The Reserve Bank of India's decision to allow banks to offer pre-sanctioned credit lines on the Unified Payments Interface (UPI) system will contribute to the growth of transactions, according to UCO Bank MD and CEO Ashwani Kumar. UPI transactions have already reached 10 billion per month and are expected to reach 20 billion in the next 18-24 months.from Banking/Finance-Industry-Economic Times https://ift.tt/F9IQNLV
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