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PPB records lowest UPI transaction decline rate in March; SBI’s performance...
Paytm Payments Bank or PPB has once again recorded the lowest transaction decline or technical decline rate among all UPI remitter banks in a month. The Noida-based company has registered 173.09...
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UPI registers 2.64 Bn transactions in April
Unified Payments Interface or UPI registered 2.64 billion or 264 crore transactions worth Rs 4,93,663 crore in April, data released by NPCI in a tweet shows. In March, UPI had recorded 2.73 billion or...
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PhonePe’s UPI market share rises to 45% in April; Google Pay slips a tad
Digital payments firm PhonePe has further increased its lead over Google Pay in terms of market share in Unified Payments Interface or UPI in April, data released by the National Payments Corporation...
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UPI sees a 4% drop in transactions in May
Transactions via Unified Payments Interface or UPI has recorded another drop in volume as well as in the value of transactions. The digital payments railroad has registered 2.53 billion or 253 crore...
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PhonePe controls over 45% market share in UPI in May; Google Pay improves a bit
PhonePe overtook its arch-rival Google Pay in terms of UPI transaction volume and value in December 2020 and the home-grown digital payments firm has since maintained its numero uno status. Now in May,...
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Exclusive: WhatsApp rolls out its UPI-based payments feature for more users
Facebook-owned instant messaging app WhatsApp appears to have started rolling out its Unified Payments Interface or UPI-based payment feature for more users, said two sources familiar with the...
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PhonePe increases its market share in UPI to 46% in June; G-Pay remains flat
The gap between the market share of two leading UPI-based apps PhonePe and Google Pay has further widened in June as the home-grown company recorded a new high in terms of the number of transactions in...
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Banks receive over 19 lakh UPI IPO applications in June
Remitter banks in India received over 19 lakh or 1.95 million IPO applications or mandates created that have chosen UPI as the payment option while filling the application in June, data released by the...
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NPCI’s international arm extends UPI payments system to Bhutan
NPCI International Payments Ltd (NIPL), the International arm of the National Payment Corporation of India and Royal Monetary Authority (RMA) of Bhutan have partnered for enabling and implementing BHIM...
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Paid Covid jabs to get a push from UPI prepaid vouchers from July 15
UPI prepaid vouchers for COVID-19 vaccinations are scheduled for launch on July 15 following which sponsors would be able to buy these vouchers for beneficiaries to pay for their vaccine jab, according...
View ArticlePhonePe revenue jumps 85% in FY21; outstanding losses mount up to Rs 6,329 Cr
PhonePe has been dominating the unified payment interface or UPI ecosystem since the beginning of this year with a significant lead over its closest rival Google Pay. The company was also ahead of its...
View ArticleUPI crosses 4 Bn transactions in October
Unified Payments Interface (UPI) has crossed 4 billion transactions for the first time in a month as the digital payments railroad has recorded 4.21 billion or 421 crore transactions amounting to Rs 7,...
View ArticlePhonePe’s UPI market share rises to 46% in Oct; WhatsApp Pay’s struggle...
Digital payments company PhonePe continues to widen its lead in the unified payments interface (UPI) ecosystem. The company increased its market share in October whereas its arch-rival Google Pay saw a...
View ArticlePhonePe continues to lead with highest UPI transactions in November
Digital payments platforms PhonePe and Google Pay continue to lead the UPI ecosystem in November with PhonePe, the Walmart-owned company sustaining its lead of the past 11 months. PhonePe has...
View ArticleMobikwik, Coinbase halt UPI payments for crypto as NPCI puts out statement
Indian mobile wallet firm Mobikwik and international crypto exchange Coinbase have stopped offering UPI as a payment method for cryptocurrency transactions after the National Payments Corporation of...
View ArticleWhatsApp gets NPCI approval to onboard 100 Mn users on UPI
The National Payments Corporation of India (NPCI) has approved an additional sixty (60) million users on UPI for WhatsApp. With this approval, WhatsApp will be able to expand the service to its 100...
View ArticleUnderstanding the impact of linking credit cards with UPI
The Reserve Bank of India (RBI) has announced that credit cards can now be linked to UPI. UPI (Unified Payments Interface) is the most popular payment system in India that allows customers to make...
View ArticleWithout cashbacks, WhatsApp UPI struggles as volume declines sharply in July
WhatsApp’s transaction data for unified payments interface or UPI in July is a worrisome figure for the Meta-owned company as it saw a steep decline in payment users during the last month as compared...
View ArticleUPI clocks 6.57 Bn transactions in August
Unified Payments Interface (UPI) has registered 6.57 billion transactions worth Rs 10.72 lakh crore (Rs 10.72 trillion) in August, a slight increase over the previous month, according to data issued by...
View ArticleWhatsApp UPI’s struggle continues after a temporary spike
The strategy of retaining customers for its payments feature doesn’t seem to be going well for WhatsApp as the Meta-owned company hasn’t managed to maintain the spike in the number of transactions in...
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