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IndusInd Bank partners with NPCI to offer cross-border payments via UPI

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IndusInd Bank partners with NPCI to offer cross-border payments via UPI

IndusInd Bank has partnered with the National Payment Corporation of India (NPCI) to provide real-time cross-border remittances to India using UPI ID for its money transfer operator (MTO) partners, the bank said in a statement released to the index on Monday.

“Through this move, IndusInd Bank has become the first Indian bank to use UPI for cross-border payments/NRI remittances. Under this arrangement, MTO will use IndusInd banking channels to connect with NPCI’s UPI payment system for verification and cross-border payments. International payments are settled to the beneficiary’s account,” the statement read. IndusInd Bank has started to conduct foreign inward remittances (FIR) with Thailand through UPI.

DeeMoney-a financial solutions provider based in Thailand, providing remittance and foreign currency exchange services. Customers using the DeeMoney website only need to add the UPI ID of the payee, and then they can transfer money easily.

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IndusInd Bank also plans to add more partners in other countries/regions in the near future to make cross-border payments through UPI.

Speaking of the partnership, Mr. Soumitra Sen, Head of Consumer Banking and Marketing, IndusIndBank, said: “At IndusInd Bank, we have been working hard to come up with groundbreaking propositions to provide customers with a seamless banking experience. In order to stay with this approach In agreement, we are honored to cooperate with NPCI to launch the country’s first UPI-based cross-border remittance tool, enabling NRI to use their UPI IDs to remit money transfer operators to Indian beneficiaries through our partners Exchange Houses, Banks and Money. This is an important step in simplifying money transfers into a function, because individuals living overseas can now easily transfer money to recipients by simply adding their UPI id without having to remember their bank account details. We believe The realization of foreign remittances through UPI is an important milestone in strengthening its use as a platform and will greatly help increase the adoption rate of NRI across regions.”

Ms. Praveena Rai, Chief Operating Officer of NPCI, said: “We are very happy to work with the Industrial Bank of India. We believe this initiative will provide a simpler and more efficient remittance experience for international travelers using UPI. We believe that our association will become a UPI is one of the main factors driving the development of cross-border payments. As UPI gets involved in cross-border remittances, we look forward to witnessing a significant increase in UPI transaction volume in the coming years. “This cooperation will enable IndusInd Bank’s partners to promote non-residents Remittances of Indians (NRI) and Indians (PIO) live all over the world to transfer funds to their non-resident external (NRE) and non-resident general (NRO) accounts as well as their family and relatives in India.

Complete News Source : mint

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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