Unlocking Joy: Tummoc's Appeal as Ayodhya Gears Up for Ram Lalla Prana Prathisha in Four Days

  

Ayodhya's Spiritual Expedition: Tummoc's Plea for Devotees as Ram Lalla Prana Prathisha Nears

 

Exploring Ayodhya: The Joy of Safe ePayments and Seamless Travel for Devotees

Inspiration for this Article: Delhi: Now, travel from home to office and back on ‘All-in-One’ ticket @ https://indianexpress.com/article/cities/delhi/travel-home-to-office-and-back-all-in-one-ticket-9113392/

 

 

As the grand consecration ceremony of Ram Lalla Prana Prathisha approaches, the city of Ayodhya is bustling with preparations to welcome millions of devotees.

In the midst of this excitement, there's an earnest appeal to introduce innovative solutions for a seamless and comfortable travel experience for those visiting the sacred city.

 

Seamless Travel with Hop On Hop Off (HOHO) Mini Buses : One compelling suggestion is the implementation of a Hop On Hop Off (HOHO) mini bus service under Private Public Partnerships.

This proven concept from around the world provides a convenient and hassle-free way for visitors to explore various attractions in Ayodhya.

These buses follow a specific route with stops close to major city attractions, allowing devotees to board and alight as per their preferences.

Such a service, if introduced, could significantly enhance the overall travel experience for pilgrims.

 

Ayodhya district administration's plan for eBuses is a promising step in the right direction.

The introduction of eBuses could be a game-changer, providing a low-hanging fruit solution that could go live in the next six months.

This initiative has the potential to attract an additional 5,00,000 devotees to Ayodhya every month, boosting the local economy and creating a positive domino effect.

 

The Expertise of Tummoc in Enhancing Travel Experiences:

 

In this journey toward seamless travel, the expertise of Tummoc can play a vital role. Having experienced the magic of Tummoc in Bengaluru, the author expresses hope that the joy of Tummoc can soon be extended to Ayodhya devotees.

Tummoc, as India's first multi-modal public transport app, has been designed to address the challenges of regular transportation options and provide a hassle-free commuting experience.

 

Green Mobility Initiatives in Ayodhya: Recent developments, including the launch of 100 e-buses by Chief Minister Yogi Adityanath and the deployment of 150 electric buses by GreenCell Mobility, showcase a monumental shift towards environmentally friendly public transport in Ayodhya.

These initiatives are expected to accommodate over 25 million devotees visiting the city until March 2024, reflecting a commitment to sustainable transportation solutions.

 

The deployment of electric auto-rickshaws by Uber and electric car rental services by Tata Tigor further contribute to Ayodhya's vision of eco-friendly tourism.

These initiatives not only enhance visitor and local commuting but also create employment opportunities, aligning with the broader goal of transforming Ayodhya into an eco-friendly tourist destination.

 

Dharma Path and Ram Path Transformation: The introduction of electric buses on the Dharma Path and Ram Path, along with the convenience of golf carts and e-rickshaws, is a significant step in improving intra-city transportation services.

With the expectation of a high influx of tourists and pilgrims to the Ram Temple, these initiatives are poised to make Ayodhya seamlessly connected through various transportation facilities, including electric vehicles.

 

Exploring Ayodhya's Rich Heritage: As devotees embark on their spiritual journey, Ayodhya offers a wealth of cultural and historical attractions.

From the iconic Hanumangarhi and Ramkot to the revered Nageshwarnath Temple and Kanak Bhawan, each site holds its own significance.

The presence of Jain shrines, including Mani Parvat, adds another layer to Ayodhya's cultural tapestry.

 

Ghats, Kunds, and Parks – A Serene Experience:

 

The ghats and kunds along the Saryu River provide a serene backdrop to the spiritual journey.

Ram ki Paidi, Suraj Kund, and Gulab Bari, along with the lush Company Garden and historical Guptar Ghat, offer moments of tranquility amidst the bustling city.

 

 

Beyond Temples – Exploring Ayodhya's Diverse Attractions :

 

Ayodhya is not just a city of temples; it encompasses diverse attractions like the Tomb of Bahu Begum, Guptar Ghat, and the revered Gurudwaras.

The legendary Queen Huh Memorial Park, dedicated to Queen Huh Hwang-ok, adds a unique dimension to Ayodhya's cultural landscape.

