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  • PhonePe CEO Sameer Nigam makes renewed pitch for MDR, warns there is no path to recovery otherwise Sep 22, 2022 05:37 PM IST

    PhonePe CEO Sameer Nigam makes renewed pitch for MDR, warns there is no path to recovery otherwise

    Nigam pointed out that when payment modes are made free of cost there is an underlying assumption that companies involved in these businesses will have alternate sources of revenue. However, that may be possible for banks, but not startups, he added.

  • Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive Aug 22, 2022 11:17 AM IST

    Blame game on UPI charges: Payments council chief claims banks take away most of the govt incentive

    Vishwas Patel, who is also the executive director of omnichannel payments provider Infibeam Avenues, was responding to the Finance Ministry's tweet which said that there is no consideration to levy any charges on UPI transactions.

  • WhatsApp UPI volumes drop 73% in July as cashback fervour fades away Aug 09, 2022 02:25 PM IST

    WhatsApp UPI volumes drop 73% in July as cashback fervour fades away

    In June, WhatsApp had registered a six-fold jump in transactions at 23.04 million as against 3.48 million in recorded May, after it introduced a cashback offer to attract users

  • Wary of Phone Pe and Google Pay's duopoly in UPI market, MPs plan to raise issue in Parliament Jul 11, 2022 08:34 AM IST

    Wary of Phone Pe and Google Pay's duopoly in UPI market, MPs plan to raise issue in Parliament

    Adding PayTM, the share of the top-three players rose even further to 96 per cent.

  • Another record month for UPI, transactions cross Rs 10 lakh crore milestone in May Jun 02, 2022 12:35 PM IST

    Another record month for UPI, transactions cross Rs 10 lakh crore milestone in May

    The number of transactions inch close to the 600-crore mark, up more than 100 percent from the year-ago period

  • Google Pay crosses 150 million users across 40 countries Apr 28, 2022 11:44 AM IST

    Google Pay crosses 150 million users across 40 countries

    During the company's quarterly earnings call, Google CEO Sundar Pichai expressed his happiness at the milestone, applauding the digital payments initiative in India, saying that it is "certainly what really got everything started".

  • Google Pay, Pine Labs tie up to launch Tap to Pay feature for UPI Mar 30, 2022 01:15 PM IST

    Google Pay, Pine Labs tie up to launch Tap to Pay feature for UPI

    To pay, a user has tap their phone on the POS terminal and authenticate the payment from their phone, using the UPI PIN

  • Payments up to Rs 500 make up majority of UPI payment volumes: NPCI data Mar 09, 2022 01:13 PM IST

    Payments up to Rs 500 make up majority of UPI payment volumes: NPCI data

    For the first time, NPCI has shared granular data on the share of different transactions amount in monthly UPI volumes and values.

  • Who can apply for a personal loan via Google Pay? Feb 17, 2022 05:02 PM IST

    Who can apply for a personal loan via Google Pay?

  • Is Paytm worth a bet after Q3 earnings and a steep price correction? Feb 08, 2022 11:19 AM IST

    Is Paytm worth a bet after Q3 earnings and a steep price correction?

    Paytm’s valuation looks reasonable now, but business uncertainties still persist

  • When Paytm chief Vijay Shekhar Sharma slid into a user's DM, won an admirer Jan 19, 2022 07:16 PM IST

    When Paytm chief Vijay Shekhar Sharma slid into a user's DM, won an admirer

    A Paytm user shared a screenshot of Vijay Shekhar Sharma's note for him in his Direct Message folder on Twitter.

  • Google Pay partners Indifi to provide instant MSME credit as it expands its financial services play Jan 14, 2022 11:08 AM IST

    Google Pay partners Indifi to provide instant MSME credit as it expands its financial services play

    With a 35 percent share of monthly UPI volumes, Google Pay has been growing its financial services play over the past year like other payments leaders in India

  • UPI servers restored after brief outage Jan 09, 2022 04:55 PM IST

    UPI servers restored after brief outage

    "UPI is operational now, and we are monitoring system closely," the National Payments Corporation of India (NPCI) said.

  • Digital payments: How they work, the cost of your transaction and other questions answered Jan 05, 2022 07:24 AM IST

    Digital payments: How they work, the cost of your transaction and other questions answered

    A lot of pieces come together like clockwork to ensure that your money securely travels from your bank to another. We explain where all your money makes pit stops and how payments players earn en route.

