The FinTech Hub
Source: Live Mint In addition, BHIM’s UPI Circle feature continues to expand its use-cases for secure delegated payments. At the core of the app’s functioning is the Unified Payments Interface (UPI), a platform that facilitates money transfers between bank accounts. Here’s a deeper look into the new BHIM features, how to use them and where…
Source: Live Mint Credit Cards: If you are an avid UPI app user and a credit card holder at the same time, it is recommended to link your credit card to the UPI. This facility is offered via Rupay credit cards. Currently, 23 banks are live on RuPay credit cards. These banks include Punjab National…
Source: Live Mint In today’s financial ecosystem, using a credit card has become more of a norm than a choice. At the same time, making payments through UPI – by and large – has surpassed debit card payments by a wide margin. The value of UPI payments spiked from ₹17.15 lakh crore in Oct 2023…
Source: Live Mint The Reserve Bank of India (RBI) recently allowed the users of prepaid payment instruments (PPIs) to access UPI services via third party applications. This is seen as a commendable move which will give a massive boost to the digital payment ecosystem in India. In order to understand this, let us first understand…
