic payment framework, making digital transactions faster and more cost-effective. On the second and final day of … Read more
Google Pay, Walmart-backed PhonePe and Amazon Pay are among five payments companies directly involved in talks to join the Reserve Bank of India’s digital currency experiment and offer transactions via eRupee. Indian fintech companies Cred and Mobicwik are two other companies that have applied to participate in the eRupee pilot, the people added. The Reserve … Read more
The National Payments Corporation of India (NPCI) on Friday extended the deadline for third party UPI players to meet its 30 percent volume cap in digital payment transactions by two years to end-December 2024. The decision may provide a relief to third party app providers (TPAP) like Google Pay and Walmart’s PhonePe which have a majority share in UPI-based transactions. NPCI … Read more
