Akshat Mishra’s Post

Unified Payments Interface (UPI) has redefined digital transactions, transforming the way we exchange money today. Learn how this Indian innovation is making waves globally and transforming financial services. Read the story: https://rb.gy/9u4s3i Disclaimer: https://lnkd.in/dbhFKuhf #UPI #DigitalPayments #TechInnovation #IndiasFirsts #ProudlyIndian #InnovationThroughTime #IndianInnovation #IndependenceDay #78thindependenceday

Herman Singh, the question of whether banks are ready for "free payments" is particularly relevant. Banks historically rely on fees from card payments (interchange fees, merchant fees, etc.) to generate revenue. This contrasts with cash, which incurs no direct payment fees for users. UPI disrupts this model by offering near-zero-cost transactions, which could pressure banks to adapt to new revenue models. Mbugua Njihia Ali Hussein Kassim Robert Ochieng How does our local landscape look like... Your thoughts? #ChangeManagement #ITGovernance #DigitalPayments #FintechInnovation #UPIRevolution #FutureOfBanking #CashlessEconomy #FinancialInclusion #GlobalFintech #PaymentsInnovation #FintechDisruption #DigitalTransformation #BankingTrends #FintechFuture #FreePayments #TechInBanking

UPI is an instant real-time payment system developed by the National Payments Corporation of India 🇮🇳 𝗛𝗲𝗿𝗲 𝗶𝘀 𝗵𝗼𝘄 𝗶𝘁 𝘄𝗼𝗿𝗸𝘀: Source: ByteByteGo Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]  #payments #paytech #upi #india #digitalpayments #fintech #fintechindustry #financialtechnology 

UPI is an instant real-time payment system developed by the National Payments Corporation of India 🇮🇳 𝗛𝗲𝗿𝗲 𝗶𝘀 𝗵𝗼𝘄 𝗶𝘁 𝘄𝗼𝗿𝗸𝘀: Source: ByteByteGo Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #upi #india #digitalpayments #fintech #fintechindustry #financialtechnology 

NPCI's Bharat BillPay Ltd is gearing up to launch an interoperable payment system for internet banking transactions this year. This groundbreaking initiative promises swift fund settlements for merchants, addressing longstanding challenges in online payments. With UPI's dominance, capturing 80% of the market share, the timing couldn't be more opportune! 💼💳 Additionally, this development opens up exciting opportunities for fintech companies to innovate and collaborate within the evolving digital payments landscape. Let's stay tuned for the transformative impact this will have on the industry! #DigitalPayments #Interoperability #FintechOpportunities

Revolutionizing the fintech game! The National Payments Corporation of India (NPCI) has reshaped the financial landscape with its game-changing Unified Payment Interface (UPI). The UPI has brought simplicity, speed, and innovation in every transaction. It has made financial transactions easier and more efficient, empowering millions of people across India. This is a true #FintechRevolution that deserves recognition. #UPIInnovation

UPI is an instant real-time payment system developed by the National Payments Corporation of India 🇮🇳 𝗛𝗲𝗿𝗲 𝗶𝘀 𝗵𝗼𝘄 𝗶𝘁 𝘄𝗼𝗿𝗸𝘀: Source: ByteByteGo Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #upi #india #digitalpayments #fintech #fintechindustry #financialtechnology 

The rise of digital wallets and UPI in India shows how innovation can revolutionize everyday transactions. Fast, easy, and safe – the future of payments is here! #UPI #DigitalPayments #TechInnovation

India's digital payment landscape is dominated by UPI (Unified Payments Interface), a popular real-time payment system. While UPI has been instrumental in driving digital payments, the interoperable payment system for internet banking could address limitations faced by certain transactions and complement existing payment options. Here's a breakdown of what it entails : - An interoperable system means it will allow customers to make payments to businesses through net banking regardless of whether their banks and the merchants' payment aggregator are directly integrated. - Currently, if a bank and a merchant's payment aggregator aren't integrated, customers might face difficulties completing online transactions. Follow Knometrix for more insights. #Finance #marketresearch #industryresearch #Insights #Strategy #financialindustry #payments #upi #rbi #India

Now you don’t need a bank account to make UPI transactions! How? National Payments Corporation Of India (NPCI) has announced UPI Circle a new payment feature. Here you can add upto 5 people to make payments using your UPI-Id as secondary users. These secondary users are not required to have a bank account. Delegation Options under the new feature: ➡️Full Delegation: secondary users can pay upto ₹15000/month with a per transaction limit of ₹5000. ➡️Partial Delegation: primary user gets to approve each transaction initiated by a secondary user. This new feature is being tested with a select group of people and will soon be available for everyone. How would you use this new feature? #upi #gpay #phonepe #finance #payments #fintech #paytm