 

In conclusion, as Ayodhya prepares for the momentous occasion of Ram Lalla Prana Prathisha, the integration of innovative transportation solutions and the preservation of its rich heritage will undoubtedly enhance the overall experience for devotees.

The convergence of technology, green mobility, and cultural preservation can transform Ayodhya into a model destination for spiritual and sustainable tourism.

**Disclaimer: The views expressed in this article are solely the personal thoughts and opinions of the author.

The underlying belief is centered around fostering the joy of safe ePayments for visitors in Ayodhya. The author acknowledges that individual perspectives may vary, and this article is not intended to impose or represent universal sentiments.

It serves as a platform for the author to share insights, reflections, and suggestions based on personal experiences and observations.

The emphasis on enhancing the joy of safe ePayments reflects the author's genuine concern for the well-being and convenience of visitors in the sacred city of Ayodhya.

Readers are encouraged to approach the content with an open mind, recognizing the subjective nature of the narrative and the author's intention to contribute positively to the discourse surrounding Ayodhya's spiritual and cultural landscape.

The article aims to inspire thoughtful discussions and considerations about the integration of innovative solutions for the benefit of the Ayodhya community and its cherished visitors.

 

 Additional Readings:

 PM begins 11 day special ritual for Pran Pratishtha of Shri Ramlala @ https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1995400#:~:text=The%20Prime%20Minister%2C%20Shri%20Narendra,Ayodhya%20Dham%20on%2022nd%20January.

Ayodhya Ram Mandir Inauguration: 7-Day Schedule Of Rituals And Celebrations From Jan 16-22 @ https://www.indiatimes.com/events/ayodhya-ram-mandir-inauguration-7-day-schedule-of-rituals-624958.html

 

 

Unlocking Blessings: Paytm's UPI Tap N Pay Countdown for Ram Lalla Prana Pratishtha!

 

 Countdown to Ram Lalla Prana Pratishtha: Hopefully Paytm will activate UPI Tap N Pay in 6 Days at Ayodhya!

 

Introduction:

As the much-awaited consecration of Ram Lalla approaches, the excitement is palpable among devotees. The sacred event, known as Prana Pratishtha, is just six days away, and preparations are in full swing to make it a momentous occasion. In the midst of these preparations, there's another important deadline looming – the activation of UPI Tap N Pay through UPI participants by January 31, 2024.

 

The Significance of Ram Lalla Prana Pratishtha:

Ram Lalla Prana Pratishtha holds immense significance in the hearts of millions of devotees worldwide. It marks the consecration of the deity, infusing life and divine energy into the idol. The event symbolizes the embodiment of spiritual essence and the presence of the divine in the sacred murti (idol) of Lord Rama.

 

The Countdown Begins:

With just six days left until the auspicious day, devotees are not only immersed in religious fervor but are also reminded of the benefits of for activating UPI Tap N Pay services through Paytm and NPCI BHIM.

This modern convenience adds a contemporary touch to the traditional celebrations, allowing devotees to seamlessly contribute to the festivities.

 

Paytm's Exclusive Role in UPI Tap N Pay Activation:

Among the various digital payment platforms available, Paytm has emerged as a pioneer in facilitating secure and convenient transactions.

As a part of its commitment to customer satisfaction, only Paytm can meet the deadline of January 22, 2024, for the activation of UPI Tap N Pay.

This feature allows users to make quick and hassle-free payments by simply tapping their devices.

 

Why UPI Tap N Pay Matters:

In the midst of the festive fervor, UPI Tap N Pay serves as a modern offering that aligns with the changing times.

This innovative feature not only streamlines payment processes but also ensures a contactless and efficient experience for users.

As devotees come together to celebrate the consecration of Ram Lalla, the convenience of UPI Tap N Pay by Paytm becomes increasingly relevant.

 

How to Activate UPI Tap N Pay with Paytm:

Activating UPI Tap N Pay with Paytm is a straightforward process.

Users need to ensure that their Paytm accounts are linked to their UPI-enabled bank accounts.

Following this, a quick verification process will pave the way for hassle-free transactions.

Devotees are encouraged to complete this activation before the approaching deadline to make the most of the convenience offered by Paytm.

The anticipation is building as we approach the historic day of Ram Lalla Prana Pratishtha, the consecration ceremony scheduled for January 22, 2024.

In the midst of these sacred preparations, a modern touch has been added to the festivities with the introduction of UPI Tap & Pay.

