India's CBDC navigates UPI competition while aiming for cross-border success, considering the digital rupee's journey amidst UPI dominance and its potential in cross-border transactions.
YES Bank's UPI integration with RBI's CBDC app advances digital rupee adoption, offering seamless transactions, expanding reach, and setting the stage for further banking transformation.
In an attempt to revitalize payments in India, the National Payments Corporation of India says Falcon will allow local firms to build and deploy blockchain solutions.
The National Payments Corporation of India (NPCI) is hiring a Head of Blockchain with blockchain expertise to enhance payments through blockchain technology.
Lifting the ban will lend credibility to Indian players in the digital currency space and reduce the hurdles for retail investors to trade on digital currency exchanges.
Sudeep Choudhari, Head of India Blockchain at the National Payments Corporation of India, discusses how the agency is building a distributed public ledger that will enable web3, and more.
A single-token digital identity is known as the next iteration of identity solutions by the government, with the benefits of preventing identity theft and the activities of bad actors.
A senior NPCI official attempts to persuade the Indian government to adopt blockchain technology, arguing that the development goes beyond digital assets and can improve public service.
In April, NPCI issued a notice that it was unaware of any digital currency exchanges using the UPI system. The statement was given shortly after Coinbase launched its services in India.
The U.S.-based exchange announced that it has temporarily disabled buying digital currencies via Unified Payments Interface (UPI) less than four days after launching the trading service in India.