UPI Payments

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 - Google Pay and PhonePe. Together, these two UPI apps account for nearly 90% of the market, leaving the rest...

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...

Why PhonePe, Google Pay, and Merchants Are Apprehensive About the New UPI Plugin?

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...

The Convenience of UPI Payments in Indian Online Casinos

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...

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...

Number of UPI Transactions In March 2022: Hit A Record 5 Billion and Counting

The number of UPI transactions surpassed the 5 billion mark for the first time in March 2022, two days ahead of the month-end. According to the National Payments Corporation of India (NPCI) tweet, the transactions through the Unified Payments Interface...

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,...

Chipping Away: Amidst the UPI Boom, Paytm Looks To Navigate its Way

As if it wasn’t on a roll earlier, the COVID-19 pandemic made the thrust to digital payments all the more prolific, important, and the ultimate need. At the front and center, milking all that acceleration has been the UPI or...

UPI Transactions Slowing Down? 2.29 Billion In February, A Dip From January!

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...

UPI Transactions To Cross Record 6.5 Billion In Q4 2020

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...
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Latest News

Google Invests in Flipkart: Gearing Up for Quick Commerce Battle

Flipkart, India's e-commerce major, secured a $300-$350 million investment from Google, positioning the tech giant as a minor investor....
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