UPI PAYNOW NEWS
UPI-PayNow: International remittance enabled for these 13 new banks by NPCI; Know the details
NPCI has expanded the UPI-PayNow international remittance service to include 13 additional Indian banks, bringing the total to 19. This enhancement, effective July 17, 2025, allows customers of these banks to send real-time cross-border remittances to Singapore via UPI. In Singapore, customers of DBS SG and Liquid Group can avail this service.
Major changes in UPI 2023: Increase in transaction limits, UPI Lite X, NPS contributions, other big changes made
With more and more people using the Unified Payments Interface (UPI) to make payments, the Reserve Bank of India (RBI) announced various user-friendly measures during the year 2023. Here is a look at some of the important changes made to UPI during the year.
Govt to certify ‘permissible’ games for now; crypto transfers to wallets on radar
There are many types of online real money games, and the government has not banned all of them, only those that involve wagering, Rajeev Chandrasekhar, minister of state for electronics and IT (MeitY), told ET. This and more in today’s ETtech Top 5.
There has to be a governance layer if you operate in financial services sector: NPCI chief Dilip Asbe
The NPCI chief, who was in conversation with Pine Labs chief executive Amrish Rau, said currently there is still room for digital payments to scale in the country.
With UPI-PayNow linkage Modi government makes a grab at the India outside India
The UPI linkage with Singapore's PayNow for faster and cheaper cross-border fund transfers through mobile apps is a step in that direction. The cost of international money transfer is nearly 5%, which the India-Singapore linkage can cut to less than half.
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PM Modi & Singapore's Lee Hsien Loong launch cross-border linkage between UPI, PayNow
Indian Prime Minister Narendra Modi and his Singapore counterpart Lee Hsien Loong on Tuesday launched cross-border linkage between UPI and PayNow. RBI Governor Shaktikanta Das and Ravi Menon, Managing Director, Monetary Authority of Singapore were also present at the virtual event.
UPI-PayNow launched: Who can use, daily limit, how it will benefit you
UPI PayNow: Unified Payments Interface (UPI) and PayNow, the two countries' respective rapid payment systems, were used to establish cross-border connectivity between India and Singapore on February 21.
Age of consent fixed at 18 in data protection law; growth at all cost not a sustainable strategy: ShareChat CEO
After elaborate discussions with stakeholders, the Digital Personal Data Protection (DPDP) Bill has fixed the age of consent at 18. This would mean anyone below the age of 18 is defined as “children” and companies, including edtech startups, need to obtain explicit parental consent before processing data belonging to this user group.
Why Indian banks want US card networks like Visa and Mastercard to have a share of UPI pie
US card networks may get to tap small Indian retailers who otherwise can’t afford them. On that hangs a tale of rivals putting profit before parochialism.
Resignation at Zomato; India, Singapore tie-up on payments
In March, Zomato CEO Deepinder Goyal announced the launch of the company’s nutrition business. But things didn’t go to plan and the company shut down the vertical on Monday. Now, the cofounder who was tasked with the launch has resigned.
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