As we dive into the details, it's important to note that UPI Tap & Pay is not live yet, and NPCI has urged UPI participants to go live by January 31, 2024.

 

Unlocking the Next-Gen UPI Experience:

 

Ushering in a new era of UPI transactions, Tap & Pay offers a unique twist to the familiar Scan & Pay and Pay to Contact methods.

Instead of relying on the camera, this innovative feature captures the Payee UPI ID/VPA through NFC, ensuring a seamless, secure, and instant experience.

 

UPI Tap & Pay Product Highlights:

 

- **Convenience at its Core: UPI Tap & Pay is designed to simplify your UPI transactions, making them more convenient than ever.

- **NFC Capability: Only mobiles and devices equipped with NFC capability can access the UPI Tap & Pay feature.

- **Easy Transactions: Look for the Tap & Pay button on your UPI app, and a simple tap on the UPI Smart Tag or UPI Smart QR initiates the transaction.

- **Security for Small Amounts: For transactions up to ₹500, UPI LITE takes the lead, or use your bank account UPI PIN for added security.

- **Beyond ₹500: Your UPI PIN ensures security for transactions beyond ₹500, providing peace of mind for online payments.

- **Available on Android and iOS: The UPI LITE Tap & Pay feature is available on both Android and iOS devices, making it accessible to a wide range of users.

 

Paytm's Role in the UPI Tap & Pay Revolution:

 

Paytm has been at the forefront of digital payment innovations, and now it's leading the way in the UPI Tap & Pay revolution. With the deadline of January 22, 2024, fast approaching, Paytm is the go-to platform for activating this futuristic UPI feature.

 

Partnership with Ayodhya Nagar Nigam:

 

In a significant move to enhance the mobile payment infrastructure in Ayodhya, Paytm has signed a Memorandum of Understanding (MoU) with Ayodhya Nagar Nigam. This collaboration aims to enable mobile payments using Paytm's advanced QR code, Soundbox, and Card machines, providing seamless payment services during the Ram Mandir's inauguration.

 

Conclusion:

As we eagerly count down the days to the Ram Lalla Prana Pratishtha, let's not forget the importance of embracing modern conveniences in our celebratory preparations.

Paytm's UPI Tap N Pay feature adds a touch of contemporary ease to the traditional festivities, allowing devotees to contribute seamlessly to the joyous occasion.

With just six days left, let's ensure that we activate UPI Tap N Pay with Paytm and NPCI BHIM and make this sacred celebration even more memorable.

As we count down the days to the momentous Ram Lalla Prana Pratishtha, the convergence of tradition and technology is evident.

UPI Tap & Pay, though not yet live, promises to be a game-changer in the world of digital payments.

Paytm, with its commitment to innovation, stands as the key player in activating this futuristic UPI feature.

Remember, the deadline is approaching fast, so let's tap away into the future of UPI payments with Paytm and NPCI BHIM!

 

 

Disclaimer: The following content represents personal thoughts and opinions. UPI Tap & Pay is not live, and NPCI has advised UPI participants to go live by January 31, 2024

These thoughts are shared from my personal perspective.

With the foundation set for UPI Tap n Pay, the encouraging guidance from the NPCI circular urges all participants to embrace the opportunity and commence operations by 31st January 2024.

It is my hopeful expectation that the UPI ecosystem will strive to make this service available in Ayodhya, ideally by 22nd January 2024, and certainly no later than the specified date of 31st January 2024.

This expression captures the optimism surrounding potential developments without any undertones.

Quote

 

“Ahead of the much-anticipated inauguration of Ram Mandir, Paytm is thrilled to collaborate with Ayodhya Nagar Nigam to ensure convenient and secure digital/mobile payment solutions for the millions of devotees visiting the sacred city. Paytm’s partnership with city’s Nagar Nigam reflects our commitment to supporting the local community and working in tandem with government initiatives.” Abhay Sharma, Chief Business Officer – Payments, Paytm

“As Ayodhya prepares to welcome millions of devotees for the inauguration of the Ram Mandir, we are pleased to partner with Paytm to ensure a smooth and efficient digital payment experience. We look forward to a successful partnership with Paytm in enhancing the overall convenience and digital infrastructure in Ayodhya.” Girish Pati Tripathi, Honourable Mayor, Ayodhya Nagar Nigam

Unquote

Additional Readings:

 PM begins 11 day special ritual for Pran Pratishtha of Shri Ramlala @ https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1995400#:~:text=The%20Prime%20Minister%2C%20Shri%20Narendra,Ayodhya%20Dham%20on%2022nd%20January.