  • Banks must show growth in RuPay debit card, UPI usage to claim full MDR incentives Dec 20, 2021 01:24 PM IST

    Banks must show growth in RuPay debit card, UPI usage to claim full MDR incentives

    The Rs 1,300-crore scheme will be applicable for transactions starting FY22. For UPI transactions, only those between customers and merchants up to Rs 2,000 will be incentivised.

  • RBI on digital payments: A win for UPI, a setback for Paytm and other wallet players? Dec 08, 2021 07:51 PM IST

    RBI on digital payments: A win for UPI, a setback for Paytm and other wallet players?

    Analysts expect the RBI to crack down on transaction fees levied for using e-wallets, a major setback for fintechs and their revenues. UPI transactions are expected to grow further if feature phone users are brought on the platform.

  • Indian bankers may lose large parts of traditional business to Google Pay, Phonepe: Uday Kotak Dec 03, 2021 07:09 PM IST

    Indian bankers may lose large parts of traditional business to Google Pay, Phonepe: Uday Kotak

    To match the competition, Indian banks need to adopt a customer-centric instead of a sales-centric approach, said Uday Kotak, who is the founder and chief executive of Kotak Mahindra Bank.

  • UPI transactions dip in November post October's festive rush Dec 01, 2021 12:34 PM IST

    UPI transactions dip in November post October's festive rush

    UPI recorded 418 crore transactions in November with a value of Rs 7.68 lakh crore. This breaks UPI's five-month streak of consistent month-on-month growth, but transaction values continue to be higher than $100 billion for the second straight month.

  • Exclusive: Have to take a balanced approach to market share cap for UPI apps: Praveena Rai of NPCI Nov 16, 2021 05:12 PM IST

    Exclusive: Have to take a balanced approach to market share cap for UPI apps: Praveena Rai of NPCI

    The COO says NPCI is constantly evaluating its readiness to handle growing transactions. Rai tells Moneycontrol that NPCI is in discussions with UPI app players to maintain the 30 percent market cap guidelines.

  • Explained: Why UPI is not at the heart of Paytm's payments business Nov 11, 2021 03:43 PM IST

    Explained: Why UPI is not at the heart of Paytm's payments business

    While Paytm, the third-largest UPI player is far behind the leader PhonePe, the D Street-bound company enjoys a large share in overall payments made by individuals to merchants. Paytm would rather have transactions routed through its own end-to-end platform than depend on NPCI’s platform.

  • EXCLUSIVE: WhatsApp seeks higher UPI user cap; NPCI may relax limit in phases Nov 10, 2021 11:00 AM IST

    EXCLUSIVE: WhatsApp seeks higher UPI user cap; NPCI may relax limit in phases

    WhatsApp is accelerating efforts to expand its payment service. A relaxation of the 20 million user limit will help it ramp up transaction volumes and value

  • WhatsApp UPI transactions see steady uptick in September, October after renewed push Nov 09, 2021 01:50 PM IST

    WhatsApp UPI transactions see steady uptick in September, October after renewed push

    While WhatsApp’s share in monthly UPI transactions is minuscule, compared to PhonePe and Google Pay, transactions on the app in October grew more than two times from September

  • UPI leaders PhonePe, Google Pay and Paytm see record transactions in October Nov 08, 2021 08:00 PM IST

    UPI leaders PhonePe, Google Pay and Paytm see record transactions in October

    October saw overall UPI transaction values cross an all-time-high of $100 billion, spurred by the beginning of the festival season and increased shopping at physical outlets.

  • Fino Payments Bank IPO – Should investors bet on this pricey but unique business? Oct 29, 2021 09:57 AM IST

    Fino Payments Bank IPO – Should investors bet on this pricey but unique business?

    Fino is a specialised bank that provides services in a cost effective way with the help of technology

  • PhonePe, Google Pay, Paytm retain UPI market share, even as WhatsApp transactions double Oct 11, 2021 03:17 PM IST

    PhonePe, Google Pay, Paytm retain UPI market share, even as WhatsApp transactions double

    After WhatsApp said last month that it is adding a Rupee icon to make the payments option more visible and is on the path of scaling up, its UPI volumes grew to 10 lakh in September from five lakh in August.

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