Standardized barcodes that stores use to scan items at checkout made their debut in 1974. Now, the industry wants to replace them with QR codes.
4 min read20 Aug 2024Customers in Mumbai will soon be able to use QR codes of the Unified Payment Interface (UPI) network for transactions using digital currency, according to the Reserve Bank of India’s deputy governor. The move is expected to encourage more central bank digital currency (CBDC) transactions and promote interoperability. The deputy governor also called on banks to prepare for one million transactions a day using CBDC by the end of the year. The pilot for retail transactions using CBDC has already attracted over one million users and 262,000 merchants.
1 min read12 Jul 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared