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Unified Payments Interface the product to enable money transfers both Push and Pull through Smart Phones

News and Press Release - Dated:- 7-5-2016 - Reserve Bank of India (RBI) has informed that it has given in-principle approval to National Payments Corporation of India (NPCI) for implementing Unified Payments Interface (UPI). The product will enable money transfers - both Push and Pull through smart phones. The two important features of UPI are, (i) it facilitates customer convenience by eliminating the need for providing detailed account/beneficiary details, through the use of virtual address an .....

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