#Thread 🧵| UPI 2.0
RBI is set to launch new features for UPI 2.0.
UPI is set to give stiff competition to VISA and MasterCard monopoly as UPI goes international.
First let’s know about the countries Adopted UPI for digital payments.
#UPI
#ModiHaiToMumkinHai
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RBI is set to launch new features for UPI 2.0.
UPI is set to give stiff competition to VISA and MasterCard monopoly as UPI goes international.
First let’s know about the countries Adopted UPI for digital payments.
#UPI
#ModiHaiToMumkinHai
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🔘#Liquidgroup signed an agreement with NIPL in Sept 2021.
They will provide UPI based QR code payment system in Singapore, Malaysia, Thailand, the Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan by 2022 Q1.
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They will provide UPI based QR code payment system in Singapore, Malaysia, Thailand, the Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan by 2022 Q1.
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#UAE
Similarly Arab Monetary Fund signed an agreement with #NIPL to connect UPI with Buna payment platform in March 8, 2022 .
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Similarly Arab Monetary Fund signed an agreement with #NIPL to connect UPI with Buna payment platform in March 8, 2022 .
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#FRANCE:
Lyra Network has signed an MoU with NIPL for accepting payments made via UPI and RuPay cards.
Similarly India is in talks with Australia and Russia to do the same.
This will revolutionize the entire cross border payment system with India as the leader.
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Lyra Network has signed an MoU with NIPL for accepting payments made via UPI and RuPay cards.
Similarly India is in talks with Australia and Russia to do the same.
This will revolutionize the entire cross border payment system with India as the leader.
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Now coming back to new features of UPI 2.0.
🔘#CreditCard :
Now credit cards and UPI will be linked. Initially it will be applicable for #RuPay cards only but later it will be enabled for other cards.
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🔘#CreditCard :
Now credit cards and UPI will be linked. Initially it will be applicable for #RuPay cards only but later it will be enabled for other cards.
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🔘#UPILite:
UPI Wallet is going to be introduced where we can store up to 2000 rupees in the wallet and this will be used for smaller transactions up to 200 rupees.
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UPI Wallet is going to be introduced where we can store up to 2000 rupees in the wallet and this will be used for smaller transactions up to 200 rupees.
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🔘#UPI123:
This feature will enable us to do UPI transactions offline. Just by dialling 123 and following instructions.
This is help people using non-smartphones.
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This feature will enable us to do UPI transactions offline. Just by dialling 123 and following instructions.
This is help people using non-smartphones.
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🔘#UPIAutoPay :
We will be able to do all EMI, Insurance premium and Apple wallet payments through UPI Autopay.
With all these features UPI is set to conquer global #Fintech sector.
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We will be able to do all EMI, Insurance premium and Apple wallet payments through UPI Autopay.
With all these features UPI is set to conquer global #Fintech sector.
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Major benefit will be for the international travellers as they will not need to exchange their currency anymore. All they have to do is to use UPI. As simple as that.
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cc:
@VarunKrRana @SaffronSwamy @AparBharat @thehawkeyex @MumbaichaDon @pallavict @BeingBHK @vijaygajera @FltLtAnoopVerma @EkVishwa @Vadicwarrior @TheRudra1008 @UshaNirmala @sowmiyasid @desimojito @seriousfunnyguy
@VarunKrRana @SaffronSwamy @AparBharat @thehawkeyex @MumbaichaDon @pallavict @BeingBHK @vijaygajera @FltLtAnoopVerma @EkVishwa @Vadicwarrior @TheRudra1008 @UshaNirmala @sowmiyasid @desimojito @seriousfunnyguy
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