upi – DIGIT INFO

India’s HDFC Bank Launches New UPI and CBDC Features

DIGIT — Mon, 02 Sep 2024 06:46:13 +0000

HDFC Bank, a leading private sector bank in India, has introduced new features for Unified Payments Interface (UPI) and central bank digital currency (CBDC) to enhance digital banking for its customers. Announced at the Global Fintech Fest 2024 in Mumbai, India, these innovations, developed in partnership with fintech companies like Kreditpe, Tonetag, and Payu, aim […]

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JPMorgan Executive Sees Big Future for India’s CBDC Initiative

DIGIT — Fri, 30 Aug 2024 06:30:17 +0000

Naveen Mallela, global co-head of Onyx, JPMorgan’s blockchain and digital currency unit, highlighted the rapid adoption of blockchain technology in India, particularly after the 2022 launch of the central bank digital currency (CBDC), the e-rupee. He noted that CBDCs represent a significant advancement for Indian payments, positioning them as the next step in the evolution […]

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Peru adopts India’s UPI system to boost financial inclusion

DIGIT — Fri, 07 Jun 2024 16:57:02 +0000

The Indian instant payment system is gradually making its way around the world. Soc India and Peru collaborate on payments

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India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST

DIGIT — Tue, 24 May 2022 03:50:49 +0000

India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market now,” said Governor Shaktikanta Das. RBI’s Governor on Crypto Market and […]

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Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI

DIGIT — Thu, 12 May 2022 03:30:31 +0000

The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong. Coinbase Shares Experience in India Coinbase Global provided an update on its Indian operation during the company’s earnings […]

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Crypto Exchange Coinbase Launches in India — Quickly Runs Into Trouble With UPI Payment System

DIGIT — Fri, 08 Apr 2022 08:30:54 +0000

Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange is using the UPI system. Coinbase Launches in India, Hit With UPI Problem The Nasdaq-listed cryptocurrency exchange […]

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State Bank of India Blocks Payments to Cryptocurrency Exchanges on UPI Platform

DIGIT — Wed, 15 Sep 2021 14:00:01 +0000

State Bank of India (SBI) has reportedly blocked payments to cryptocurrency exchanges using its Unified Payments Interface (UPI). Payment processors have been told to disable the bank’s UPI for crypto merchants. Payment Processors Instructed to Disable SBI UPI for Crypto Firms State Bank of India, the country’s largest bank, has reportedly “blocked the receipt of […]

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National Payments Corporation of India Says It Will Not Ban Cryptocurrencies Through UPI

DIGIT — Fri, 07 May 2021 13:30:12 +0000

India’s payments authority, the National Payments Corporation of India, has reportedly said that it will not ban cryptocurrency transactions. Banks are to make their own decision whether to allow crypto transactions. The National Payments Corporation of India (NCPI), has refused to ban cryptocurrency transactions, local media reported Thursday. NCPI runs the Unified Payments Interface (UPI), […]

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