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The Strengthening Duopoly of PhonePe and Google Pay in UPI is making NPCI Anxious

PhonePe has over 4x of Paytm’s UPI market share! One of every two UPI transactions is taking place via PhonePe … and this could be concerning for NPCI. The National Payments Corporation of India (NPCI) faces an acute challenge in...

Link your credit cards with UPI now: NPCI aims for UPI transactions worth $1 billion a day

The exploded adoption of UPI (Unified Payment Interface) has encouraged the RBI (Reserve Bank of India) to make UPI payments more appealing to users. In a significant shift in the way it operates, RBI has announced going further...

NPCI’s Voice-Based Payment Solution Could Be a Game Changer

The National Payment Corporation of India (NPCI), known for developing and managing first of its kind Unified Payment Interface (UPI) and Aadhaar Enabled Payment (AePS), is once again gearing up for a new voice-based payment solution. The solution has...

NPCI Refuses To Ban Cryptocurrency Trades in India: Banks To Decide Their Individual Stance!

At a time when the fate of cryptocurrency acceptance hangs mid-air in India, the NCPI has made a massive announcement in favour of your beloved tokens! According to the latest media reports, the National Payments Corporation of India, aka NCPI,...

UPI and RuPay Services to go Global as NPCI Launches International Wing

National Payments Corporation of India, aka NPCI, a body that regulates and facilitates digital payment activities in the Indian economy, has expressed plans to extend its services to overseas markets. Most commonly associated with the RuPay cards and the UPI...

Paytm App Downloads and User Engagement Take a Nosedive Post RBI Measures

The regulatory measures imposed on Paytm Payments Bank by the Reserve Bank of India (RBI) have had a direct impact on Paytm's market dominance in India. Since the announcement of the ban on January 31, 2024, each passing week...

Over 20 Million Paytm Users in Limbo as Fastag Ban Sparks Chaos

The ban imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank turned out to be just the opening act of a regulatory drama for Vijay Shekhar Sharma-led One97 Communications. Compounding the challenges, the Indian Highways Management...

India Racing Towards a Cashless Economy as UPI Transactions Surpassed 100 Billion in 2023, With 60% YoY Surge

The Unified Payments Interface (UPI) has solidified its position as India's go-to digital payment platform, witnessing a staggering surge in both transaction volume and value in 2023. Interestingly, the number of UPI transactions surpassed the 100 billion mark by...

Chinese Cybercriminals Target India’s Digital Payment Ecosystem: Victims Lost Rs 37 Lakhs, so far!

As technology has advanced, so has the number of cybercriminals finding ways to loot people. The latest report by CloudSEK has unveiled a complex web of intrigue involving Chinese cybercriminals who've set their sights on India's financial ecosystem. A...

Rupay Credit Card Payments through UPI: The Worst Nightmare for Indian Merchants

In what was perceived as a leap toward complete digitization and seamless transactions, the integration of Rupay credit card transactions with UPI (Unified Payments Interface) opened new avenues for users. However, what seemed like a promising endeavour soon turned...
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Quick Commerce War Heats Up: Can Flipkart Catch Zepto After the Failed Acquisition?

When a big company intends to enter a new business segment from scratch, it often prefers to acquire an...
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