digital payments

Flipkart Launches Super.Money: Is the Indian E-commerce Giant Late to the UPI Party?

India's fintech sector is witnessing a surge of new companies aiming to capitalize on the industry's rapid growth and gain a sizable market share. Among these, e-commerce giant Flipkart is re-entering the fintech arena with the launch of its...

India’s Fintech Sector Witnessed Slower Growth in Loan Disbursements During FY24: NBFCs Drive 70% of Digital Lending

India's fintech sector continues to witness significant growth in digital lending. This surge is driven by technological advancements and increased financial inclusion, making credit more accessible to a wider segment of the population. The latest report by the Fintech...

Adani to Enter e-Commerce and Digital Payments Space: Can Adani Rebuild Trust and Win in India’s Booming Digital Market?

The Adani Group, founded by billionaire Gautam Adani, is now stepping into India's fast-growing consumer market. The conglomerate, known for its vast infrastructure and logistical prowess across ports, airports and electric power, is reportedly gearing up to capture a...

Apple Is Facing A Very Peculiar Problem in India as iPhone Sales Surge

Despite the widespread adoption of digital payment methods in India, cash remains the king, and that's troubling Apple! Indians' love affair with cash shows no signs of abating, even for big-ticket purchases such as iPhones and cars. When Apple...

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...

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...

Depsite Introducing Alluring New Features, It’s an Uphill Battle for WhatsApp Pay in India

Who would've imagined sending money to your friends and family would one day become as effortless as sending a text via your favourite instant messaging app? Over the past five years, the digital payments landscape in India has undergone...

UPI transactions in India hit an all-time high of 9.4 billion in May 2023

India has seen a digital boom in the last five years, especially after Covid-19 Pandemic. The number of people going online, shopping, and making online payments through UPI, Wallets, or their credit/debit cards has surged dramatically in recent years....

UPI transactions in India declined 6.3% MoM in February 2023, indicating cash remains king!

The adoption of UPI-based payments in India has dramatically increased since its launch in 2016. It is currently the fastest-growing mobile payment system in the world. Surprisingly, after a stellar performance in 2022, the country saw a notable drop in...
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Happy Birthday Elon Musk: Entrepreneur, Engineer, Risk Taker Extraordinaire!

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