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  • SBI's digital banking services to be affected on May 7 due to maintenance May 06, 2021 10:57 PM IST

    SBI's digital banking services to be affected on May 7 due to maintenance

    Last month too, the public sector bank's digital banking platforms -- Yono, Yono lite, internet banking, and Unified Payments Interface (UPI) -- were affected due to maintenance.

  • Your UPI transactions in gaming apps may soon be blocked: Report Apr 19, 2021 10:38 AM IST

    Your UPI transactions in gaming apps may soon be blocked: Report

    The NPCI has seen a massive spike in low-ticket transactions as low as Re 1 processed by gaming apps.

  • Moneycontrol on Clubhouse: Future of Digital Payments in India Apr 03, 2021 05:08 PM IST

    Moneycontrol on Clubhouse: Future of Digital Payments in India

    With over 200 million active digital payment users of in India, UPI transactions crossed 5 lakh crore in value for the month of March 2021.

  • UPI transactions touch new high, cross Rs 5 lakh crore in March Apr 01, 2021 02:24 PM IST

    UPI transactions touch new high, cross Rs 5 lakh crore in March

    UPI, which has been clocking over two billion transactions a month since late in 2020, has ambitions of touching two billion transactions a day in the next few years.

  • Can 30% market share cap on UPI ever be implemented? Mar 31, 2021 02:51 PM IST

    Can 30% market share cap on UPI ever be implemented?

    The decision National Payments Corp of India (NPCI), India’s flagship payments processor. to check UPI’s growth by introducing a new rule that restricts TPAP (Third Party Application Providers) from going beyond 30% market share is bad for customers and payment apps.

  • Indians should be allowed to have crypto as an asset class: Nandan Nilekani Mar 22, 2021 11:02 PM IST

    Indians should be allowed to have crypto as an asset class: Nandan Nilekani

    Nilekani's stance is significant, as he is one of India's most prominent technocrats and has played a central role in building India's digital rails- be it Aadhaar, the UPI payment infrastructure, GST or FASTag.

  • Explained: All about the UPI-Help feature to raise payment complaints online Mar 17, 2021 10:02 AM IST

    Explained: All about the UPI-Help feature to raise payment complaints online

    SBI, HDFC Bank, ICICI Bank and Axis Bank have enabled the UPI-Help feature for their customers

  • Govt working on new technology platforms to recreate success of UPI, GSTN: Report Mar 11, 2021 11:48 AM IST

    Govt working on new technology platforms to recreate success of UPI, GSTN: Report

    The project, called National Public Digital Platforms, is reportedly being executed by MeitY

  • PhonePe & Paytm lock horns: Both claim market leadership Mar 02, 2021 07:09 PM IST

    PhonePe & Paytm lock horns: Both claim market leadership

    Paytm is yet to put out a breakup of its numbers for February, so it’s hard to tell who really was No. 1 last month with both claiming to have recorded over a billion transactions.

  • Conflict of interest | Visa, Mastercard having ‘second thoughts’ on RBI’s New Umbrella Entities: Report Mar 02, 2021 09:18 AM IST

    Conflict of interest | Visa, Mastercard having ‘second thoughts’ on RBI’s New Umbrella Entities: Report

    Consortiums have till March 31, to submit bid for NUEs to the RBI after the deadline was extended from February 26.

  • Paytm-Ola-IndusInd Bank to apply for NUE to launch payments network: Report Feb 26, 2021 09:40 AM IST

    Paytm-Ola-IndusInd Bank to apply for NUE to launch payments network: Report

    The consortium will submit its proposal to the Reserve Bank of India on February 26

  • Amazon-Axis-ICICI-Visa consortium to set up ‘UPI-like’ payments system via NUE: Report Feb 24, 2021 02:20 PM IST

    Amazon-Axis-ICICI-Visa consortium to set up ‘UPI-like’ payments system via NUE: Report

    The proposal is likely to be presented to the Reserve Bank of India (RBI) before February 26, which is the deadline to submit bids for NUEs

  • Bajaj Finance to enter payment solutions market with Bajaj Pay Jan 20, 2021 07:47 PM IST

    Bajaj Finance to enter payment solutions market with Bajaj Pay

    Bajaj Finance, in a regulatory filing, confirmed that its targeted time for Bajaj Pay launch is Q4 of FY21. The move will allow the company to make forays into the fast-growing payment solutions market in India.