Ayodhya Ram Mandir Inauguration: 7-Day Schedule Of Rituals And Celebrations From Jan 16-22 @ https://www.indiatimes.com/events/ayodhya-ram-mandir-inauguration-7-day-schedule-of-rituals-624958.html

 

 

 

          

Seven Opportunities to Showcase the 4DX Grandeur in 'HanuMan’

Link to my earlier Blog @ Salaar Saga: 🎥 A 4DX Dilemma! Fans Disheartened as Salaar Skips the Thrilling Ride! @ https://prashantnepayments.blogspot.com/2023/12/salaar-saga-4dx-dilemma-fans.html

 

Opportunity 01) **The Spectacular Introduction Scene of 'HanuMan'**

   Imagine the impact of HanuMan's grand entry in 4DX—feeling the rush of wind, the visual spectacle enhanced by synchronized motion seats. The audience can be immersed in HanuMan's world right from the start, setting the tone for an extraordinary cinematic journey.

 

Opportunity 02) **The Breathtaking Anjandari Introduction**

   Anjandari, the fictional town where 'HanuMan' unfolds, can come to life in 4DX. From the scenic beauty to the ambient sounds, 4DX offers the opportunity to transport the audience to this parallel world, making the introduction of Anjandari a breathtaking and immersive experience.

 

Opportunity 03) **The Awesome Hero Introduction Scene**

   Witness the heroism of Hanumanthu and Koti racing for mangoes in 4DX. The synchronized motion can amplify the thrill of the race, allowing the audience to feel the energy and excitement as the hero is introduced in a scene filled with fun and action.

 

Opportunity 04) **The Bandit Scenes in the Pitch Darkness**

   Deep forests, darkness, and bandit scenes can be transformed into a spine-chilling experience in 4DX. The environmental effects like fog and sounds of the forest can create an atmosphere of suspense and thrill, immersing the audience in the heart of the action.

 

Opportunity 05) **The Discovery of the Mani by Hanumanthu**

   Imagine the awe-inspiring moment of Hanumanthu discovering the Mani in the depths of the water.

In 4DX, the discovery can be elevated with environmental effects like water sensations, adding a layer of realism to this pivotal scene in the movie.

 

Opportunity 06) **The Interval Block**

   The interval block is a crucial juncture in any film, and in 'HanuMan,' it can be a captivating experience in 4DX.

The transition between the first and second halves can be intensified with motion seats and effects, leaving the audience eagerly anticipating the unfolding of the rest of the story.

 

Opportunity 07) **The Climactic Sequences and Beyond**

   As 'HanuMan' progresses towards its climax, 4DX can play a pivotal role in enhancing the impact of the climactic sequences.

The visual spectacle, coupled with motion seats and other effects, can create an immersive and unforgettable cinematic conclusion.

 

Starring Teja Sajja as an underdog from the fictional town of Anjanadri, the film explores how he becomes the chosen one to benefit from the superpower of Lord Hanuman and turns into a superhero.

 

🌐 **Fictional, Parallel World**

   'HanuMan' unfolds in Anjanadri, a town set in a parallel universe named Akhand Bharat. This unique setting provides ample creative liberty, offering audiences an opportunity to experience a fictional, parallel world that mirrors our own but with intriguing differences.

 

🎬 **‘HanuMan’ Studio**

   Considerable portions of 'HanuMan' were filmed in a temporary studio called Hanuman Studio, showcasing the film's commitment to innovative filmmaking. The studio, set up in Vattinagulapally on the outskirts of Hyderabad, became a hub for groundbreaking visual effects and creative storytelling.

 

🎥 **Techniques and VFX**

   'HanuMan' employs various techniques, including superspeed, unreal engine, basic matte painting, 3D, and AI (Artificial Intelligence). The film incorporates approximately 1,600 VFX shots, constituting around 30% of the entire film. The use of VFX brings to life elements like rats, a cheetah, a tiger, and a monkey, seamlessly integrated with real-life scenes.

 

🚀 **The PVCU Universe**

   'HanuMan' kickstarts the Prasanth Varma Cinematic Universe (PVCU), promising a series of superhero films set in this parallel world. The film's success lays the foundation for future cinematic ventures like 'Athira' and an untitled film featuring a female superhero. The PVCU universe is a testament to the film's ambition and the potential for more captivating stories.

