https://www.taxtmi.com/news?id=16145 RBI has granted in-principle approval to NPCI to implement the Unified Payments Interface (UPI), enabling mobile push and pull transfers via a virtual address that removes the need to provide detailed account or beneficiary information, and facilitating interoperability of person-to-merchant payments; RBI also reported expansion of ATM capacity and increased debit-card ATM transaction volumes and has issued licensing guidelines for payments banks to promote financial inclusion through small savings and payments/remittance services. en-us Sat, 07 May 2016 13:02:52 +0530 Sat, 07 May 2016 13:02:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16145 RBI has granted in-principle approval to NPCI to implement the Unified Payments Interface (UPI), enabling mobile push and pull transfers via a virtual address that removes the need to provide detailed account or beneficiary information, and facilitating interoperability of person-to-merchant payments; RBI also reported expansion of ATM capacity and increased debit-card ATM transaction volumes and has issued licensing guidelines for payments banks to promote financial inclusion through small savings and payments/remittance services. News - Sat, 07 May 2016 13:02:52 +0530 https://www.taxtmi.com/news?id=16145