The drop is partly tied to POP's decision to dial back cashback incentives that were deployed aggressively during the festival season to spur growth
super.money said that it prioritises quality over quantity and it has one of the highest revenue per user among the top five UPI apps
Newer UPI apps, Sachin Bansal-led Navi and Flikart Group’s super.money, along with NPCI’s subsidiary BHIM app, has gained market share over the last couple of years
Money has moved online faster than inheritance laws have caught up.
Merchants are prioritising UPI Autopay over cards despite lower success rates, betting on its scale, lower costs and strong user adoption. As recurring payments surge, even partial execution through UPI Autopay delivers more value than higher-success but limited card mandates
The notable exception to this trend was credit and debit card spending, which is online sales driven. The card spending has also been hit by UPI's popularity, which also hit record highs in December
Digital payments hit 21.6 billion transactions and Rs 28 lakh crore in a single month, underscoring UPI’s role as India’s default retail payment rail
Paper-based instruments such as cheques now represent just 2.4 percent of transaction value.
Tobacco kiosks see fastest rise in transaction volumes as UPI embeds itself in low-value spending
The age of cashless convenience is over. The coming year will test who really owns India’s payment rails.
When a UPI payment fails or lands in the wrong place, the fastest fix usually comes from knowing the exact path to follow and the timelines banks are expected to meet.
Peers PhonePe and Paytm also have co-branded Rupay credit cards that can be linked to UPI for merchant payments.
MoUs on renewable energy, water management, digital public infrastructure and cultural exchange signed during Modi's first visit to Jordan, as two sides mark 75 years of diplomatic ties
A practical look at how families can protect themselves as UPI becomes the default way to pay for everything from groceries to school fees.
The mobile payments platform also recorded transactions worth over Rs 1 lakh crore for the first five consecutive days during the month
A simple explainer on the two short-term credit options and how they affect your spending and repayments.
The pace of expansion stayed strong in November, with UPI transaction volumes rising 32.2% YoY, a three-month high, and value 22.1%
Navi is chasing profitability as it is looking to launch an IPO in the next fiscal and the fintech has been moving in that direction over the past six months, Naresh tells Moneycontrol
Frauds involving UPI are on the rise, adopting a few simple daily habits around verification, device security and PIN hygiene can drastically cut your risk of losing money.
Proposed UPI-TIPS interlinkage aims to facilitate cross-border remittances between India and the Euro Area
Market-linked transactions fall 8.6% even as most consumption categories show strong festive gains
Most major banks register their smoothest UPI performance since 2022, with PSU lenders showing the steepest improvement
Once implemented, it will make Peru the first South American country to adopt the Unified Payment Interface (UPI) technology.
Even though Paytm's latest quarterly revenue is below its FY 24 December quarter, the reduction in expenditure and rising merchant subscriptions have helped the company post a net profit for two consecutive quarters
Nagaraju said past decade has been one of the most transformational in the BFSI.