A top Indian public sector bank wanted to grow its digital payment offerings and was eager to integrate into the UPI ecosystem. To elevate the UPI experience for both customers and merchants, they turned to Euronet for their expertise. Here’s how Euronet made a difference: • Designed a unique solution on NPCI UPI rails. • Enhanced the bank’s capabilities by implementing new mandates and features. • Offered distinctive use cases and functionalities to boost capabilities. • Implemented robust support within the bank’s merchant application. • Seamlessly integrated the bank into the UPI Lite platform. Click below to read the case study on how Euronet propelled one of India’s largest banks to become a digital payments trailblazer with a complete merchant platform! Link- https://lnkd.in/dZzfgh-G? #DigitalPayments #UPI #Fintech #Euronet #Innovation #BankingTransformation #CaseStudy For more thought leadership on modernizing UPI, click the link here:- https://lnkd.in/dWYYzpEb
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The Indian real-time Payments market is defined by FinTechs linked to the national UPI system. Mobile wallet-based Payments are overwhelmingly funded through UPI, rather than cards (or other sources). As a result, the huge potential growth in the market is disproportionately going to benefit the wallet providers, rather than the banks. I highly recommend reading this great #fintechreport by ACI Worldwide for more interesting stats and insights below👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #paymentservices #upi #digitalbanking #fintech #fintechindustry #financialtechnology
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The Indian real-time Payments market is defined by FinTechs linked to the national UPI system. Mobile wallet-based Payments are overwhelmingly funded through UPI, rather than cards (or other sources). As a result, the huge potential growth in the market is disproportionately going to benefit the wallet providers, rather than the banks. I highly recommend reading this great #fintechreport by ACI Worldwide for more interesting stats and insights below👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #paymentservices #upi #digitalbanking #fintech #fintechindustry #financialtechnology
The Indian real-time Payments market is defined by FinTechs linked to the national UPI system. Mobile wallet-based Payments are overwhelmingly funded through UPI, rather than cards (or other sources). As a result, the huge potential growth in the market is disproportionately going to benefit the wallet providers, rather than the banks. I highly recommend reading this great #fintechreport by ACI Worldwide for more interesting stats and insights below👇 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #paymentservices #upi #digitalbanking #fintech #fintechindustry #financialtechnology
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#TechSparksMumbai2024 | The National Payments Corporation Of India (NPCI) aims to close the current FY with UPI capturing a market share of 10% in the credit space, said MD and CEO, Dilip Asbe. The payments body is looking to grow the number by at least 10% every year, said Asbe. Asbe added that active participation from, and collaboration with, banks and fintech firms in the country will help NPCI realise this milestone. Read more at the link in our comments section 👇 by Sowmya R | #DilipAsbe #TechSparks #UPI
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UPI Interoperable Cash Deposit (ICD) is Here – No Card, No Hassle! 💡 Straight from the Global Fintech Fest 2024, I’m thrilled about the launch of UPI Interoperable Cash Deposit (ICD) in India! This innovation is set to revolutionize cash deposits with just a few taps on your phone – no debit card required. 🙌 🔹 How It Works: 1. Find an ATM supporting UPI-ICD. 2. Scan the QR code using any UPI app. 3. Enter the amount, insert cash, confirm with your UPI PIN. 🔹 Why You’ll Love It: • No Card Needed: Just your phone. • Instant Credit: Real-time deposits. • Secure: As safe as any UPI transaction. • Limit: Up to ₹50,000 per deposit. Starting with Axis Bank and Union Bank, expect more banks to join soon. The future of cash deposits just got easier, faster, and 100% paperless! 🚀 Looking forward to exploring its potential and seeing how it reshapes our banking experience! #UPI #Fintech #GlobalFintechFest2024 #DigitalBanking #Innovation #CashDeposits #India #TechSimplified
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Self belief and cricket player | AIML Students | Future Technical Entrepreneur | C | C |Java | python | Design Thinking Future Skills
Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI) that allows instant transfers between bank accounts via mobile devices. Launched in 2016, UPI simplifies digital transactions by linking multiple bank accounts to a single UPI ID, facilitating both person-to-person (P2P) and person-to-merchant (P2M) payments. It operates 24/7, offers low-cost transactions, and uses two-factor authentication for security. UPI's ease of use, interoperability across banks, and wide adoption have driven its rapid growth, playing a key role in India’s move toward a cashless economy. #snsinstitutions #snsdesignthinkers #designthinking
