UPI surge: India leads the world in fast payments; 18 billion monthly transactions power growth

India has become the world’s top player in real-time digital payments, largely due to the rapid growth of the Unified Payments Interface (UPI), according to a recent International Monetary Fund (IMF) note titled ‘Growing Retail Digital Payments: The Value of Interoperability’.Launched in 2016 by the National Payments Corporation of India, UPI has revolutionised the country’s…

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‘Unjustified and illegal’: Rosneft slams EU’s sanctions on Nayara Energy; says India’s energy security at risk

Russian oil giant Rosneft has hit out at the European Union for imposing sanctions on its Indian affiliate Nayara Energy, calling the move “unjustified and illegal” and warning that it could directly threaten India’s energy security. In a statement issued Sunday, Rosneft said the EU’s action amounted to extraterritorial and politically motivated restrictions that infringe…

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