 

🌟 **Emotional Core and Audience Connection**

   Director Prasanth Varma emphasizes the importance of the emotional core in 'HanuMan.' Despite the cutting-edge technology and visual spectacle, the film strives to strike a balance by ensuring a strong emotional connect with the audience. Test screenings have indicated positive responses, showcasing the film's ability to resonate on an emotional level.

 

🌊 **Challenges and Innovations**

   'HanuMan' faced numerous challenges during its production, from conceptualizing superspeed sequences to dealing with practical difficulties while filming. The filmmakers went back to the drawing board multiple times to address challenges and ensure a seamless cinematic experience. The movie's innovative approach includes replicating outdoor scenarios in massive indoor sets to control environmental factors.

 

🎭 **Performances and Sequels**

   Teja Sajja's portrayal of the reluctant hero, Hanumanth, is praised for its authenticity. The film introduces a unique twist—Hanumanth can use his powers only when the sun is up, adding an intriguing dimension to the superhero narrative. The entry of Vibhishan from Ramayan, the power of Lord Hanuman, and the first glimpse of an Ironman suit set the stage for future sequels, including 'Jai Hanuman.'

The PVCU Universe: A Cinematic Marvel!

   'HanuMan' kickstarts the Prasanth Varma Cinematic Universe (PVCU), promising a unique blend of entertainment.

As the film explores the superhero origin story, the PVCU universe can come to life in 4DX, offering audiences not just a movie but an entire cinematic universe to explore.

The underdog superhero story, coupled with 4DX, can create a memorable and holistic entertainment experience.

The box office success of 'HanuMan' on its opening day, earning over ₹7 crore in India, is a testament to its widespread appeal.

 Embracing 4DX can further elevate its success, offering audiences an unmatched and unforgettable cinematic journey.

The seamless integration of a captivating narrative with the technological marvel of 4DX ensures that 'HanuMan' has all the makings of a cinematic masterpiece.

 

**Disclaimer: These are my personal thoughts only. The bottom line is to advocate for the grandeur of 4DX for 'HanuMan.' Nothing More – Nothing Less.**

 

In conclusion, as we advocate for 'HanuMan' to be released in 4DX, the anticipation is not just for a movie.

 

Additional Reading:

Ponniyin Selvan 2 to be released in 4DX. With this feature, PS 2 becomes the first south Indian film to be released in 4DX @ https://telanganatoday.com/ponniyin-selvan-2-to-be-released-in-4dx

 

4DX Announces Yash Raj Films’ “WAR” As The Next Indian Film To Be Released In Multi-Sensory 4DX Cinema Experience @ https://www.yashrajfilms.com/news/detail/2019/09/20/4dx-announces-yash-raj-films-war-as-the-next-indian-film-to-be-released-in-multi-sensory-4dx-cinema-experience

 

 

 

Welcome to 2024: Embarking on a New Era of Stock Trading Excellence! SEBI's n NPCI’s UPI ASBA Initiative for secondary market trades.

 

Revolutionizing Stock Trading: SEBI's and NPCI’s UPI ASBA Initiative and QSBs Propel Investors into a Future of Secure and Seamless Transactions!"

🌐 Breaking News: QSB Designation and UPI Revolution in Secondary Market! 🚀

In the dynamic landscape of financial markets, 2024 marks a pivotal moment as we witness groundbreaking changes orchestrated by the Securities and Exchange Board of India (SEBI).

With a visionary approach, SEBI introduces the UPI ASBA initiative, leveraging the power of the Unified Payments Interface for Share Secondary Market.

This transformative move aims not only to streamline transactions but also to enhance security and efficiency.

 

As we step into this promising year, the designation of 15 Stockbrokers as Qualified Stockbrokers (QSBs) adds another layer of reliability to the financial ecosystem.

These industry leaders, including Zerodha, Angel One, HDFC Securities, and others, are entrusted with additional responsibilities in financial stability, audit, related-party transactions, cyber security, and risk management.

The regulatory commitment intensifies with enhanced monitoring set to commence on July 1, 2023 ensuring a robust and accountable trading environment.

 

The transition to UPI ASBA signifies a paradigm shift in user-friendly transactions.

Pioneered by QSBs like Groww, the activation of UPI ASBA for Share Secondary Market promises a seamless experience for investors.

The forthcoming beta run will provide valuable insights, allowing for strategic adjustments and fine-tuning.

