Upi

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Upi - Total results - 218
Digital payment volumes set to grow at 20% per annum; initiatives by RBI, Central and state govts to help achieve target
Business

Digital payment volumes set to grow at 20% per annum; initiatives by RBI, Central and state govts to help achieve target

Globally, digital payment market size is expected to touch $10.07 trillion by 2026, the report said.

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.

Truecaller signs up users for UPI account without their knowledge, says its a bug
News & Analysis

Truecaller signs up users for UPI account without their knowledge, says its a bug

Truecaller had partnered ICICI Bank to launch its UPI-based mobile payment service.

WhatsApp's payment service could reportedly debut very soon in the country
News & Analysis

WhatsApp's payment service could reportedly debut very soon in the country

WhatsApp launched its payment feature with ICICI bank but failed due to a lack of localisation of data storage.

Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industry
Business

Payments Council says abolishing MDR charges to dry up investment capital; will kill revenue source for industry

Abolishing merchant discount rate (MDR) to facilitate digital transaction in the country will dry up foreign capital investment besides leaving the sector without sources of revenue generation, the Payments Council of India (PCI) said on Tuesday

Paytm expects to achieve 2 billion transactions a quarter this year; achieves 1.6 billion transactions in first quarter of current fiscal
Business

Paytm expects to achieve 2 billion transactions a quarter this year; achieves 1.6 billion transactions in first quarter of current fiscal

Paytm is set to expand the payments market in India with its ambitious target to achieve two billion quarterly transactions this year

WhatsApp digital payment application is expected to go live in India soon
News & Analysis

WhatsApp digital payment application is expected to go live in India soon

The data localisation is completed and after the auditors submit the reports, WhatsApp payment application can go live.

Google Pay leads the charge in UPI payments with 240 mn transactions in May
News & Analysis

Google Pay leads the charge in UPI payments with 240 mn transactions in May

Google Pay has consolidated its lead as the top UPI payment app, closely followed by Flipkart-owned PhonePe.

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.

UPI transaction success rate reaches 87 percent in 2019, to improve further: Report
News & Analysis

UPI transaction success rate reaches 87 percent in 2019, to improve further: Report

Blames previous decline on connectivity problems and lack of response from banks’ servers.

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

WhatsApp finally agrees to comply with RBI's guidelines on storage of payment data
News & Analysis

WhatsApp finally agrees to comply with RBI's guidelines on storage of payment data

WhatsApp complying with the central bank's guidelines will enable a wider roll-out of WhatsApp Pay.

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

WhatsApp still hasn't provided a timeline for data localisation says RBI
News & Analysis

WhatsApp still hasn't provided a timeline for data localisation says RBI

WhatsApp payment feature called WhatsApp Pay has been in a beta mode since last year.

Worldline India's Digital Payments Report 2018: UPI, Wallets emerge biggest gainers
News & Analysis

Worldline India's Digital Payments Report 2018: UPI, Wallets emerge biggest gainers

The growth of UPI is at the expense of wallet transactions but that isn't necessarily a bad thing.

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.

E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant
Business

E-commerce revolutionised retail sector, will play major role in India growth story: Niti Aayog CEO Amitabh Kant

Kant noted that driven by the growth in India's retail market, the country's GDP will also witness an increase and result in more job opportunities

SBI announces loan waiver to 23 soldiers killed in Pulwama terror attack; insurance money to be expedited
Business

SBI announces loan waiver to 23 soldiers killed in Pulwama terror attack; insurance money to be expedited

All the CRPF soldiers were SBI customers under Defence Salary Package where the Bank's provides insurance of Rs 30 lakhs to each of the defence personnel.