Today news
About the same in other media
How does America’s FedNow stack up against India’s UPI? | Mint Primer | Mint
Reading now: 451
The United States Federal Reserve's FedNow payment... moreThe United States Federal Reserve's FedNow payment system is similar to India's Real-Time Gross Settlement (RTGS) system rather than UPI.
Unlike UPI, FedNow does not use unique virtual addresses or phone numbers as identifiers; users need to log in to their internet banking service and use their bank account number and routing number for real-time payments. However, FedNow is more expensive than UPI, with transaction fees for users.
While UPI has been a resounding success, experts believe FedNow's adoption may vary by use case, with potential focus on business-to-business payments rather than peer-to-peer transactions like UPI.
. Read more on livemint.comAbout this in other media
India, Sri Lanka to begin talks on petroleum pipeline project | Mint Primer | Mint livemint.com /8 months ago
India’s economy as third largest: Just a guarantee of the inevitable | Mint Primer | Mint livemint.com /8 months ago
DGCA renews airport operator certificate of Jet Airway | Mint Primer | Mint livemint.com /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
