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NPCI’s “Unified Payments Interface” | Forget Account details, Credit & Debit Cards, Digital Wallets – Aadhaar & Mobile is the new ‘Financial Identity’

Yesterday April 11, RBI Governor Raghuram Rajan and Infosys co-founder Nandan Nilekani, adviser to the National Payments Corporation of India [NPCI] launched the NPCI’s most ambitious project, a new Electronic Fund Transfer protocol, Unified Payments Interface (UPI) wherein 29 banks would be enabled with this interface under the 1st phase; and then gradually other banks would be brought into the system. UPI is expected to bring about a significant shift in the way mobile banking transactions are conducted. It is a single interface across all NPCI systems, allowing customer to instantaneously transfer funds across different banks with the use of single identification and password.

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Flipkart co-founders backed “Inshorts” | IIT-dropouts, 3 Years & over a Million App downloads

Flipkart co-founders backed “Inshorts” (formerly News in Shorts) is more than just another news app – it’s a unique news reading experience – an app that selects latest and best news from multiple national and international sources and summarizes them to present in a short and crisp 60 words or less format, personalized for you, in both, English or Hindi. No opinions, Only Facts!