UPI

Link your credit cards with UPI now: NPCI aims for UPI transactions worth $1 billion a day

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...

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...

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...

NPCI’s Voice-Based Payment Solution Could Be a Game Changer

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...

India Processed Nearly 10 Billion More Real-Time Payments Than China In 2020 [Report]

Real-time payments are fast gaining momentum when it comes to popularity! According to e-marketer, in 2020, RTP payment methods were widely used all across Asia-Pacific, with the biggest volume of transactions being observed in India, China, South Korea and Thailand. What...

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...

Google Pay Learns From WhatsApp Debacle: Plans To Monetise Users’ Data, Albeit In A Right Way

After 3.5 years of its existence in India, Google's payments arm Google Pay, or GPay as it's called mostly, is now making a significant move towards monetization. On Thursday, the Alphabet-owned tech giant announced that Google Pay will soon roll...

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...

Reliance Aims To Launch Its Own Version Of UPI-Like Payments Network With Google And Facebook!

The mammoth tech-petroleum conglomerate Reliance aims to create its own version of UPI! According to the latest news, the Mukesh Ambani-led RIL has partnered up with internet giants Google and Facebook to set up a "New Umbrella Entity" aka NUE...

Dragon Slayer: India leaves China Behind in Fintech Deals

The Indian fintech sector is a force to be reckoned with. And by slaying the beast that Chinese fintech is, it has laid down a marker. An annual research report released by RBSA Advisors has validated India emerging as Asia's land...
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Xiaomi achieves yet another milestone: Shipped over 300 million Redmi Note phones globally

The demand for Xiaomi Redmi Note smartphones has dramatically been increasing across the globe. Over the last eight years,...
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