This episode covers significant regulatory developments across sectors including E-Mandate, Critical Minerals, Payment Authorization, UPI, and Clean Energy.

We delve into the Asian Development Bank's approval of a $1 billion loan to support India's Urban Transformation and Investment Program, aimed at strengthening urban governance, enhancing financial management, and promoting sustainable transit-oriented development.

In payments, the National Payments Corporation of India has introduced key enhancements to UPI: multi-signatory account functionality requiring multiple approvals, the launch of UPI Lite for seamless low-value transactions without UPI PIN, and the innovative UPI Cash Point service enabling cash withdrawals at Business Correspondent touchpoints via UPI QR codes.

Additionally, the UPI Autopay feature now allows e-mandate setups with increased authorization limits, and UPI Circle enables delegation of payment authority to secondary users or IoT devices with defined limits.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Future Made in Australia: How today’s investors can help build the industries of tomorrow
2. UPI New Enhancements
3. User Onboarding on UPI
4. UPI Lite
5. Counter Terrorism Designations; Non-Proliferation Designation Update
6. Autopay
7. UPI Circle
8. ADB approves $1 billion loan to support sustainable growth and resilience of India’s cities
9. UPI Cash Point