UPI

Total Value of UPI Transactions in India by Month

The above graph represents the total value of UPI transactions in India by month, starting from August 2016 to June 2020. Both, the volume and value of UPI transactions in India hit a new record in June 2020. About...

WhatsApp Sharing Payments Data With Facebook: A Threat To Other Payments Companies In India?

Following months of anticipation, WhatsApp launched its peer-to-peer payment feature in the month of February 2018, putting forth a strong parley to India’s digital payments ecosystem. However, con-tempo news state that, this feature has been a reason for India's Central...

Can The Reserve Bank’s KYC Norms Help UPI Gain The Upper Hand Over Mobile Wallets?

Unless you have been living under a rock for the past year or so, you must have some idea about the meteoric rise in popularity of mobile wallets in India. The sudden explosion in popularity and the subsequent ‘arms...

452% Increase In UPI Transactions in Q4 2017, But BHIM App Disappoints

In December 2016 when Bharat Interface for Money (BHIM) UPI app was launched by the honourable prime minister of India Mr. Narendra Modi, there was hardly anyone who doubted the success of the app. In fact, there were many who...

Why Are Google, Facebook And Whatsapp Bullish About Digital Payment Services?

India is going digital. From productivity to entertainment, Indians are increasingly reliant on technology to fulfil their myriad needs. However, while numerous facets of the Indian industry have adopted digital platforms readily, financial transactions remained anachronistically antiquated for a long...

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Keep Your Aadhaar Card Locked: UIDAI Takes A Measure To Prevent Adhaar Fraud!

At a time when data breaches have become way too frequent, the Unique Identification Authority of India, aka UIDAI,...