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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India’s Unified Payments Interface, or UPI, has gained name and fame across the world—perhaps for the first time that Indian tech has been hailed for developing an innovative platform, as opposed to software services.
Launched by the National Payments Corporation of India, or NPCI, in 2016, the instantaneous digital payments platform has witnessed a stunning growth, from processing Rs 3 crore worth of transactions in August 2016 to Rs 3 lakh crore in August 2020. In just four years, UPI alone accounts for close to 50% of all retail payments processed in India, in terms of transaction volumes.
UPI may …
A new partnership between the two investment giants; Dubai Investments Park opens for subscription; and fears of war, once again.
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
