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PER CAPITA UPI USAGE
PhonePe wallet inactive? You will now be fined for not using itPhonePe is now charging a Rs 100 quarterly fee for inactive wallets. This fee applies if users have not made any financial transactions thr...- OpenAI introduces enhanced usage analytics, AI spending controls for ChatGPT EnterpriseThe new features aim to help manage costs and track credit usage, as growing adoption of the AI tools by power users in enterprises has d...
- EPF interest rate retained at 8.25% for FY26Employees' Provident Fund interest rate for 2025-26 is set at 8.25 percent. This rate remains unchanged for the third year. Over 70 million...
- 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...
- How Brexit is estimated to have hit the UK economyBritain's economy shows weak growth since leaving the European Union. Various researchers estimate significant losses in GDP, productivity,...
- Microsoft launches AI agent with pay-as-you-go pricingMicrosoft is changing how it charges for its software for the first time in two decades, moving to bill customers with a pay-as-you-go mode...
- India launches UPI at department store in FranceIndia's digital payment system, UPI, has expanded its global reach with a launch at Galeries Lafayette in Nice, France. This move strengthe...
- India's 5G subscriptions to cross 1.1 billion by 2031; Mobile data usage to nearly double: ReportIndia's 5G subscriber base is expected to surpass 1.1 billion by the end of 2031, representing an 81 per cent subscription penetration rate...
- 'Five guarantee schemes will not be stopped': Siddaramaiah slams BJP for "false propoganda"Former Karnataka Chief Minister Siddaramaiah assures that the Congress party's five guarantee schemes will continue indefinitely. He labels...
- PM-WANI reforms to enhance adoption of public Wi-Fi, boost internet accessibility: ExpertsRecent government reforms to the PM-WANI framework, including short-duration data plans and QR-based authentication, are expected to boost ...
- UPI and AI: 'Buy Rs 500 worth gold if price drops below Rs 16,000/g'; your wish is AI agent's command, and it can make UPI payments at your target priceThe P3P AI agent can complete a UPI payment without any human authentication. However, the human still stays in control. Currently, AI agen...
- Tieups with higher per capita income nations beneficial to all: Piyush GoyalIndia's partnerships with wealthier nations offer mutual benefits. This strategy leverages India's young talent and competitive costs with ...
- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- India to remain fastest-growing major economy at 6.6 pc in FY27, down from 7.2 last year: World BankIndia will remain the world's fastest-growing major economy. Growth is projected to slow to 6.6 percent in fiscal year 2026-27. This modera...
- India, Nepal launch cross-border remittance mechanism; links UPI, NPIIndia and Nepal have launched a new system for money transfers. This links India's UPI with Nepal's NPI. Citizens can now send money instan...
- Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.
- Contactless card payments on the rise as Indian shoppers swipe less, tap moreIndian shoppers are increasingly opting for contactless 'tap-and-pay' card transactions, with estimates suggesting they now account for up ...
- No overcapacity in steel, textiles; India's consumption remains low: DGTRIndia has rejected US claims of excess capacity in its textile and steel sectors. Officials state per capita consumption of these products ...
- Thailand attracts far more tourists than India despite a higher per capita income. Shashi Tharoor explains whyShashi Tharoor advocates for significant policy reforms and infrastructure development to enhance India's tourism. He suggests greater priv...
- BharatPe Flex launched: Pay via UPI now, settle bills later with credit line and up to 45 days of interest-free usageBharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible users to make UPI payments even w...
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