Looking at the side mirrors of a car or a bike, you may have noticed the phrase 'objects in the mirror are closer than they appear' written on them. This ‘warning’ is a mandatory requirement by the US Federal Motor Vehicle Safety Standards.
Published: Odishatv Bureau
Last updated: 23 February 2023, 04:11 PM IST
UPI, widely regarded as one of the best digital payment methods, is slowly going global. The Indian government is actively promoting the expansion of digital payment systems like UPI to facilitate convenient cross-border transactions and reduce the cost of fund transfers and remittance payments. The UPI payment facility is soon to be extended to inbound foreign travelers from G20 countries for making merchant payments.
NPCI clarified that the interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account based UPI payments.
The price of gold has skyrocketed to reach a lifetime high rate. With a spike of around Rs 5000 in the last 10 days, the cost of 22-carat gold per 10 grams reached Rs 55400 on Sunday in Bhubaneswar which was Rs 50500 on March 9. Similarly, the price of 24-carat gold per 10 grams has reached Rs 61400 in Bhubaneswar which was Rs 57620 last week.
You have physical cash, digital payments, UPI. And now there’s digital Rupee or the Central Bank Digital Currency or CBDC. So what’s the difference? Digital rupee will be issue d by RBI & will appear on RBI balance sheet. While normal money in digital form & recorded on commercial bank ledgers.
UPI, widely regarded as one of the best digital payment methods, is slowly going global. The Indian government is actively promoting the expansion of digital payment systems like UPI to facilitate convenient cross-border transactions and reduce the cost of fund transfers and remittance payments. The UPI payment facility is soon to be extended to inbound foreign travelers from G20 countries for making merchant payments.
NPCI clarified that the interchange charges introduced are only applicable for the PPI merchant transactions and there is no charge to customers, and it is further clarified that there are no charges for the bank account to bank account based UPI payments.
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