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Nine Years Later: How Demonetization Reshaped India’s Economy and Outflanked Pakistan’s Fake Currency Networks

By BPN News Desk
On the evening of November 8, 2016, India came to a standstill. Millions lined up outside banks, clutching stacks of suddenly worthless notes. The government’s announcement to invalidate ₹500 and ₹1,000 notes overnight was met with confusion, panic, and fierce debate. Economists called it reckless. Politicians called it a stunt. But few understood that demonetization […]
International

Qatar Joins India’s UPI Payment Network

By BPN News Desk
Qatar has become the eighth country to accept India’s Unified Payments Interface (UPI). Indian travellers in Qatar can now make payments using UPI at select merchants, easing the need for cash or currency exchange. How the Integration Works The rollout is enabled through a partnership between NPCI International Payments Ltd (NIPL) and Qatar National Bank […]
Business Finance

UPI‑PayNow Links 19 Banks for SG Transfers

By BPN News Desk
The National Payments Corporation of India (NPCI) has expanded the UPI‑PayNow facility by adding 13 more Indian banks to its international remittance network. With this update, a total of 19 Indian banks can now facilitate real-time cross-border fund transfers between India and Singapore. Real-Time Transfers Made Easier The UPI‑PayNow integration allows Indian residents to
South India State News

Bengaluru Vendors Ditch UPI, Return to Cash

By BPN News Desk
In Bengaluru, several small traders, food vendors, and street shopkeepers have stopped accepting UPI payments and switched back to cash-only transactions. The shift follows a wave of GST notices sent to unregistered vendors whose UPI transactions crossed prescribed turnover thresholds. Many vendors fear that digital payment records are being used by tax authorities to
Business Finance

India Tops Fastest Digital Payments List with UPI

By BPN News Desk
India has emerged as the world’s fastest digital payments market, largely driven by the widespread use of the Unified Payments Interface (UPI). According to recent global financial assessments, India now records over 18 billion UPI transactions every month, making it the largest real-time retail payments system globally by volume. Cash and Card Use on the […]

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