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Did You Know? 📊 UPI transactions surged by 45% this year, with a record Rs 20.64 trillion total transaction value! 🚀 Swipe through our carousel to dive into the impressive stats and trends shaping the future of digital payments. 🌟 Stay tuned for more fintech insights! 💡 #upi #npci #digitalpayments #fintechfriday #fintechsolutions
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New Report Alert: India's UPI pioneered real-time payments, setting a benchmark for financial innovation globally. In Brazil, PIX subsequently embraced a similar adoption trajectory. In our report, we cover how India's UPI and Brazil's PIX are similar in design but nuanced in implementation. Swipe this report to learn more about UPI and PIX and how they're transforming the local markets and inspiring global economies. Follow the link in comments to read a more in-depth version of our report. We look forward to your feedback and comments. Stay tuned for more such reports. #India #UPI #Brazil #Pix #RealTimePayments #DigitalPayments #FinTech #Payments
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In a significant move towards enhancing digital financial services, Askari Bank, 1LINK (Pvt) Limited, and kuickpay have signed a tripartite agreement to streamline the bulk onboarding of billers. The partnership leverages the capabilities of kuickpay and the #1BILL aggregation platform to provide seamless integration and improved service delivery. This collaboration aims to facilitate a more efficient and user-friendly experience for #billers, enhancing the overall digital payment infrastructure. By combining the strengths of #AKBL's banking services, 1LINK's extensive network, and kuickpay's innovative solutions, the partnership is poised to set new standards in the digital financial services sector. Read more: https://lnkd.in/dBtRUBmh Askari Bank, 1LINK (Pvt) Limited, kuickpay, Ali Naqvi, Bashir Khan, Syed Saqib Ali #AskariBank #AKBL #1LINK #Kuickpay #1Bill #BulkPayments #DigitalPayments #OnlinePayments #BulkPayments #Securepayments #Digitalpayments #financialinclusion #Google #Technology #Innovation #FintechRevolution #Pakistanfintech #fintech #PakistanFintechnews #FintechnewsPakistan
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Real time, account to account payments is definitely the exciting growth prospect for payments in Australia over the next five years. With Azupay driving true innovation with Australia's first commercialised #PayID solution for business receivables, we've seen this meteoric rise in the take up by businesses and consumers. Many of our business customers are seeing double digit % month on month increases in repeat usage of PayID among their customers, both in C2B and B2B. This really cements the adoption and acceptance for this revolutionary payment solution! Azupay having also been first to release #PayTo to market and process the first PayTo transaction, we're excitedly watching the innovation roll out to market, as consumer awareness drives the adoption! #realtimepayments #fintech #NPP Australian Payments Plus #fintechaustralia Emerging Payments Association Asia #innovationinpayments
As Australia continues its digital transformation, account-to-account payments are revolutionising the way we move money. From the rise of real-time payments via the NPP to PayTo’s impact on recurring transactions, the shift is undeniable. 🚀 The global real-time payments market is projected to grow by 23.6% annually through 2030, and Australia’s NPP is at the forefront of this revolution. 📲 As PayTo becomes a key player in the $1.5 trillion subscription economy by 2025, businesses and consumers will experience enhanced control and transparency. 🔒 The RBA is pushing for all NPP-connected banks to adopt PayID's Confirmation of Payee feature, ensuring payments reach the right recipient and reducing fraud in account-to-account transactions. Is your business ready to embrace the future of payments? Partner with Azupay to stay ahead of the curve: https://lnkd.in/g9ni5x-b #RealTimePayments #PayTo #PaymentsInnovation #PayID #NPP #Azupay #Fintech #FutureOfPayments
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Regional Operations Manager-Bihar at Aditya Birla Finance Ltd. |Leadership Skills-IIM Ahmedabad
🚀 Exciting News! 🚀 RBI has introduced a groundbreaking feature for UPI called Delegated Payments. This innovation allows a primary user to authorize another individual to make UPI transactions from their bank account up to a specified limit. This feature aims to enhance the reach and capabilities of digital payments, making transactions more convenient and accessible for everyone. 🌐💸 #DigitalPayments #Fintech #UPI #Innovation #RBI
