adsense

Sunday, September 24, 2023

UPI LITE X (Offline) in Vande Bharat Trains


         Eagerly anticipating the opportunity to buy food onboard Vande Bharat Trains using the UPI LITE X (Offline) feature.

The UPI LITE X (Offline) functionality has been launched on the NPCI BHIM App, and now it's Indian Railways' turn to activate UPI Lite X for food transactions on Vande Bharat Trains. We should actively discourage the traditional cash payment method.

It's worth noting that passengers who initially didn't choose to include meals when booking their tickets can still purchase food while onboard Vande Bharat Trains.

Naturally, it's essential for the catering team to ensure they have an adequate supply of food items available on these trains.

Passengers who do not pre-purchase their meals will incur an additional charge of ₹50 if they choose to order food on the train, provided it is available.

 

Railway sources have indicated that there has been some confusion regarding the availability of food items on Vande Bharat trains. To address this, moving forward, passengers will receive SMS notifications about catering services at the time of booking and again 24 to 48 hours before their journey for confirmation.

 

Rail officials stated, "The SMS notifications will also include details about the meals and the portion sizes that will be served." Many passengers had previously expressed dissatisfaction, citing instances where they were served vegetarian breakfast despite having paid for a non-vegetarian option. This new system is aimed at enhancing transparency, ensuring that passengers are fully aware of what they are paying for.

 

Expanding upon the success of the UPI LITE feature, the RBI Governor has introduced UPI LITE X for offline payments, enabling consumers to make payments from any location, even in situations with limited or no internet connectivity.

This innovative product leverages Near Field Communication (NFC) technology.

This advancement greatly simplifies transactions, particularly in areas with unreliable connectivity, ensuring that money can be sent and received without interruptions when internet access is unavailable.

UPI Lite X extends its transaction capabilities to regions with connectivity challenges, such as underground stations and remote locales, distinguishing itself from both regular UPI and UPI Lite.

While regular UPI facilitates seamless money transfers between bank accounts regardless of the amount, UPI Lite is tailored for small payments.

UPI Lite X, on the other hand, surpasses both by enabling offline transactions in areas with poor or no connectivity.

To ensure the reliability and effectiveness of these offline transactions, it's crucial that the sender and receiver are in close proximity to each other—a sort of digital handshake between devices.

With UPI Lite X, users can initiate a one-time maximum payment of Rs. 500, making it a convenient solution for swift, small transactions.

While individual transactions through UPI Lite X are capped at Rs. 500, users still have the flexibility to make payments totaling up to Rs. 4,000 per day.

Let's highlight the distinctions between UPI Lite X, UPI, and UPI Lite:

01) UPI Lite functions as a payment solution utilizing the NPCI Common Library (CL) app, primarily designed for low-value transactions. On the other hand, UPI operates as a 24x7 instant payment system, facilitating real-time fund transfers between two bank accounts.

02) When utilizing UPI or UPI Lite, the recipient doesn't necessitate physical presence and can accept funds from anywhere within the country. Transactions can be executed by scanning a QR code or by using the recipient's UPI ID or linked phone number.

03) In contrast, UPI Lite X transactions necessitate both the sender's and receiver's devices to be in close proximity. These transactions employ NFC technology to transfer money between on-device wallets, eliminating the necessity for internet access.

 

 

Meanwhile, the newly introduced Vande Bharat trains are set to ply on several key routes across the country, including the Udaipur-Jaipur, Tirunelveli-Madurai-Chennai, Hyderabad-Bengaluru, Vijayawada-Chennai (via Renigunta), Patna-Howrah, Kasaragod-Thiruvananthapuram, Rourkela-Bhubaneswar-Puri, Ranchi-Howrah, and Jamnagar-Ahmedabad corridors.

 

These trains are poised to become the fastest means of transportation on their respective routes, promising time savings ranging from 30 minutes to three hours.

 

These nine Vande Bharat trains will significantly enhance connectivity across eleven states, namely Rajasthan, Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Bihar, West Bengal, Kerala, Odisha, Jharkhand, and Gujarat.

 

Operational on specific routes, these Vande Bharat trains are designed to offer passengers the quickest travel experience possible.

