UPI

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...

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...

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...

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 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...