{"id":86348,"date":"2019-11-15T15:19:38","date_gmt":"2019-11-15T09:49:38","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11608"},"modified":"2019-11-15T15:19:38","modified_gmt":"2019-11-15T09:49:38","slug":"bhim-upi-goes-global","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/bhim-upi-goes-global\/","title":{"rendered":"BHIM UPI goes global"},"content":{"rendered":"\n<p><strong>News:<\/strong>Recently,to internationalize the BHIM UPI a pilot demo was conducted in Singapore with a live transaction at a merchant terminal at the FinTech Festival 2019.&nbsp;<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The project is being jointly developed by National Payments Corporation of India (NPCI) and Singapore\u2019s Network for Electronic Transfers (NETS).&nbsp;<\/li><li>This QR code-based system would allow anyone with a BHIM app to scan Singapore Quick Response Code(SGQR) at NETS terminals in Singapore for payments.<\/li><li>The project is targeted to go fully live by February 2020 and cover thousands of terminals in Singapore after the Reserve Bank of India\u2019s (RBI\u2019s) approval.&nbsp;<\/li><li>Further,by February 2020,it is also expected that all RuPay cards, including domestic ones will be acceptable in Singapore.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About BHIM:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Bharat Interface for Money(BHIM) is Unified Payments Interface(UPI) based payment interface application that allows real time fund transfer<\/li><li>The app has been launched in 2016.It was developed by the National Payments Corporation of India (NPCI).<\/li><\/ul>\n\n\n\n<p><strong>About UPI:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application of any participating bank.<\/li><li>The interface has been developed by National Payments Corporation of India (NPCI).<\/li><li>It merges several banking features, seamless fund routing &amp; merchant payments into one hood.&nbsp;<\/li><\/ul>\n\n\n\n<p><strong>About National Payments Corporation of India(NPCI):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>NPCI is an umbrella organisation for operating retail payments and settlement systems in India.<\/li><li>It is an initiative of Reserve Bank of India (RBI) and Indian Banks\u2019 Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007 for creating a robust Payment and Settlement Infrastructure in India.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:Recently,to internationalize the BHIM UPI a pilot demo was conducted in Singapore with a live transaction at a merchant terminal at the FinTech Festival 2019.&nbsp; Facts: The project is being jointly developed by National Payments Corporation of India (NPCI) and Singapore\u2019s Network for Electronic Transfers (NETS).&nbsp; This QR code-based system would allow anyone with a&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/bhim-upi-goes-global\/\">Continue reading <span class=\"screen-reader-text\">BHIM UPI goes global<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3927,2645],"class_list":["post-86348","post","type-post","status-publish","format-standard","hentry","category-economy","tag-bhim-upi","tag-singapore","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704841899},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86348"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86348\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}