 

Compared to the current fastest trains on these routes, the Rourkela-Bhubaneswar-Puri Vande Bharat Express and Kasaragod-Thiruvananthapuram Vande Bharat Express will cut travel times by approximately 3 hours, the Hyderabad-Bengaluru Vande Bharat Express by over 2.5 hours, the Tirunelveli-Madurai-Chennai Vande Bharat Express by more than 2 hours, the Ranchi-Howrah Vande Bharat Express, Patna-Howrah Vande Bharat Express, and Jamnagar-Ahmedabad Vande Bharat Express by about 1 hour each, and the Udaipur-Jaipur Vande Bharat Express by approximately half an hour.

 

In accordance with the Prime Minister's vision to enhance connectivity to significant religious sites across the nation, the Rourkela-Bhubaneswar-Puri Vande Bharat Express and Tirunelveli-Madurai-Chennai Vande Bharat Express will connect important pilgrimage destinations like Puri and Madurai.

Additionally, the Vijayawada-Chennai Vande Bharat Express, operating via the Renigunta route, will offer connectivity to the Tirupati Pilgrimage Center.

  

Notice: The statements in this blog post represent my individual perspectives exclusively.

The fundamental objective is Safe ePayments, nothing beyond, nothing less.

Copyrights, if any belong to the original copyright holder only.

 

Diabetes Care Motivator. #DiabetesCareMotivator 

Sunday, September 10, 2023

Is UPI Tap n Pay Set to Launch During the Upcoming Ganesh Festival?

 Is UPI Tap n Pay Set to Launch During the Upcoming Ganesh Festival?     

The Ganesh Festival is approaching, and preparations are already underway.

One of the key highlights of the Ganesh Festival is the Ganesh Pandal, where numerous installations appear throughout India/Bharat to celebrate the joy of Ganesh Habba.

Donation boxes are a common sight in these Ganesh Pandals, allowing devotees to contribute their donations to Lord Ganesh.

In 2019, a few Ganesh Pandals embraced UPI as a means to receive donations.

Now, in 2023, the question arises: Will UPI Tap n Pay make its debut during this year's festivities?        


           

Ganesh Chaturthi, also known as Vinayaka Chaturthi, is a significant Hindu festival that commemorates the birth of Lord Ganesha, the deity with an elephant head.

This 10-day-long celebration commences with the installation of a Lord Ganesh idol (referred to as Ganpati Murti) and culminates with its immersion in a water body.

The festival begins on the 4th day and concludes on the 14th day of the Hindu month of Bhadra. In 2023, Ganesh Chaturthi celebrations will kick off on the 19th of September, which falls on a Tuesday. The exact date may from State to State.

The credit for reviving this festival and transforming it from a private household observance into a grand public event goes to the freedom fighter Lokmanya Tilak in 1893.

During a time when the British colonial government prohibited social and political gatherings in India, this celebration ignited patriotic sentiments and united people of all castes and communities against the colonial rule.

When the festival is organized by local parties or clubs, they often opt for large-scale idols of Lord Ganesha and continue with music, dance, and various cultural shows or events for a duration of 11 days.

This uninterrupted celebration is filled with vibrancy, and it provides an opportunity for people to enjoy quality time with their loved ones.

Ganesh Chaturthi is celebrated on a grand scale in various states of India, including Madhya Pradesh, Maharashtra, Gujarat, Goa, Karnataka, Kerala, Andhra Pradesh, Telangana, and Tamil Nadu.

Due to regional differences, the methods and customs of worship and celebration may vary slightly.

In Tamil Nadu, this festival is referred to as Vinayaka Chaturthi or Pillayar Chaturthi. It occurs on the fourth day following the new moon in the month of Avai as per the Tamil calendar.

In Kerala, this festival is known as Lamboodhara Piranalu and takes place during the month of Chingam.

Lastly, in Thiruvananthapuram, there is a unique tradition where a parade proceeds from the Pazhavangadi Ganapathi Temple to Shankumugham Beach.

