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IMF Lists UPI As World's Largest Real-Time Payment System
The International Monetary Fund (IMF) has recognised India's Unified Payments Interface (UPI) as the world's largest retail fast-payment system by transaction volume, the Parliament was informed on Monday.
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'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
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India's UPI Revolution Powers 50% Of World's Digital Payments
India is now a global leader in fast payments and theUnified Payments Interface (UPI)is the main driver, as per the InternationalMonetary Fund(IMF).
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India Now Makes Faster Payments Than Any Other Country: IMF Note On UPI
India now makes faster payments than any other country with the quick growth of UPI, and the usage of other instruments, including debit and credit cards, is on the decline, according to an IMF note.
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'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
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El Salvador Makes Bitcoin Payments Voluntary for Private Sector Merchants to Comply with IMF Loan Conditions
The IMF asked El Salvador to limit its engagement with Bitcoin in order to receive a loan of $1.4 billion (roughly Rs. 12,129 crore). To align with IMF’s condition, El Salvador has made BTC payments voluntary for local merchants in the private sector.
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IMF Chief Seeks More Details On BRICS Payments System Plans
The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday.
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IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
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Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
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IMF-FSB, Regulators Set Out Roadmap to Coordinate Global Cooperation on Crypto Asset Regulation
The International Monetary Fund (IMF) and global financial regulators are seeking to increase international cooperation and information sharing by IMF and G20 group members on regulating crypto assets. The global financial agency also states that benefits of crypto assets like cheaper and faster cross-border payments, and increased financial inclus...
-
IMF Lists UPI As World's Largest Real-Time Payment System
The International Monetary Fund (IMF) has recognised India's Unified Payments Interface (UPI) as the world's largest retail fast-payment system by transaction volume, the Parliament was informed on Monday.
-
'India Proved Doubters Wrong...': IMF Chief's Praise In Global Economy Meet
IMF chief Kristalina Georgieva praised India's 'bold economic and structural reforms' - from revised direct and indirect tax laws to the mass rollout of a digital payments ecosystem - on the first day of a meeting of world financial leaders.
-
India's UPI Revolution Powers 50% Of World's Digital Payments
India is now a global leader in fast payments and theUnified Payments Interface (UPI)is the main driver, as per the InternationalMonetary Fund(IMF).
-
India Now Makes Faster Payments Than Any Other Country: IMF Note On UPI
India now makes faster payments than any other country with the quick growth of UPI, and the usage of other instruments, including debit and credit cards, is on the decline, according to an IMF note.
-
'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
-
El Salvador Makes Bitcoin Payments Voluntary for Private Sector Merchants to Comply with IMF Loan Conditions
The IMF asked El Salvador to limit its engagement with Bitcoin in order to receive a loan of $1.4 billion (roughly Rs. 12,129 crore). To align with IMF’s condition, El Salvador has made BTC payments voluntary for local merchants in the private sector.
-
IMF Chief Seeks More Details On BRICS Payments System Plans
The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday.
-
IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
-
Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
-
IMF-FSB, Regulators Set Out Roadmap to Coordinate Global Cooperation on Crypto Asset Regulation
The International Monetary Fund (IMF) and global financial regulators are seeking to increase international cooperation and information sharing by IMF and G20 group members on regulating crypto assets. The global financial agency also states that benefits of crypto assets like cheaper and faster cross-border payments, and increased financial inclus...
