{"id":1189,"date":"2026-06-04T12:32:52","date_gmt":"2026-06-04T12:32:52","guid":{"rendered":"https:\/\/materials.simplycurrentaffairs.com\/?p=1189"},"modified":"2026-06-08T12:32:58","modified_gmt":"2026-06-08T12:32:58","slug":"upi-in-cambodia","status":"publish","type":"post","link":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/2026\/06\/04\/upi-in-cambodia\/","title":{"rendered":"UPI in Cambodia"},"content":{"rendered":"\n

UPI in Cambodia<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h2>\n\n\n\n

About UPI<\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
    \n
  • Unified Payments Interface (UPI) is a\u00a0real-time payment system\u00a0<\/strong>that enables\u00a0instant money transfers between bank accounts<\/strong>\u00a0through a\u00a0mobile application<\/strong>,\u00a0using a\u00a0single identifier<\/strong>\u00a0(like a mobile number or a Virtual Payment Address (VPA))\u00a0without needing to enter bank account details.<\/strong>\u00a0<\/li>\n\n\n\n
  • It is built on the\u00a0Immediate Payment Service (IMPS) infrastructure.<\/strong><\/li>\n<\/ul>\n\n\n\n
    \n

    Immediate Payment Service:<\/strong><\/strong><\/h4>\n\n\n\n
      \n
    • IMPS is an\u00a0instant payment system<\/strong>\u00a0developed by the\u00a0National Payments Corporation of India\u00a0<\/strong>that enables\u00a0real-time interbank fund transfers.<\/strong>\u00a0<\/li>\n\n\n\n
    • It is available\u00a024\/7<\/strong>,\u00a0including weekends and public holidays<\/strong>, allowing users to send and receive money instantly across India.\u00a0<\/li>\n\n\n\n
    • With IMPS, any user can transfer funds\u00a0as low as Rs.1.\u00a0<\/strong>The per transaction limit on IMPS is\u00a0Rs. 5\u00a0lakh.<\/strong><\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
        \n
      • UPI brings\u00a0multiple bank accounts into a single app<\/strong>\u00a0and\u00a0supports various features<\/strong>\u00a0such as\u00a0fund transfers, merchant payments, and peer-to-peer payment requests.<\/strong>\u00a0<\/li>\n\n\n\n
      • UPI was developed by the\u00a0National Payments Corporation of India (NPCI)\u00a0<\/strong>in 2016.<\/li>\n<\/ul>\n\n\n\n
        \n

        National Payments Corporation of India:<\/strong><\/strong><\/strong><\/h4>\n\n\n\n
          \n
        • NPCI is an\u00a0umbrella\u00a0organisation\u00a0for operating retail payments and settlement systems\u00a0<\/strong>in India.\u00a0<\/li>\n\n\n\n
        • It was\u00a0established\u00a0in\u00a02008<\/strong>\u00a0as a\u00a0\u201cNot for Profit\u201d Company<\/strong>\u00a0under the\u00a0Companies Act 1956<\/strong>\u00a0(now\u00a0Companies\u00a0Act 2013<\/strong>).\u00a0<\/li>\n\n\n\n
        • NPCI is an\u00a0initiative of the Reserve Bank of India (RBI) and Indian Banks\u2019 Association (IBA)<\/mark>\u00a0<\/strong>under the provisions of\u00a0the\u00a0Payment and Settlement Systems Act, 2007<\/strong>, for creating a robust Payment & Settlement Infrastructure\u00a0and\u00a0promoting financial inclusion<\/mark>\u00a0in India.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

          How is it unique?<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
            \n
          • Immediate money transfer\u00a0<\/strong>through mobile device\u00a0round the clock 24*7 and 365 days.<\/strong>\u00a0<\/li>\n\n\n\n
          • Single Click 2 Factor Authentication.<\/strong>\u00a0<\/li>\n\n\n\n
          • Virtual\u00a0address of the customer<\/strong>\u00a0for Pull & Push provides for incremental security with the customer\u00a0not\u00a0required\u00a0to enter the details<\/strong>\u00a0such as Card no, Account number; IFSC etc.\u00a0<\/li>\n\n\n\n
          • UPI\u00a0facilitates\u00a0both peer-to-peer (P2P) and peer-to-merchant (P2M) payments.<\/strong><\/li>\n<\/ul>\n\n\n\n
            \"\"<\/figure>\n\n\n\n
            \n

            Did you know?<\/strong><\/strong><\/strong><\/strong><\/h4>\n\n\n\n
              \n
            • India\u2019s UPI is now the\u00a0world\u2019s number one real-time payment system.\u00a0<\/strong>It has surpassed Visa to take the lead in processing daily transactions. UPI handles more than 640 million transactions every day, compared to Visa\u2019s 639 million.<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n

              UPI in Other Countries<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
                \n
              • UPI is now live in\u00a0eight countries<\/strong>, including the\u00a0UAE, Singapore,<\/mark> Bhutan, Nepal, Sri Lanka,\u00a0France<\/mark>,\u00a0Mauritius\u00a0<\/strong>and\u00a0Qatar.<\/strong><\/li>\n<\/ul>\n\n\n\n

                Why\u00a0in\u00a0News?<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/mark><\/strong><\/h3>\n\n\n\n
                  \n
                • The Reserve Bank of India has announced that the UPI services will now be available in\u00a0Cambodia<\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                  UPI in Cambodia About UPI Immediate Payment Service: National Payments Corporation of India: How is it unique? Did you know? UPI in Other Countries Why\u00a0in\u00a0News?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1189","post","type-post","status-publish","format-standard","hentry","category-schemes-initiatives"],"_links":{"self":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1189"}],"version-history":[{"count":1,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1189\/revisions"}],"predecessor-version":[{"id":1191,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/posts\/1189\/revisions\/1191"}],"wp:attachment":[{"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/materials.simplycurrentaffairs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}