 

This parade features towering statues of Lord Ganesha, crafted exclusively from organic materials. An interesting observation is the immersion of milk into the sea as part of the festivities

 

 

Disclaimer: These are solely my personal opinions. It's been a while since we've witnessed any innovations in donation methods during the Ganesh Festival. This presents a golden opportunity. The primary goal remains Safe ePayments, nothing more and nothing less.

Diabetes Care Motivator #DiabetesCareMotivator

 

Additional Reading Material:

Cool.. Idea! : Lord Ganesha accepts donations through UPI here!@ https://www.thehansindia.com/telangana/cool-idea-lord-ganesha-accepts-donations-through-upi-here-561787

 

One of Bengaluru’s oldest Ganesha Utsava’s journey across multiple locations in six decades  @ https://www.thehindu.com/news/cities/bangalore/one-of-bengalurus-oldest-ganesha-utsavas-journey-across-multiple-locations-in-six-decades/article67292277.ece

Top 10 Famous Ganpati Pandals Across India to Visit this Ganesh Chaturthi 2023 @ https://www.travellersofindia.com/top-10-famous-ganpati-pandals-india-to-visit-this-ganesh-chaturthi/

 

 

Saturday, September 2, 2023

Global Fintech Fest 2023 – An Introduction

 Global Fintech Fest 2023 – An Introduction

         Next week, during the middle part of the week, over 50,000 individuals connected with the finance sector will gather for GFF 2023. The three-day agenda is packed with thrilling financial prospects.

         All participants should have completed their travel arrangements by this point.

Global Fintech Fest (GFF) is the largest fintech conference, jointly organized by the National Payments Corporation of India (NPCI), the Payments Council of India (PCI), and the Fintech Convergence Council (FCC).

With GFF, the aim is to provide a singular platform for fintech leaders to foster collaborations and develop a blueprint for the future of the industry.



Fintech, short for "financial technology," refers to the use of technology and innovation to enhance and streamline financial services.

It encompasses a wide range of financial products, services, and technologies that leverage digital advancements to improve various aspects of the financial industry.

Fintech companies often aim to provide more efficient, accessible, and customer-centric solutions compared to traditional financial institutions.

Fintech has rapidly evolved and continues to disrupt the financial industry, offering both opportunities and challenges.

It has the potential to make financial services more accessible and affordable for individuals and businesses while driving innovation and competition in the financial sector.

Global Fintech Fest 2023 program in brief:

Spread over Three Days

·      Total of 13 Tracks

·      800 Speakers

·      50,000 + Delegates

·      125+ Countries

·      250+ Sessions

·      50+ Workshops

·      500+ Exhibitors

·      15+ Thought Leadership Reports

 

GFF 2023 Location: Jio Convention Centre, BKC Mumbai. Jio Convention Centre is spread over 18.5acres.         

GFF 2023 popular hashtags: #gff2023 #GFF2023

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing More – Nothing less.

 

Diabetes Care Motivator   #Diabetes Care Motivator

 

Thursday, August 31, 2023

UPI Volumes going Up and UP. Cross 1,00,000 Lacs in August 2023

 UPI Volumes going Up and UP. Cross 1,00,000 Lacs in August 2023

 

Conceived and introduced by the National Payments Corporation of India in 2016, UPI has evolved into one of the most favored payment solutions within India, boasting more than a billion transactions each month.



August Volumes upto 30th August only 


Thanks to GPT for the following poem

Amidst digital streams, UPI flows, Volumes surge, a financial prose.

100000 lacs, a grand ballet, Transactions dance, night and day.

Crossing rivers of numbers, it glides, Economy's rhythm, where commerce resides.

A tale of progress, in digital rhyme, UPi's success, a sign of our time.

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments.

Take Care of Diabetes, not Manage it

#DiabetesCareMotivator

 

Wednesday, August 30, 2023

UPI Crosses 1,00,000 lacs Volumes on 30-08-2023

  UPI Crosses 1,00,000 lacs Volumes on 30-08-2023

A new landmark. Congratulations to all the stakeholders







Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing More - Nothing Less


#DiabetesCareMotivator


LinkWithin

Related Posts with Thumbnails

Disclaimer

The thoughts in this BLOG are personal, and reflect only my view on the subject.
This are not the views of my Employers.
All images, logos rights rest with the Original TitleHolders

All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant