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Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
This is a list of applications supporting the Unified Payments Interface (UPI), an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016.
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [1] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
Tez worked on the vast majority of India's smartphones (with apps for both Android and iOS) with the Android app supporting English, Hindi, Tamil, Bengali, Gujarati, Kannada, Marathi, and Telugu. [1] There were plans to release the app in other emerging countries including Vietnam, Indonesia, and Thailand. [5] "Tez" is the Hindi word for "Fast".
From 8 June 2022, RBI allowed the linking of RuPay credit cards with India's Unified Payments Interface (UPI). In the absence of a physical card, customers can use their credit limit through for transactions. [61] The service was officially launched on 20 September 2022, and was a game changer, helping Rupay increase their market share. [62]
From December 2010 to December 2012, if you bought shares in companies when Jonathan J. Rubinstein joined the board, and sold them when he left, you would have a 42.1 percent return on your investment, compared to a 18.2 percent return from the S&P 500.
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National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.