Search results for "UPI"
2025-12-12
11:19

KAST opens the enterprise version waiting list, in partnership with Gauntlet to launch the Savings Vault

Foresight News现场报道,stablecoin payment platform KAST founder and CEO Raagulan Pathy introduced several product updates at the Solana Breakpoint conference, including: now supporting payments via SWIFT to over 125 countries or regions, with no fees for amounts exceeding $5000; plans to expand real-time payments to 55 countries or regions in the coming weeks using local payment channels such as Brazil's Pix and India's UPI; will launch the Savings Vault feature in collaboration with Gauntlet next week, with an approximate yield of 7%, which will support direct consumption and collateralized lending in the future; has opened the enterprise version waiting list; launched KAST.
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14:55

The Digital Token Identifiers Foundation has launched a digital Token identifier to monitor encryption derivation risk in the G20 region

The Digital Token Identifier Foundation (DTIF) announced that its Digital Token Identifier (DTI) will be deployed in the G20's digital asset derivatives trading regulatory reports. DTIF is a division of Etrading Software (ETS) whose scope is constantly expanding, providing greater support for public authorities to identify global digital asset risks and further increasing transparency in the encryption derivatives trading market. So far, derivatives reports have only focused on TradFi financial instruments. As of April 29, 2024, Crypto Assets derivation that fall under the EU's European Market Infrastructure Regulation (EMIR) must use DTI as the basis for UPI and OTC ISINs reported to the transaction repository. This allows EU regulators to expand the monitoring of derivation risk to digital assets
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12:34

Indian Finance Ministry executive: UPI expected to impact CBDC adoption

Golden Finance reported that Sameer Shukla, an executive at the Indian Ministry of Finance, said that the UPI instant payment system will affect the adoption of the digital rupee. However, the highlights of retail central bank digital currencies are cross-border payments and government benefits. He is not pessimistic about the prospects of CBDC, on the contrary. He just wasn't convinced it could add value to instant payments. For cross-border payments, he is convinced that retail CBDC adoption will be much faster than wholesale CBDC.
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06:48

People familiar with the matter: RBI plans to work with banks to launch new features to promote digital rupee

According to news on September 11, people familiar with the matter revealed that the Reserve Bank of India (RBI) is working with banks to launch new features to promote the digital rupee. New features include allowing customers to conduct digital rupee transactions while offline and connecting it with India’s popular Unified Payments Interface (UPI). The Reserve Bank of India has been urging banks to enable e-rupee interoperability with UPI through QR codes. This interoperability will allow payments to be made through the already widely used UPI QR codes. The feature, announced in June, has been activated by major banks including State Bank of India, India's largest bank. It is reported that the current daily average number of retail digital rupee transactions is about 18,000, which is far lower than the RBI’s target of reaching 1 million daily transactions by the end of 2023.
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06:10

Reuters: India’s central bank plans to work with banks to roll out new features to facilitate digital rupee transactions

PANews reported on September 11 that according to Reuters, people familiar with the matter revealed that the Reserve Bank of India (RBI) is working with banks to launch new features to promote the digital rupee. New features include allowing customers to conduct digital rupee transactions while offline and connecting e-rupees with India’s popular Unified Payments Interface (UPI). UPI is an instant, real-time payments system that allows users to transfer money across multiple banks without having to disclose bank account details. The Reserve Bank of India has been urging banks to enable e-rupee interoperability with UPI through QR codes. This interoperability will allow payments to be made through the already widely used UPI QR codes. The feature, announced in June, has been activated by major banks including State Bank of India, India's largest bank. It is reported that the current daily average number of retail digital rupee transactions is about 18,000, which is far lower than the RBI’s target of reaching 1 million daily transactions by the end of 2023.
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08:51

State Bank of India: Digital rupee has achieved UPI interoperability

Jinse Finance reported that the State Bank of India (SBI) stated that its digital rupee (CBDC) has achieved UPI interoperability. With this move, the bank aims to provide unprecedented ease and convenience to its customers, SBI said in a statement. Accessible through the 'eRupeebySBI' app, this cutting-edge feature will enable SBI CBDC users to easily scan any merchant's UPI QR code for fast and secure transactions.
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08:06

National Payments Corporation of India Hires Head of Blockchain

Golden Finance reported that the National Payments Corporation of India (NPCI), an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies, is looking for an experienced blockchain technology expert to lead and research blockchain Opportunities in today's payments landscape. NPCI owns and operates the Unified Payments Interface (UPI), India's home-grown instant payment system that facilitates interbank peer-to-peer and person-to-merchant transactions. A recent job posting on LinkedIn confirms that NPCI is working hard to hire a blockchain executive. As of this writing, NPCI job applications have received more than 200 applicants.
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22:02

Yes Bank Integrate UPI with RBI CBDC App

Jinse Finance reported that Yes Bank announced that it has enabled Unified Payments Interface (UPI) interoperability on the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) application. Users can simply scan any UPI-enabled QR code through the Yes Bank Digital Rupee App for seamless transactions. The Yes Bank app marks the first integration of UPI with a CBDC. UPI is a national payments portal operated by the National Payments Corporation of India (NPCI), a division of the Reserve Bank of India (RBI). NPCI provides the infrastructure for UPI and the digital rupee. According to local media reports, 150 million merchants in India use UPI.
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