In a meeting in New Delhi on Tuesday, Department of Financial Services (DFS) Secretary Dr. Vivek Joshi chaired a meeting where initiatives such as CKYC, the Jan Samarth portal, Aadhar seeding, and other relevant schemes were reviewed.
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The total value of UPI transactions processed on the Paytm platform grew to Rs 1.24 trillion in May, on the back of the company launching several initiatives for users such as Credit Card on UPI, as well as pushing the lever on UPI Lite.
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The RBI report further adds "Fast Payment System (FPS) collaboration with group of countries like EU and SAARC, as well as multilateral linkages will be explored".
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Adani Group is considering providing online shopping services through the Open Network for Digital Commerce (ONDC), as per media reports
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Hyderabad has the highest personal monthly income at Rs 44,000
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UPI frauds are on the rise and can be of several types. Being aware of such frauds and exercising caution can ensure that you do not fall into the trap
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