Upi

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Upi - Total results - 218
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.

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.

Man cheated of Rs 6.8 lakh in a UPI app fraud despite never using the UPI app
News & Analysis

Man cheated of Rs 6.8 lakh in a UPI app fraud despite never using the UPI app

Cyber cell experts that this fraud has taken place using the SIM swapping trick.

WhatsApp fails to set a timeline on data localisation for payments: Report
News & Analysis

WhatsApp fails to set a timeline on data localisation for payments: Report

National Payment Corporation of India's deadline for data localisation has, however, already expired.

Why Abhijit Bose could be key to WhatsApp's ability to scale up payments biz in India
News & Analysis

Why Abhijit Bose could be key to WhatsApp's ability to scale up payments biz in India

Bose has been evangelising the idea of how Ezetap could turn any mobile device into a PoS device.

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report
News & Analysis

RuPay, UPI to soon overtake global competitors like Visa, Mastercard: Report

UPI, RuPay reportedly accounted for 65.2 percent of all debit and credit card transactions as on 31 August 2018.

Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry
Business

Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry

Existing payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.

Demonetisation anniversary: Visa, Mastercard losing market share to indigenous RuPay card, UPI, says Arun Jaitley
Business

Demonetisation anniversary: Visa, Mastercard losing market share to indigenous RuPay card, UPI, says Arun Jaitley

"Today, Visa and Mastercard are losing market share in India to the indigenously developed payment system of UPI and RuPay card whose share has reached 65 percent of the payments done through debit and credit cards," Arun Jaitley said.

Demonetisation anniversary: A political thriller turns two; for a struggling economy, its costs have far outweighed the gains
Business

Demonetisation anniversary: A political thriller turns two; for a struggling economy, its costs have far outweighed the gains

Two years ago, on this day, Modi launched demonetisation with three core objectives to begin with--terminating black money in cash, killing fake currency and putting an end to cash-based corruption.

2 years of demonetisation: Note ban decision targeted black money outside India and formalised economy, writes Arun Jaitley
India

2 years of demonetisation: Note ban decision targeted black money outside India and formalised economy, writes Arun Jaitley

Demonetisation is a key step in a chain of important decisions taken by the Government to formalise the economy. The Government first targeted the black money outside India. Asset holders were asked to bring this money back on payment of penal tax.

SEBI to introduce alternative payment mechanism for retail IPO investors from January; move will cut listing time
Business

SEBI to introduce alternative payment mechanism for retail IPO investors from January; move will cut listing time

As a part of the continuing efforts to further streamline the process, SEBI has decided, in consultation with the stakeholders to introduce the use of UPI as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail investors through intermediaries.

UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platform
Business

UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platform

With the launch of UPI, India became one of the only 18 countries worldwide to have a real-time P2P payment system (across different banks) way ahead of the USA and some of the other developed countries

Paytm registers over 137 million UPI transactions in September, tops UPI market
News & Analysis

Paytm registers over 137 million UPI transactions in September, tops UPI market

Paytm now has over 33 percent of the overall Unified Payments Interface market share.

Digital payments: Over 400 mn UPI transactions worth Rs 59,835 cr clocked in September; up 30% over August
Business

Digital payments: Over 400 mn UPI transactions worth Rs 59,835 cr clocked in September; up 30% over August

Monthly transactions through unified payments interface (UPI) increased by more than 30 percent month-on-month to 405.87 million in September, totalling over Rs 59,835 crore in value, according to the National Payments Corporation of India (NPCI) data.

Why companies like Apple are hesitating to launch payment services in India
News & Analysis

Why companies like Apple are hesitating to launch payment services in India

RBI’s data localization mandate indicates the hurdles companies face to set up payment services.

UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 crore
Business

UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 crore

The number of transactions via UPI grew 32 percent to 312.02 million over the previous month amounting to Rs 54,212.26 crore, according to NPCI website.

Google Tez might be renamed to Pay, merged under global framework of Google Pay
News & Analysis

Google Tez might be renamed to Pay, merged under global framework of Google Pay

Consolidation of the Tez mobile wallet into Google Pay would allow UPI for app purchases on Play Store.

Walmart India activates UPI on its B2B e-commerce platform for all registered members
Business

Walmart India activates UPI on its B2B e-commerce platform for all registered members

Walmart India said that with the expectation that the UPI system will boost online transactions, the initiative will certainly complement efforts to make India a digital economy

BHIM UPI 2.0 has been officially announced by the NPCI: Here's what's new
News & Analysis

BHIM UPI 2.0 has been officially announced by the NPCI: Here's what's new

BHIM UPI 2.0 was unveiled by the National Payments Corporation of India (NPCI) in Mumbai today.