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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 m .....

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d (ii) it facilitates interoperability of person-to-merchant payments (both push and pull). As regards performance of ATMs, as per RBI data, the numbers of ATMs of Scheduled Commercial Banks (SCBs) have increased from 141516 as on 31.12.2013 to 19362 .....

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