Mumbai: The Reserve Bank of India (RBI) on Wednesday proposed to allow the linking of credit cards to the Unified Payments Interface (UPI) platform. After the Monetary Policy Committee (MPC) meeting RBI Governor Shaktikanta Das announced that the implementation will start with the indigenous RuPay credit cards. “At present, UPI facilitates transactions by linking savings/current […]
New Delhi: With an aim to increase the penetration of digital payments, the Reserve Bank of India has decided to develop the UPI platform for feature phones. India has one of the largest mobile phone users base, with around 118 crore users. A large part of them use feature phones. “In the first cohort of […]
