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Mar 02, 2021 07:09 PM IST 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.
Mar 02, 2021 09:18 AM IST Consortiums have till March 31, to submit bid for NUEs to the RBI after the deadline was extended from February 26.
Feb 26, 2021 09:40 AM IST The consortium will submit its proposal to the Reserve Bank of India on February 26
Feb 24, 2021 02:20 PM IST 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
Jan 20, 2021 07:47 PM IST 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.
Jan 19, 2021 09:32 AM IST 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.
Jan 15, 2021 09:42 AM IST Investors may submit the bid-cum-application form in UPI through eligible intermediaries and stock exchanges (App/Web interface).
Jan 11, 2021 10:31 AM IST 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.”
Dec 30, 2020 12:11 PM IST 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.
Dec 15, 2020 01:26 PM IST 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
Dec 08, 2020 11:57 AM IST UPI transactions worth Rs 1,65,654.71 crore were made through Google Pay in October.
Dec 03, 2020 10:26 AM IST 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.
Nov 10, 2020 09:11 AM IST 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
Nov 10, 2020 07:00 AM IST WhatsApp Pay is built atop Unified Payments Interface or UPI, a payments infrastructure built by a coalition of large banks in India.
Nov 09, 2020 05:54 PM IST 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
Nov 09, 2020 01:21 PM IST Imposing a market share cap on UPI is a retrograde step that will restrict customer choice and stifle innovation
Nov 07, 2020 10:36 AM IST The NPCI on November 5 capped UPI transactions by a Third Party App Provider (TPAP) at 30 percent of the market share.
Nov 06, 2020 08:37 AM IST 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.
Nov 05, 2020 09:58 PM IST This will help address the risks and protect the UPI ecosystem as it further scales up, the NPCI said
Nov 02, 2020 03:55 PM IST 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.
Oct 21, 2020 09:59 AM IST Ten top banks (nine of these public sector ones) recorded technical failure rate of over 3 percent in September, against 1 percent in July
Oct 02, 2020 05:13 PM IST Moneycontrol analyses some indicators that have shown substantial improvement since the lockdown months, with some even exceeding 2019 levels.
Sep 01, 2020 01:53 PM IST 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.
Aug 31, 2020 11:02 AM IST Banks now appear to be cashing in on the digital payments wave
Aug 30, 2020 05:17 PM IST The move comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPI
