UPI
Brief
NPCI’s Move Helping PhonePe and Google Pay to Strengthen their Duopoly in India’s UPI Market?
Dazeinfo -
There are over 70 apps in India's UPI market, but the market is predominantly led by only two apps - Google Pay and PhonePe. Together, these two UPI apps account for nearly 90% of the market, leaving the rest...
Brief
Paytm App Downloads and User Engagement Take a Nosedive Post RBI Measures
Dazeinfo -
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...
Brief
The Strengthening Duopoly of PhonePe and Google Pay in UPI is making NPCI Anxious
Dazeinfo -
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...
Brief
Paytm UPI Market Share Drops to Just 11%, Hinting a Long Bumpy Ride Ahead
Dazeinfo -
The repercussions of the Reserve Bank of India's (RBI) ban on Paytm Payments Bank are becoming increasingly evident, with a significant hit to Paytm's UPI market share. Recent insights obtained by Moneycontrol from banking sources reveal that Paytm's UPI...
Brief
India Racing Towards a Cashless Economy as UPI Transactions Surpassed 100 Billion in 2023, With 60% YoY Surge
Dazeinfo -
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...
Brief
Google’s Entry into India’s Digital Lending Arena Intensifies Competition
Dazeinfo -
India's Unified Payment Interface (UPI) has already revolutionized the country's economy and the burgeoning tech startup ecosystem. After gaining a sizable share in the UPI space, fintech companies like PhonePe and Paytm have already made significant strides in the...
Brief
Global QR Code Payments To Record 58% Growth to $4.8 Billion by 2028
Dazeinfo -
As the world is witnessing digital revolution, few innovations have had as profound impact as QR code payments. The exploded adoption of smartphone, deep penetration of high-speed mobile internet connectivity and ease of instant payment settlement has been fuelling...
Brief
Why PhonePe, Google Pay, and Merchants Are Apprehensive About the New UPI Plugin?
Dazeinfo -
The adoption of UPI (Unified Payment Interface) has surged over the past five years, driven by the widespread use of smartphones and the availability of high-speed internet across India. Players like PhonePe, Paytm, and Google are vigorously competing to...
Brief
Jio Bharat Feature Phone: Ambani’s Strategic Brilliance for Billions
Dazeinfo -
In the fast-paced world of smartphones and cutting-edge technology, India has emerged as the second-largest smartphone market, with a staggering 800 million users. The country's smartphone user base is expected to skyrocket in the next two years as more...
Brief
The Convenience of UPI Payments in Indian Online Casinos
Dazeinfo -
The modernization of the financial system has come to India as well. People can now use UPI, a reliable and convenient payment method, for different everyday transactions. Although people mostly use UPI to pay for goods and services, there...
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Latest News
NPCI’s Move Helping PhonePe and Google Pay to Strengthen their Duopoly in India’s UPI Market?
There are over 70 apps in India's UPI market, but the market is predominantly led by only two apps...
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