UPI

UPI and RuPay Services to go Global as NPCI Launches International Wing

National Payments Corporation of India, aka NPCI, a body that regulates and facilitates digital payment activities in the Indian economy, has expressed plans to extend its services to overseas markets. Most commonly associated with the RuPay cards and the UPI...

Can WhatsApp Pay Give PhonePe And Google Pay Run For Their Money?

The popular instant messaging platform WhatsApp’s newest offering WhatsApp Pay, which is a UPI-based payments app, is all set to officially roll out in India very soon. The two bankers who are familiar with the development, have confirmed that...

The Number of UPI Transactions Plunged Significantly For The First Time Ever!

Since its inception in India, the Unified Payments Interface, aka UPI, has seen an unimaginable amount of scale and speed in terms of growth and adoption. As many as 148 Indian banks currently live on the UPI platform right...

Fintech Startups Hit By Outages Post Yes Bank’s Moratorium

As the central bank placed Yes Bank under moratorium till April 3rd, several startups including the digital payment firms PhonePe and BharatPe, which relied on Yes Bank as their banking partner seemed to face outages. It has been reported...

Digital Payments in India: UPI Stands Triumphant Over Debit and Credit Cards

UPI or the Unified Payments Interface has become one of the fastest-growing payment platforms in India and has draw attention of global policy-makers as well. It is now regarded as an important institutional and public policy innovation. On Thursday, revelations...

Paytm Aims To Strengthen Its Market Presence With All-in-One Device

The growth of digital payment in India is primarily led by mobile. In the last few years, however, the competition has become fierce and mobile wallet companies are leaving no stone unturned to keep customers glued with their services....

UPI Scam: A Man Loses Rs. 1.01 Lakhs While Using Paytm and Google Pay

Facebook finds it itself in the middle of its first scam of the new decade and the catalyst seems to be its online marketplace. However, the related report highlights a much larger issue that has nothing to do with...

The Number of UPI Transactions: 1 Billion And Counting!

The total number of UPI transactions in India has crossed the 1 billion mark for the first time in October 2019. It also makes the Unified Payment System, (UP) the fastest growing mobile payment system in the world. UPI, which...

Volume and Value of UPI Transactions In India by Month

The above graph represents the total volume and value of UPI transactions in India by month, starting from August 2016 to September 2020. The digital transactions in India through Unified Payments Interface (UPI) touched a new record in September...

Number of UPI Transactions in India by Month

The above graph represents the total number of UPI transactions in India by month, starting from August 2016 to June 2020. The number of UPI transactions increased a considerable 8.3% month-on-month in June 2020 to a record-high of 1,336.93...

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Facebook Is Waging A Full-Blown War Against Clubhouse!

Facebook is all set to wage a full-blown war against Clubhouse, the newest and hottest entrant in the social...