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• Online payments solution company PayU announced the acceptance of ‘Credit Lines on UPI’ feature on its platform, in collaboration with the National Payments Corporation of India (NPCI). • The integration enables PayU’s merchants to accept digital payments via credit line. • The enablement of pre-sanctioned credit lines by banks through UPI will empower businesses and consumers alike, fostering India’s financial inclusion agenda • In August last year, PayU had reached an agreement with Rapyd, a fintech-as-a-service provider, to sell its Global Payments Organisation (GPO) for a total cash consideration of $610 million to enable PayU to focus on the large payments and fintech opportunity in India. Learn Along: About NPCI • National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India, is an initiative of Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. • Non Executive Chairman and Independent Director: Mr. Ajay Kumar Choudhary
BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the_______________________, based on the Unified Payments Interface (UPI).
Which product category saw a 60% increase in Australian exports to India after the implementation of ECTA?
Which company will enhance Norway’s critical financial infrastructure by partnering with BankID BankAxept AS, Norway’s national payment and electron...
According to the data provided by the government,which state has emerged as the largest buyer of goods and services among all states and Union Territori...
What is the primary aim of the Memorandum of Understanding (MoU) between the Department of Fisheries and Open Network for Digital Commerce (ONDC)?
The Asian Development Bank (ADB) has approved a __________loan to India for an urban infrastructure project as part of the Atal Mission for Rejuvenation...
Which region does the Cauvery River Basin NOT extend into?
What is the objective of the National Transit Pass System ( NTPS ) , recently launched by Union Minister Bhupender Yadav?
How much long-term funding has IIFL Finance secured from Export Development Canada and Deutsche Bank, jointly?
What is the purpose of the collaboration between the Centre for Development of Advanced Computing (CDAC) and Arm?
