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...
In the fast-paced world of smartphones and cutting-edge technology, India has emerged as the second-largest smartphone market, with a staggering 800 million users. The country's smartphone user base is expected to skyrocket in the next two years as more...
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...
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 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, 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...
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...
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...
