International
India and Cyprus have signed a landmark Memorandum of Understanding (MoU) to introduce the Unified Payments Interface (UPI) in the Mediterranean nation, expanding India’s digital payment footprint into Europe. The agreement was formalized during Prime Minister Narendra Modi’s visit to Limassol, marking the first by an Indian prime minister to Cyprus in over two decades.
Finance
A recent survey by the Reserve Bank of India (RBI) reveals that cash remains the primary mode of transaction among Indian farmers, even as digital payment methods gain traction nationwide. The study indicates that while digital payments have seen significant growth, cash continues to be the favored instrument for agricultural transactions. Digital Payment Adoption on […]