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Explained: Why IMF called India's direct benefit transfer scheme a 'logistical marvel'

NEW DELHI: The International Monetary Fund (IMF) has called the deployment of India's direct benefit transfer (DBT) scheme as a 'logistical marvel' which has reached hundreds of millions of people.

The Times of India

No charge for RuPay credit card use on UPI for transaction up to ₹2,000, says NPCI

National Payments Corporation of India said the existing process from the app will apply to credit cards too

The Hindu

UPI expands further globally; Indian travellers to U.K. to enjoy hassle-free digital transactions

NPCI International Payments Ltd partners with U.K.’s PayXpert

The Hindu

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In India's Mobile-Payments Boom, Even Beggars Get QR Codes

A beggar in the eastern Indian state of Bihar strolled through a train station one recent weekday, toting a metal pail for cash and a tablet computer with a QR code stuck on the back.

Bangkok Post

Crypto payments are frozen across India, hitting trading

BENGALURU: When Surojit Chatterjee walked on stage at a Coinbase Global Inc conference in Bengaluru, India, on April 7, he had little reason to anticipate the fallout that would shortly ensue. Chatterjee, the company’s chief product officer, told the assembled audience that crypto investors would now be able to use…

The Times of India

Regulatory Trouble Ahead? India's Central Bank Distances Itself From Coinbase's UPI Plans

As cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) forayed into India and said it was working on getting UPI on its platform for all users — the National Payments Corporation of India, a subdivision of the country's central bank, sought to disassociate itself with the move.

Benzinga

Individual investors can use UPI for up to Rs 5 lakh payment in public issues

NEW DELHI: Capital markets regulator Sebi on Tuesday said individual investors applying in public issues of equity shares and convertibles can use unified payment interface (UPI) for application amount up to Rs 5 lakh.

The Times of India

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IRCTC, NPCI and Bank of Baroda arm launch co-branded credit card for railway customers

Customers can also use the credit card for other shopping purposes

The Hindu

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