 

In this symbiotic relationship between stockbrokers and banks, readiness is paramount. The collaborative efforts of both entities ensure the full potential of UPI ASBA is harnessed. Regulators, post-beta run, may play a crucial role in ensuring the preparedness of banks, aligning with the evolving needs of the financial landscape.

 

The unveiling of building blocks, starting with the RBI's announcement of single-block-and-multiple debits in UPI, highlights a comprehensive approach towards a technologically advanced and secure trading environment.

The UPI ASBA feature, a result of these building blocks, simplifies various transactions, offering unprecedented ease in e-commerce, securities investments, hotel bookings, and more.

 

As we eagerly anticipate the Beta launch of 'UPI for Secondary Market,' led by Groww and supported by key stakeholders like BHIM, YES PAY NEXT, and others, the financial landscape is poised for positive disruptions.

Initially accessible to HDFC Bank and ICICI Bank customers, this collaborative effort ensures a robust implementation.

 

In conclusion, as we welcome 2024, investors, brokers, and stakeholders are invited to embrace this change and be part of a historic transformation in Indian secondary market trading. SEBI's circular and the imminent UPI for Secondary Market not only promise enhanced security and streamlined processes but also herald a new paradigm in financial transactions.

Welcome to a year of possibilities and positive shifts in the world of stock trading!

 

📆 Key Circular Announcement:

On June 23, 2023, SEBI (Securities and Exchange Board of India) made a historic announcement through circular SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99, ushering in a transformative era in secondary market trading.

This directive, directed towards Recognized Stock Exchanges, Clearing Corporations, Recognized Depositories, and the National Payment Corporation of India (NPCI), introduces an innovative UPI block facility aimed at enhancing investor protection.

 

🔄 Transition to UPI ASBA:

QSBs are expected to spearhead the activation of UPI ASBA (Unified Payments Interface Application Supported by Block Amount) for Share Secondary Market, introducing a new dimension in user-friendly transactions.

While trailblazers like Groww lead the way, other QSBs are poised to follow suit in the coming months. Strategies may undergo refinement based on insights garnered from a meticulous beta run, ensuring a seamless transition.

 

🏦 Banks and Brokers Symbiosis:

A pivotal note underscores the symbiotic relationship between stockbrokers and banks. The preparedness of both entities is paramount; if banks are not adequately prepared, stockbroker account holders won't be able to fully leverage the potential of UPI ASBA. Regulators, post-beta run, may play a role in nudging banks towards readiness.

 

🔗 **Building Blocks Unveiled:

This transformative journey unfolds as a sequence of building blocks. The Reserve Bank of India (RBI) laid the foundation in December 2022 with the announcement of single-block-and-multiple debits in UPI. Each subsequent announcement contributes to a comprehensive ecosystem, ensuring a smooth transition towards a technologically advanced and secure trading environment.

 

🚀 **UPI ASBA Feature Unveiled:

The UPI ASBA feature, leveraging single-block-and-multiple debits functionality, was unveiled by the RBI, marking a paradigm shift in payment systems. Earmarking funds for debits simplifies various transactions, including e-commerce, securities investments, hotel bookings, and more.

 

💡 **Beta Launch and Stakeholder Collaboration:

The upcoming week heralds the Beta launch of 'UPI for Secondary Market,' initially focusing on the equity cash segment.

This launch is a collaborative effort, with key stakeholders such as clearing corporations, stock exchanges, depositories, stockbrokers, banks, and UPI app providers actively contributing to its success.

During the Beta phase, a select group of pilot customers will experience this functionality, enabling them to block funds in their bank accounts.

Clearing Corporations will then debit these funds upon trade confirmation during settlement, streamlining the process and ensuring a swift payout on a T+1 basis.

 

The Beta launch of 'UPI for Secondary Market' is imminent, led by Groww, supported by BHIM, Groww, and YES PAY NEXT.

Initially accessible to HDFC Bank and ICICI Bank customers, this collaborative effort ensures a robust implementation. Key stakeholders, including Zerodha, Axis Bank, and Paytm, are gearing up for certification and active participation in the Beta launch.

 

🔄 Integration Challenges and Solutions:

The Beta run prompts critical questions about the potential contribution of 'UPI for Secondary Market' to overall UPI volumes. The initial phase grants access to UPI through UPI Screens for HDFC Bank and ICICI Bank account holders. However, a crucial step for full UPI benefits is holding an account with the Groww brokerage app.

