The Reserve Bank of India's move to allow automatic replenishment of UPI Lite wallets is set to benefit Paytm. More emerging markets are adopting UPI-like systems and integrating Indian UPI. ATM operators in India are seeking a hike in interchange fees for cash withdrawals, appealing to RBI and NPCI for support. The integration of UPI is boosting the distribution of RuPay credit cards, with a significant increase in issuance.
📈| #RuPay credit cards are seeing a growth in usage after linking with UPI, with its issuance at 30%, up from a mere 5% in 2022-23.
You may have to pay more for withdrawing cash from ATMs. The Confederation of ATM Industry has reportedly requested RBI and the NPCI to increase the interchange fee for cash withdrawals #atm #rbi #npci https://t.co/XcxXtfWqeV
#UPI integration gives a fillip to #RuPay credit cards distribution https://t.co/JME4CAnpK3
#ITNewsByte | ATM operators in the country are pushing for a hike in the interchange fee on cash withdrawals and have appealed to the Reserve Bank of India and the National Payments Corporation of India to support their request, The Economic Times reported. Watch the video for… https://t.co/fNeObltEac
You may have to pay more for ATM cash withdrawals: Report #ATM #cash #bank #fee https://t.co/7TdffETcbQ
More Emerging Markets are designing UPI-Likr systems & others are integrating the Indian #UPI with theirs. #fintech #payments #Peru https://t.co/nxu8QRfVAC
#Paytm set to gain from RBI's move to allow automatic replenishment of UPI Lite wallets https://t.co/625OM3y2Hs #payments #fintech #INdia #wallets