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PhonePe, Google Pay duopoly weakens as market share slips below 80%IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fe...- UPI processes Rs 29.9 lakh crore in May; transaction volumes hit 23.2 billionDaily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher adoption of UPI for retail consum...
- UPI volumes report 3% dip in April to 22.5 billion transactions after record high numbers in MarchUPI transactions in April saw a minor dip from March but a 25% rise year-on-year. While UPI shows resilience, India's digital payments sect...
- ICICI Bank enables facial recognition, fingerprint authentication services for UPI transactions up to Rs 5,000: How to activate service on iMobile AppICICI Bank now allows users to authorize UPI payments up to Rs 5,000 using fingerprint or face recognition on its iMobile app. This feature...
- Government seeks 5% UPI market share for Bhim by 2028The NPCI-backed payment application currently has a market share of around 0.2%. The government is working on boosting Bhim’s tech backend ...
- UPI transactions in December rise 8% on month, 39% on yearThe value of these transactions totalled Rs 23.25 lakh crore, compared with Rs 21.55 lakh crore in the previous month, according to data re...
- New FASTag regulations to come into effect on August 1: Here's all you need to knowStarting August 1, 2024, the National Payments Corporation of India (NPCI) introduces significant changes to FASTag regulations, emphasizin...
- UPI transactions set new record, scale 14 billion peak in MayThe Unified Payments Interface (UPI) network, operated by the National Payments Corporation of India (NPCI), has achieved a significant mil...
- UPI transactions scale 14 billion peak in MayThe record high transactions come after a month-on-month dip in volumes in April to 13.3 billion, with the network dropping 1% from 13.44 b...
- NPCI to delay payments market cap, helping Walmart-backed PhonePe, Google PayIndia delays market share caps for digital payments, benefiting PhonePe and Google Pay. NPCI extends UPI market share cap deadline. PhonePe...
- Industry keenly awaiting implementation of 30 pc UPI market share cap by NPCIAs the deadline looms for the NPCI's 30% UPI market ceiling, industry players are eagerly anticipating the upcoming measures to meet this c...
- NPCI pushing new UPI players to offer incentives to expand market shareNPCI encourages new UPI apps to invest for user growth. Uncertainty looms over market share deadline extensions, hindering significant capi...
- Paytm may get NPCI nod for third-party application license but no relief for banking arm beyond March 15: ReportThe National Payments Corp of India (NPCI) is expected to grant a third-party application provider license to Paytm, also known as One 97 C...
- You may have Ferrari, but still have to obey traffic rules: RBI head Shaktikanta Das on PaytmRBI Governor Shaktikanta Das emphasizes support for Fintech while clarifying the action against Paytm Payments Bank (PPBL) as a response to...
- NPCI sets 1.1% interchange fee on UPI payments via prepaid instruments, walletsThe National Payments Corporation of India has set the interchange fee at 1.1% for merchant transactions initiated using a Prepaid Payment ...
- NPCI extends UPI market share cap deadline by two yearsMove brings relief to Walmart-backed PhonePe and Google Pay; Paytm believed to be against deadline extension.
- NPCI in talks with RBI on UPI volume cap deadlineNPCI in November 2022 had proposed a 30% volume cap for third-party app providers (TPAP) in a bid to avoid concentration risk.
- NPCI in talks with RBI on UPI volume cap deadlineNPCI in November 2022 had proposed a 30 per cent volume cap for third-party app providers (TPAP) in a bid to avoid concentration risk.
- Govt flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCIThe government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the Nat...
- Government flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCIThe government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the Nat...
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