Earlier this year, India took a major step toward giving its cash-driven economy a mobile payment spin. The country’s Reserve Bank of India (RBI) announced in April the launch of a new mobile-powered system called “Unified Payment Interface” (UPI), which is designed to facilitate money...
India just took a major step toward giving its cash-driven economy a mobile payment spin. The country’s Reserve Bank of India (RBI) announced the launch of a new mobile-powered system called “Unified Payment Interface” (UPI), which has been designed to facilitate money transfer through email and...
July 13, 2017
Over the last 18 months, India has moved full-speed ahead from a nearly entirely cash-based society to one with ambitions of being totally cashless. The most public — and most famous — step in that direction is demonetization in India, when last November the central government suddenly and rapidly banned 500- and 1,000-rupee Indian notes. Thus, in […]
August 31, 2016
Earlier this year, India took a major step toward giving its cash-driven economy a mobile payment spin. The country’s Reserve Bank of India (RBI) announced in April the launch of a new mobile-powered system called “Unified Payment Interface” (UPI), which is designed to facilitate money transfer through emails and text messages. Just months later, the […]
April 12, 2016
India just took a major step toward giving its cash-driven economy a mobile payment spin. The country’s Reserve Bank of India (RBI) announced the launch of a new mobile-powered system called...
