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...
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...
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...
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...
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....
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...
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...
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...
For the last few months, the growth in the number of UPI transactions has been below expectations. Industry experts expected the surge after the holiday season, but February remains no different, both in terms of UPI transactions volume and...
The number of UPI transactions has crossed 2 billion mark in a second consecutive month. With that, it's clear that the number of UPI transactions is all set to touch a record high 6.5 billion figure in Q4 2020.
According...
