Cross-Border Bill Payment System Launched with RuPay Credit Card on UPI

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The Reserve Bank of India (RBI) Governor Shaktikanta Das announced three key digital payment initiatives on the sidelines of Global Fintech Fest 2022 on Tuesday.

RuPay credit card on the unified payments interface (UPI) network, low-value transaction focused solution UPI LITE, and Bharat BillPay Cross-Border Bill Payments were among the new products introduced. The services were launched in the presence of NPCI chairman Biswamohan Mahapatra, as well as Infosys chairman and NPCI advisor Nandan Nilekani. The three initiatives, according to NPCI, have the potential to’revolutionize the digital payments ecosystem, extend the reach of digital payments, and aid the journey of onboarding the next 300 million users on digital payments.’

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Cross-Border Bill Payment System Launched with RuPay Credit Card on UPI

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced three key digital payment initiatives on the sidelines of Global Fintech Fest 2022 on Tuesday.

RuPay credit card on the unified payments interface (UPI) network, low-value transaction focused solution UPI LITE, and Bharat BillPay Cross-Border Bill Payments were among the new products introduced. The services were launched in the presence of NPCI chairman Biswamohan Mahapatra, as well as Infosys chairman and NPCI advisor Nandan Nilekani. The three initiatives, according to NPCI, have the potential to’revolutionize the digital payments ecosystem, extend the reach of digital payments, and aid the journey of onboarding the next 300 million users on digital payments.’

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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