UPI Archive

Cash withdrawal facility at POS terminals

Cash withdrawal facility at POS terminals (Point-of-Sale terminals) was introduced in India by RBI in 2009, but failed to gain acceptance among public in India. However, the facility is gradually gaining popularity among the public as general

Indian Payment Systems – An overview

Indian payment systems and settlements have traditionally been revolving around physical cash. Subsequent to nationalisation of banks, paper based instruments like cheque, draft and other negotiable instruments started receiving acceptance among public. There has been a rapid

MOPAD-Multi-Option Payment Acceptance Device

MOPAD or Multi-Option Payment Acceptance Device is a POS terminal launched recently by the State Bank of India (SBI). The MOPED is the latest addition to the digital banking initiative by the largest bank in India. On

Digital Public Credit Registry (PCR) in India – An overview

Public Credit Registry (PCR) was indicated as a prerequisite by Reserve bank of India (RBI) for moving towards equitable and timely access to credit. PCR was muted as a giant step towards formalizing credit in India. RBI

Unified Payment Interface (UPI): A Digital Banking Catalyst

Unified Payment Interface (UPI) is an outstanding payment system that has evolved as the backbone of digital banking in India. UPI allows the user to transfer funds money from his account to that of the payee in

Morgan Stanley’s List of Ten Disruptions for Indian Equity Investors 

Morgan Stanley says that ten highly relevant disruption themes are awaiting Indian equity investors in the coming decade. These themes are positive for those who are ready to embrace change. According to Morgan Stanley, all relevant disruptions

Tez: Google Payment App

Tez is the Unified Payments Interface (UPI) based digital payment service launched by Google. It was launched o 18 September 20017. Tez means speed in Urdu.To capture a major share of the digital payment market in India,

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) is an organisation promoted by ten banks with the objective of stimulating and integrating digital payment system in India.  The Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) extend

Lucky Grahak Yojana: Reward Scheme For Promotion of Digital Payments

Lucky Grahak Yojana ( for consumers) and Digi Dhan Vyapar Yojana (for merchants) are two schemes announced by Government of India. The objective of the schemes is encouraging people to migrate to cashless digital payment mode. Government

Digi Dhan Vyapar Yojana: Promote Digital Payments, Get Rewarded

Digi Dhan Vyapar Yojana (for merchants)  and Lucky Grahak Yojana ( for consumers) are two schemes announced by Government of India. The objective of the schemeis encouraging people to migrate to cashless digital payment mode.  Digi Dhan