Unified Payments-interface

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Unified Payments-interface - Total results - 62
UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI
Business

UPI recorded 2.23 billion transactions worth Rs 4.16 trillion in December 2020 reports NPCI

This is a 1 percent jump in volume and a 6.4 percent surge in value for UPI from November which had seen 2.21 billion transactions worth Rs 3,90,999 crore.

PhonePe raises $700 million in a new funding round led by Walmart, becomes a separate entity
Business

PhonePe raises $700 million in a new funding round led by Walmart, becomes a separate entity

In unnamed funding round, Flipkart backed PhonePe raises fresh funds thereby taking its valuation to $5.5 billion.

Google Pay tests NFC-based contact-less card payment feature in India
News & Analysis

Google Pay tests NFC-based contact-less card payment feature in India

The service seems to be currently avaialble only on Axis Bank credit/debit and SBI credit cards for a set group of users in India, reports said

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown
Business

Coronavirus Outbreak: UPI transactions drop in March, RTGS shoots up due to lockdown

After constantly rising for the past several months, the volume, as well as value, of transactions through the UPI payment system dropped in March due to the 21-day nationwide lockdown imposed to combat the coronavirus infection

Google writes letter to US Federal Reserve to adopt UPI-like payments mechanism; draws cheers among Indian entrepreneurs
News & Analysis

Google writes letter to US Federal Reserve to adopt UPI-like payments mechanism; draws cheers among Indian entrepreneurs

A top banker told Tech2, UPI is being pushed to go global and now if it manages to draw the attention of the US Federal Reserve it will be big fillip for NPCI.

Google Play Store will now let you make purchases via UPI payment mode
News & Analysis

Google Play Store will now let you make purchases via UPI payment mode

Earlier the option of paying via debit, credit cards and so on were available on Google Play Store.

WhatsApp Pay to get a nod after Indian govt is satisfied with its data compliance policies
News & Analysis

WhatsApp Pay to get a nod after Indian govt is satisfied with its data compliance policies

The government wants to ensure that all the data pertaining to WhatsApp Pay will be stored on servers based in India.

True fintech will be seen in India in the next five years: PhonePe co-founder Rahul Chari
News & Analysis

True fintech will be seen in India in the next five years: PhonePe co-founder Rahul Chari

"If it wasn't for UPI, we wouldn't be where we are right now with digital payments."

Amazon Pay starts offering peer to peer transactions using UPI via its Android app
News & Analysis

Amazon Pay starts offering peer to peer transactions using UPI via its Android app

Amazon's UPI ambitions had come to a halt after it failed to fulfil the data localisation mandates from RBI.

WhatsApp Pay could go live in five months, undergoing third-party audit: Report
News & Analysis

WhatsApp Pay could go live in five months, undergoing third-party audit: Report

Currently, only around 7 lakh WhatsApp users in India can use the WhatsApp Pay beta feature

Google Pay leads UPI transaction value race in March leaving Paytm, PhonePe behind
News & Analysis

Google Pay leads UPI transaction value race in March leaving Paytm, PhonePe behind

Google Pay clocked payments worth Rs 43,000-Rs 45,000 crore in March as per industry sources.

Markets regulator SEBI extends phase 1 implementation of UPI for retail IPO investors till 30 June
Business

Markets regulator SEBI extends phase 1 implementation of UPI for retail IPO investors till 30 June

The timeline for implementing phase 2 and phase 3 shall remain unchanged from the date of completion of phase 1, Sebi said in a circular

Google Pay now lets you book, cancel train tickets via IRCTC within the app
News & Analysis

Google Pay now lets you book, cancel train tickets via IRCTC within the app

Using Google Pay for IRCTC train bookings also ensures you incur no additional processing fee.

Google Pay app reaches 100 million downloads milestone on the Play Store
News & Analysis

Google Pay app reaches 100 million downloads milestone on the Play Store

The Google Tez app was launched back in August 2017 and then rebranded as Google Pay in Sep 2018.

Digital wallets may become invalid by end-February due to non-compliance with RBI's KYC norms
Business

Digital wallets may become invalid by end-February due to non-compliance with RBI's KYC norms

Since there is no option of e-KYC for digital wallets and the RBI has not said anything clearly about the alternate KYC mechanisms, the firms are now in limbo

NPCI reports a record 620.7 mn UPI transactions worth Rs 1 trillion in Dec 2018
News & Analysis

NPCI reports a record 620.7 mn UPI transactions worth Rs 1 trillion in Dec 2018

Earlier last year, NPCI launched UPI 2.0 with features such as overdraft facility to let customers link their OD accounts to the UPI payments system.

Truecaller's UPI payments app expected to cross 25 millions users by March 2019
News & Analysis

Truecaller's UPI payments app expected to cross 25 millions users by March 2019

As many as 50 percent of new Truecaller Pay users are said to be first time UPI users.

Digital payments: Lifting cap on ticket size of transactions will speed up sector growth
Business

Digital payments: Lifting cap on ticket size of transactions will speed up sector growth

The trend seems to be accelerating ever since the Reserve Bank of India that regulates the payment industry allowed interoperability among payment service providers sometime ago.

Banking a billion: India's thrust on digital economy propels country towards financial inclusion, societal transformation
Business

Banking a billion: India's thrust on digital economy propels country towards financial inclusion, societal transformation

Unleashing the potential of these bank accounts and it’s natively built Unified Payments Interface (UPI), India is witnessing a significant push towards digital payments

Paytm registers 600 percent growth in UPI transactions in last six months
News & Analysis

Paytm registers 600 percent growth in UPI transactions in last six months

Paytm registered over 179 million UPI transactions in the month of October alone.