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Transforming Payments in Namibia: UPI and the End of Cheques

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Namibians get ready to experience the magic of India’s home-grown Real Time Retail Payment System. Yes,  UPI  is on the way to Namibia. The ball has been put in motion with the agreement between NPCI International and Bank of Namibia. The goal is roll-out a  UPI  like Real Time Retail Payment System in Namibia by 2025.   In a groundbreaking move towards modernizing Namibia's financial landscape, the National Payments Corporation of India (NPCI) International Payments Limited (NIPL) has forged a strategic partnership with the Bank of Namibia (BoN) to deploy India’s Unified Payment Interface ( UPI ) in the African nation. This collaboration, announced on 2nd May 2024, marks a significant leap forward in bolstering Namibia’s financial infrastructure and promoting inclusive economic growth. The  UPI  Revolution The Unified Payment Interface ( UPI ) has been a game-changer in India's financial sector since its inception. With its seamless and instant payment capabili

Exploring the Global Fintech Festival 2024: A Journey with Key Partners

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  GFF 2024 – Partners as on 1st May 2024 Any plans to attend GFF 2024? Link to my Curtain raiser @ https://prashantnepayments.blogspot.com/2024/04/curtain-raiser-global-fintech-fest-gff.html   The Global Fintech Festival 2024 is poised to be an extraordinary showcase of innovation and collaboration in the fintech landscape. As an avid observer and enthusiast, I am thrilled to delve into the realm of fintech excellence alongside key partners who are instrumental in shaping this groundbreaking event. Co – Powered by G Pay Technology Partner _ Perfios Brought To You By _ Master Card Brought To You By _ Punjab National Bank Associate Partner _ NEOKRED Associate Partner _ Razorpay Payment Enabler _ Lyra Supported By _ World Bank   Few lines about GFF 2024 Partners. Please view the respective partner pages for more information. ** G Pay : ** *Money made simple, by Google.* G Pay's commitment to simplifying financial transactions resonates deep

Unveiling the Theme: GFF 2024 and the Blueprint for Future Finance

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  Any plans to attend GFF 2024? Link to my Curtain raiser @ https://prashantnepayments.blogspot.com/2024/04/curtain-raiser-global-fintech-fest-gff.html   In the bustling realm of fintech, where innovation meets finance, the Global Fintech Fest (GFF) shines as a beacon of collaboration and foresight. Organized annually by the Payments Council of India (PCI), the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC), GFF has burgeoned into one of the foremost gatherings in the fintech sphere. As it gears up for its fifth edition in 2024, GFF unveils a theme that not only captures the essence of the conference but also sets a bold agenda for the future : ‘Blueprint for the next decade of finance: Responsible AI| Inclusive| Resilient.’   The theme of GFF 2024 serves as the nucleus around which the entire conference revolves. In a world marked by socio-political upheavals, economic turbulences, and technological leaps, the imperative for a gl

RBI invites comments to further enhance the transparency of Digital Loan Aggregators

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               Digital Loan Aggregators are part and parcel of India’s retail assets scenario. The numbers of retail loans sourced from DLPs are going up and up.             To further safeguard the borrower’s interest and also encourage lenders to offer their best services, Reserve Bank of India has placed on its website Draft Circular “Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders”.             This is an opportunity for you to offer your views to Reserve Bank of India . Are you ready?? **RBI Opens Discussion on Digital Lending Transparency**   The Reserve Bank of India (RBI) has taken a significant step towards enhancing transparency in digital lending by inviting comments on its Draft Circular titled "Digital Lending – Transparency in Aggregation of Loan Products from Multiple Lenders." This move aligns with the RBI's commitment to fostering fair practices in the financial sector, as outlined in its Statement on Devel

Voting Day in Karnataka – I have cast my vote – Thank you ECI

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**Empowering Democracy: The Incredible Work of the Election Commission of India** Today, as I cast my vote, I do so with gratitude for the tireless efforts of the ECI in upholding the pillars of democracy. Today marks Voting Day across 88 Lok Sabha constituencies in India, and as I cast my vote, I can't help but reflect on the monumental effort behind this democratic process. The Election Commission of India (ECI) deserves immense appreciation for orchestrating this event seamlessly. Amidst the high-decibel campaign urging citizens to exercise their voting rights, the pivotal role of the ECI and its officials often goes unnoticed. Beyond the few seconds spent at the polling booth, a vast machinery operates behind the scenes to ensure the success of this democratic exercise.   The scale of this operation is staggering. Coordinating with numerous departments, the ECI meticulously plans every aspect of the polling process to minimize inconvenience for voters. From ensu

NPCI’s RuPay 'Link it, Forget it' Campaign: Redefining Wallet-Free Lifestyle at IPL 2024

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  NPCI’s RuPay 'Link it, Forget it' Campaign: Redefining Wallet-Free Lifestyle at IPL 2024          One the major innovations in the Fin Tech arena in 2024 is the ability to link your RuPay Credit Card in a UPI App and forget your physical card at home.          The popularity of this innovation reflects in the increase of RuPay Credit card volumes. As more and more merchants start accepting this payment mode, the volumes will just keep going up and up.          In this regard, to enhance the recall value of RuPay Credit Cards via UPI, NPCI has rolled out an advertising campaign.          Majority of UPI Apps viz BHIM / Google Pay / Paytm / PhonePe, etc  now offer this facility.                   In a world where convenience is king, RuPay, as an associate partner for TATA IPL 2024, has taken a bold step towards revolutionizing digital payments with its latest campaign, 'Link it, Forget it'. The campaign, unveiled at the Indian Premier League, is designed