digital payments

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...

Global Payment Gateway Market 2022 – 2030: $106.4 billion by 2030 [REPORT]

The global payment gateway market size reached $26.6 billion in 2021 and is estimated to clock a 16.8% CAGR between 2022 and 2030, depicting an enormous opportunity for fintech startups and companies to grow in the years to come. According...

Google backs Crypto Payments: Global Crypto market gets a much needed support

Google will begin accepting cryptocurrency-based payment for cloud services in the early part of next year. The announcement has given big support to the global cryptocurrency market which is going through time. An announcement was made on Tuesday at Google's...

Apple Stops Accepting Indian Cards For Apps and Subscriptions Services

You may not be allowed to add debit or credit card issues in India to your Apple account. You will also not be able to make new payments with these cards even if your Indian card details were already...

PhonePe Revenue in FY21 Soared 85%, Offered ESOPs Worth ₹843 Crore

PhonePe, the market leader in UPI transactions and financial services, announced a significant declined of 44 percent in losses incurred during fiscal 2021 (FY21), on a stand-alone basis, compared to the previous fiscal. Losses from operations, excluding expenses related to...
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LinkedIn Top 25 Companies in India 2024: International Firms Dominate Indian Job Market

India stands as the world's largest market for jobseekers, prompting premier global firms to aggressively vie for top talent....
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