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UPI transaction at all-time high; crosses 1B mark in October

Saturday, November 2, 2019, 1:20 PM

National Payments Corporation of India(NPCI) said the number of transactions of UPI has crossed the landmark figure of 1 billion in October. "The total transactions of UPI jumped to 1.15 billion in October 2019 from 0.96 billion in September 2019," NPCI said in a release. Total transaction value of UPI stood at Rs.1.91L-crore during the month, up from Rs.1.61L-crore in the previous month.
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Soon, you can pay via UPI all over the world

Thursday, October 24, 2019, 10:36 AM

Indians travelling abroad may soon be able to use the Unified Payments Interface (UPI) to pay for goods and services there, according to two bankers in the know of the matter. UPI is an inter-bank fund transfer mechanism run by the National Payments Corporation of India (NPCI) and enables instant fund settlement through a smartphone.
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Axis Bank launches short-term online fixed deposits

Tuesday, October 1, 2019, 11:02 AM

Axis Bank, India's third-largest private-sector bank, announced the launch of 'Express FD', a digital FD product that allows a customer to open an FD account in three minutes through the digital-mode without opening a savings account with the bank. 'Express FD' offers attractive interest rates, zero issuance fees and no penalty on pre-mature withdrawal of up to 25% of the amount, the bank said.

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