you are here: HomeNewsUpi
upi
Jump to
182 Results Found
  • 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.

  • Explained | WhatsApp Payments goes live in India, what does this mean for the ecosystem? Nov 06, 2020 08:37 AM IST

    Explained | WhatsApp Payments goes live in India, what does this mean for the ecosystem?

    Almost three years after being launched in a beta testing stage, NPCI has finally allowed WhatsApp to start payments with an initial limit of 20 million users.

  • NPCI imposes 30% cap on transaction volumes of UPI payment apps Nov 05, 2020 09:58 PM IST

    NPCI imposes 30% cap on transaction volumes of UPI payment apps

    This will help address the risks and protect the UPI ecosystem as it further scales up, the NPCI said

  • UPI grows to 2 billion transactions in October, riding festive sales and rapid digitisation adoption Nov 02, 2020 03:55 PM IST

    UPI grows to 2 billion transactions in October, riding festive sales and rapid digitisation adoption

    Many new use cases are pushing UPI payments rapidly, from usage in fantasy gaming to bill payments and payments for services consumed online because of Covid19.

  • High technical failures in UPI show gaps in banks’ digital infrastructure: Report Oct 21, 2020 09:59 AM IST

    High technical failures in UPI show gaps in banks’ digital infrastructure: Report

    Ten top banks (nine of these public sector ones) recorded technical failure rate of over 3 percent in September, against 1 percent in July

  • Hope floats for Indian economy as manufacturing activity, GST collections, vehicle sales pick up Oct 02, 2020 05:13 PM IST

    Hope floats for Indian economy as manufacturing activity, GST collections, vehicle sales pick up

    Moneycontrol analyses some indicators that have shown substantial improvement since the lockdown months, with some even exceeding 2019 levels.

  • To charge or not to charge for digital payments—debate rages on Sep 01, 2020 01:53 PM IST

    To charge or not to charge for digital payments—debate rages on

    While a segment of bankers is in favour of charges, experts say players need to find alternatives and not charge customers for digital transactions to encourage a shift away from cash. Payments startups, too, want the transactions to be free of cost.

  • All about bank charges on UPI transactions Aug 31, 2020 11:02 AM IST

    All about bank charges on UPI transactions

    Banks now appear to be cashing in on the digital payments wave

  • CBDT asks banks to refund charges collected after Jan 1 on e-transactions Aug 30, 2020 05:17 PM IST

    CBDT asks banks to refund charges collected after Jan 1 on e-transactions

    The move comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPI

Sections