According to a report by fintech consulting and advisory firm The Digital Fifth, UPI is more than just a payment system—it serves as a comprehensive financial ecosystem driving India's digital-first economy.
This initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking and payment services, says RBI
Reserve Bank of India has asked banks to follow two particular phone numbering series for transactional and promotional purposes. The move comes amid a surge in fraud cases
New Delhi: Prime Minister Narendra Modi on Sunday said that over 20,000 crore digital transactions are taking place on a daily basis wherein small online payments are helping to build a big digital economy. Addressing the nation in his 88th monthly programme ‘Mann Ki Baat’, he said digital transactions worth over Rs 20,000 crore are […]