 

The QSB list includes Zerodha, Angel One, 5paisa Capital, HDFC Securities, ICICI Securities, IIFL Securities, Jainam Broking, Kotak Securities, Motilal Oswal Financial Services, NextBillion Technology, Nuvama Wealth and Investment, Sharekhan, Anand Rathi Share and Stock Brokers, RKSV Securities, and Globe Capital Market

In summary, SEBI's circular sets the stage for a transformative shift in secondary market trading, with the UPI block facility poised to redefine security, efficiency, and investor protection.

As the countdown to January 1, 2024, begins, the financial landscape is on the brink of a new era. Investors, brokers, and other stakeholders are encouraged to embrace this change, heralding an era of enhanced security and streamlined processes in the Indian secondary market.

 

Contextual Expansion: SEBI Circular and UPI for Secondary Market:

 

On June 23, 2023, the Securities and Exchange Board of India (SEBI) issued a pivotal circular, SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99, signaling a groundbreaking shift in the landscape of secondary market trading.

This circular, addressed to all Recognized Stock Exchanges, Clearing Corporations, Recognized Depositories, and the National Payment Corporation of India (NPCI), outlines a strategic move to enhance investor protection and streamline trading processes.

 

Introduction of UPI Block Facility:

The core objective of this circular is to introduce a supplementary process for trading in the secondary market, mitigating risks associated with defaulting trading and clearing members.

SEBI has ingeniously devised a framework wherein funds in an investor's bank account are blocked, as opposed to being transferred upfront to the trading member.

This revolutionary move aims to provide an added layer of security, known as the 'UPI block facility,' integrating the RBI-approved Unified Payments Interface (UPI) mandate service.

 

 

 

 

Key Features of the Proposed Framework:

Under this proposed framework, funds remain in the client's account but are blocked in favor of the clearing corporation (CC) until the expiration of the block mandate or its release by the CC.

Settlement for funds and securities is seamlessly handled by the CC, eliminating the need for trading members to handle client funds and securities directly.

Client Flexibility and Options:

The circular emphasizes investor empowerment, allowing the availing of the UPI block facility to be at the option of the investor.

This non-mandatory facility, to be provided by stock brokers, permits investors to choose UPI-based trading under specific brokers while opting for non-UPI trading under others.

However, once opted for the UPI block facility under a particular broker, specific guidelines must be adhered to concerning cash collaterals, equivalent collateral, securities collateral, and funds pay-in settlement.

 

Segment-wise Collateral and Settlement:

Collateral and settlement are designed to be segment-wise, requiring clients, trading members, and clearing members to transfer or reallocate collateral between segments. Running account settlement is not supported, ensuring a meticulous and daily settlement process facilitated by the CC using the UPI block facility.

 

Timelines and Implementation:

Fast forward to December 29, 2023, when SEBI's visionary approach materialized into a significant development. An ASBA-like facility, termed 'Trading supported by blocked amount in Secondary Market,' gained approval. Leveraging the RBI-approved UPI mechanism, the implementation timeline for this transformative change is set for January 1, 2024.

 

🚨 Disclaimer:

This informational expansion is based on available data and projections as of January 1, 2024. However, changes may occur based on regulatory updates and industry dynamics. Users are encouraged to verify current information and consult relevant authorities for the latest details.

 

🚀 Conclusion:

As the countdown to January 1, 2024, begins, the financial landscape stands on the brink of a new era. SEBI's circular and the imminent UPI for Secondary Market promise not only enhanced security and streamlined processes but also herald a paradigm shift in Indian secondary market trading.

Investors, brokers, and stakeholders are invited to embrace this change and be part of a historic transformation.

 

Additional Reading: Pilot phase of 'UPI for secondary market' to begin Jan 1; CRED's Kunal Shah says 'big moment for India' @

https://www.businesstoday.in/markets/top-story/story/pilot-phase-of-upi-for-secondary-market-to-begin-jan-1-creds-kunal-shah-says-big-moment-for-india-411331-2023-12-29

 

 

 

Celebrating Digital Triumphs: PM Modi's 30-Day UPI Challenge Chronicle

**"SafeePayments Chronicle: Navigating the Digital Wave of PM Modi's 30-Day UPI Challenge!"**

The journey over the last 30 days has been nothing short of a digital odyssey as we delved into the heart of PM Modi's 30-Day UPI Challenge.

