From UPI To RTGS, RBI Hopes To Take Local Payment Options Global

From the Unified Payment Interface to the Real Time Gross Settlement system, the Reserve Bank of India hopes to expand the footprint of locally-developed payment systems across borders. Alongside, the regulator may also look to ring-fence local payments by asking that these be processed within India’s borders. These two steps, along with a host of … Read more

UPI to stay on top; BNPL, digi currency to spur digital payments growth in next 5 yrs: Report

Retail online transaction platform UPI will likely continue to dominate the digital payments space in the country even as newer methods such as BNPL and digital currency are expected to define the future of payments, a study has said. Unified Payments Interface (UPI), Buy Now Pay Later (BNPL), Central Bank Digital Currency (CBDC) and offline … Read more

Explainer: digital currency versus cryptocurrency

Currencies Explainer: digital currency versus cryptocurrency Friday February 25 2022 A group of young people discuss the concept of central bank digital currency. PHOTO | POOL The Central Bank of Kenya proposes introducing a digital currency in the country in a move that could ease cross-border payments and complement mobile money in the local market. … Read more