  • PhonePe beats Google Pay as top UPI app in December with transactions worth Rs 1.82 lakh crore Jan 19, 2021 09:32 AM IST

    PhonePe beats Google Pay as top UPI app in December with transactions worth Rs 1.82 lakh crore

    PhonePe and Google Pay dominate the UPI market in India, and, in December accounted for 78 percent of transaction volumes and 86 percent of transaction value.

  • How to use UPI to apply for bonds: 6 simple steps Jan 15, 2021 09:42 AM IST

    How to use UPI to apply for bonds: 6 simple steps

    Investors may submit the bid-cum-application form in UPI through eligible intermediaries and stock exchanges (App/Web interface).

  • Restore MDR on UPI and RuPay transactions, banks, payment firms ask Centre: Report Jan 11, 2021 10:31 AM IST

    Restore MDR on UPI and RuPay transactions, banks, payment firms ask Centre: Report

    The proposal includes “discounted MDR on RuPay to make it competitive with Visa and Mastercard” bank cards, and flat, “slab-based MDR on UPI transactions.”

  • How India has adopted digital payments through 2020 Dec 30, 2020 12:11 PM IST

    How India has adopted digital payments through 2020

    While almost every payment mode suffered a fall during April and started picking up in the second half of the year, exception was RuPay cards for PoS transactions at offline merchants, which are still below pre-Covid numbers and UPI on the other end which grew strongly over the last few months.

  • UPI | Why put a cap on competition and innovation? Dec 15, 2020 01:26 PM IST

    UPI | Why put a cap on competition and innovation?

    The National Payments Corporation of India’s move to impose volume caps could hamper competition and potentially reduce the competitive suspense in the market, and increase the likelihood of coordination/collusion among market participants

  • Google Pay, PhonePe accounted for 86% of UPI transactions in Oct: NPCI Dec 08, 2020 11:57 AM IST

    Google Pay, PhonePe accounted for 86% of UPI transactions in Oct: NPCI

    UPI transactions worth Rs 1,65,654.71 crore were made through Google Pay in October.

  • EXCLUSIVE | December nightmare unfolds for UPI users, transaction declines see a big jump Dec 03, 2020 10:26 AM IST

    EXCLUSIVE | December nightmare unfolds for UPI users, transaction declines see a big jump

    Industry experts say banks were not prepared for an 83 percent jump in UPI payments within the last five months. Their server capacity and back-end systems need to be upgraded to be able to handle this massive load.

  • WhatsApp Pay | What a 30 percent cap on market share means in the UPI market Nov 10, 2020 09:11 AM IST

    WhatsApp Pay | What a 30 percent cap on market share means in the UPI market

    With about 400 million users, many of whom are actively engaged, WhatsApp is well-placed in P2P payments. However, roughly half the UPI payments are for commerce, and this is where WhatsApp will have to think through new use cases to take on the incumbents

  • WhatsApp Pay now available in India: 5 things to know Nov 10, 2020 07:00 AM IST

    WhatsApp Pay now available in India: 5 things to know

    WhatsApp Pay is built atop Unified Payments Interface or UPI, a payments infrastructure built by a coalition of large banks in India.

  • Deep into festive season, economic indicators show resilience Nov 09, 2020 05:54 PM IST

    Deep into festive season, economic indicators show resilience

    Even as Covid-19 cases continue to surge, policymakers can take heart from the fact that a number of high-frequency indicators show signs of resilience, pointing towards overall economic recovery in the country. Moneycontrol takes a look at some of these economic indicators

  • WhatsApp Pay | Let a hundred flowers bloom Nov 09, 2020 01:21 PM IST

    WhatsApp Pay | Let a hundred flowers bloom

    Imposing a market share cap on UPI is a retrograde step that will restrict customer choice and stifle innovation

  • Cap on transaction volumes may hurt adoption of UPI: Google Pay Nov 07, 2020 10:36 AM IST

    Cap on transaction volumes may hurt adoption of UPI: Google Pay

    The NPCI on November 5 capped UPI transactions by a Third Party App Provider (TPAP) at 30 percent of the market share.

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