In the chronicles of SafeePayments, we've been witness to a dynamic tapestry of digital triumphs, strategic alliances, and the collective push towards a digitally empowered India.

🚀 **Embarking on the Digital Odyssey:

From the inaugural integration of ICICI Bank's RuPay Credit Cards with UPI to Nokia's ingenious UPI support on feature phones, and Ola's seamless in-app UPI payments – each day brought forth a new chapter in the ever-evolving landscape of digital transactions. The city of Ayodhya stood as a beacon, symbolizing the nation's prowess in seamlessly blending tradition with cutting-edge technology.

💡 **Key Takeaways Illuminating the Path Forward:

Our journey illuminated key takeaways that underscore the elevation of financial inclusion to unprecedented heights.

UPI transcended barriers, reaching feature phones and transforming how transactions occur, ensuring financial inclusivity for millions. Gupshup.io's 123 Pay marked a significant milestone, empowering feature phone users with a native payment app.

 

The UPI Challenge wasn't just about completing daily tasks; it was a monumental effort in laying the foundation for a digital future where every transaction is not only seamless but also secure and empowering.

🌐 **Looking Beyond the 30 Days:

As the curtain falls on the 30-day challenge, our gaze shifts towards sustaining the momentum we've gained.

The spirit of innovation, collaboration, and digital empowerment shouldn't be confined to a month; rather, it should be the driving force for an enduring evolution in digital payments.

 

The recent circular issued by NPCI, emphasizing the need to link diverse payment instruments, propels UPI into a realm of unparalleled convenience and innovation. This signifies a paradigm shift, where UPI evolves into a comprehensive and inclusive ecosystem.

 

👥 **Community Engagement:

To the vibrant SafeePayments community, I extend an invitation to keep the dialogue alive! Share your experiences, challenges, and triumphs from this digital journey.

Your insights possess the potential to inspire others and contribute significantly to the ongoing discourse on the future of digital payments.

 

In this symphony of digital progress, let's make our collective voice resonate and forge ahead into the future of secure, seamless, and revolutionary digital transactions!

 

🔐 **Epilogue: Safeguarding Tomorrow with SafeePayments

As we conclude this journey through the realm of safe and seamless digital transactions, SafeePayments stands tall as the guardian of a secure financial future.

The last 30 days have been a whirlwind of insights, innovations, and a collective commitment to fostering a safer digital landscape.

 

*Digital Dance: 🚀 A UPI Finale Unveiled

In the rhythmic beats of digital triumphs, PM Modi's 30-day UPI Challenge found its crescendo.

From groundbreaking innovations in banking to the embrace of UPI in sectors like healthcare and BBPS, every step illuminated the path to a safer, more efficient digital ecosystem.

 

*Beyond the Challenge: 🌐 *Safeguarding Horizons

As we step beyond the challenge, SafeePayments remains a beacon, tirelessly working to fortify the foundations of secure digital transactions.

The circular by NPCI, urging the linking of diverse payment instruments under UPI, aligns seamlessly with SafeePayments' mission to ensure every transaction is shielded by the armor of safety.

 

*A Digital Ode: 📜 *A Poetic Journey Concludes*

In the world of codes and bytes, the poetic journey of PM Modi's UPI Challenge finds its conclusion.

The short poem echoes the essence of the last 30 days—of triumphs, lessons, and a journey made in the digital dance.

 

*Wish Me Luck: 🍀 *Towards PM's Table*

As we bid adieu, a fellow participant embarks on a new challenge—to reach PM Modi's table. With lessons learned and resolutions strong, please extend your collective wish: Best of Luck! May the journey ahead be smooth, with minimal disturbances.

 

*SafeePayments' Promise: 🔒 *A Future of Secure Transactions*

In this epilogue, SafeePayments reaffirms its commitment to pioneering safe, secure, and innovative digital payment solutions.

The journey may conclude, but the mission endures—to safeguard every digital transaction, ensuring a future where safety and efficiency coexist.

🎊 **Thank You for Being a Pivotal Part of the Journey:

To all participants, enthusiasts, and stakeholders, I express heartfelt gratitude for being pivotal in this transformative journey.

The success of the UPI Challenge is a testament to the collective efforts aimed at building a digitally empowered India.

 

🚀 **Here's to a Future Filled with Secure, Seamless, and Revolutionary Digital Transactions! #DigitalIndia #UPITriumph #DigitalTransformation 🌐💳