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Unified Payments Interface

India’s retail CBDC usage drops amid growing UPI popularity
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3 July, 2024

India’s retail CBDC usage drops amid growing UPI popularity

With more locals utilizing UPI, India is struggling to promote its CBDCs, with both retail and wholesale CBDCs taking a...
Reserve Bank of India’s CBDC enhancements aim to boost adoption
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15 September, 2023

Reserve Bank of India’s CBDC enhancements aim to boost adoption

The Reserve Bank of India is planning upgrades for its digital rupee to encourage wider adoption, including offline payments and...
India’s YES Bank integrates UPI with digital rupee app for enhanced features
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10 September, 2023

India’s YES Bank integrates UPI with digital rupee app for enhanced features

YES Bank's UPI integration with RBI's CBDC app advances digital rupee adoption, offering seamless transactions, expanding reach, and setting the...
India explores cross-border payment functionality with Singapore
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26 February, 2023

India explores cross-border payment functionality with Singapore

The UPI-PayNow integration will provide a seamless cross-border transaction between India and Singapore, with citizens of both nations being able...
Indian digital currency exchanges asking NPCI to restore UPI services: report
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23 June, 2022

Indian digital currency exchanges asking NPCI to restore UPI services: report

In April, NPCI issued a notice that it was unaware of any digital currency exchanges using the UPI system. The...
India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more
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27 April, 2022

India digital currency regulations aftermath: Frozen payments, Bitcoin brain drain, traders’ woes and more

Investors and traders are bearing the strict regulations on digital currency in India—with some transferring their digital currencies to overseas...
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