UPI Recognized as World's Top Real-Time Payment System by IMF

The International Monetary Fund (IMF) has recognized India's Unified Payments Interface (UPI) as the largest real-time payment system globally, accounting for 49% of transaction volume. Reports depict UPI's competitive edge over systems in countries like Brazil and Thailand. Efforts like the Payments Infrastructure Development Fund (PIDF) continue to drive the adoption of UPI, bolstering digital payments across India. By supporting small merchants and implementing widespread QR deployments, the Indian government aims to further expand digital payment usage.

Source: Original Link

Read more

APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link