UPI Lite

Digital payments: How do UPI, UPI Lite, NEFT, RTGS work? Know the differences, charges, time taken

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Digital payments: How do UPI, UPI Lite, NEFT, RTGS work? Know the differences, charges, time taken

Digital payments are transactions conducted through digital or online mediums, utilizing electronic methods for money exchange between the payer and the payee. In India, there is a diverse range of payment options available, including cash, credit and debit cards, UPI (Unified Payments Interface), mobile wallets, NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), … Read more

UPI rule changes: Increased limits for UPI Lite transactions, wallets; check key changes

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UPI rule changes: Increased limits for UPI Lite transactions, wallets; check key changes

UPI Lite transaction limit: The Reserve Bank of India (RBI) has increased the transaction limit for offline digital payments via UPI Lite. This change is expected to benefit a wide range of individuals, particularly those residing in regions with limited internet connectivity.  Offline UPI Lite transactions do not require entry of a UPI PIN, making them … Read more

‘UPI’s partnerships can streamline transaction routes for users in foreign lands’: Mohan K of TechFini

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‘UPI’s partnerships can streamline transaction routes for users in foreign lands’: Mohan K of TechFini

The Unified Payments Interface (UPI) has been a game-changer in the digital payments sector since its inception in 2016. Developed by the National Payments Corporation of India (NPCI), UPI has seamlessly integrated itself into the everyday financial activities of countless Indians. Data analyzed by the global payments hub Paysecure earlier this year revealed that the … Read more

AI is providing incredible opportunity for a new level of revolution: Vijay Shekhar Sharma

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AI is providing incredible opportunity for a new level of revolution: Vijay Shekhar Sharma

“Well, I would not generalise the issues to a start-up ecosystem. I will say that find a pattern, figure out what the pattern is. So let us not take, that we live in Delhi, and Delhi has a label of bad city, but that is not true,” says Vijay Shekhar Sharma, CEO, Paytm.What have been … Read more