Digital Payment

UPI users will soon be able to perform transactions in the United Kingdom. National Payments Corporation of India, organization behind UPI, has teamed with PayXpert, UK-based payment solutions provider, to boost the acceptability of UPI's payment solutions in the UK. Through this collaboration, UK will be capable of accepting payments made in person using Indian payment systems, beginning with QR code payments and subsequently adding support… read-more

Digital payments application BharatPe has become the official partner of ICC (International Cricket Council) till 2023. It will promote ICC across digital and broadcast platforms and execute in-venue brand activation at all ICC events till 2023. Major tournaments included World Test Championship (2021, 2023), Men’s T20 World Cup (2021, 2022), Women’s World Cup (2022), U19 Cricket World Cup (2022), Women’s T20 World Cup (2022), and Men’s… read-more

The RBI has issued rolled new rule for banks and payment platforms to send notifications of auto and recurring payments of mobile, utility and OTT platform bills. Applicable from April 1, the rule provisions banks and pay-platforms to send a 24-hour pre-transaction notification to users and mandates banks to send OTP to customers for payments above ₹5,000. Including payment wallets, the rule asks for additional authentication by customers for… read-more

With a 7% hike, over 968.7 million UPI transactions were done through digital payment app PhonePe in January. The app, leaving behind its competitor Google Pay, processed a total value of Rs 1.92 trillion. Moreover, 42% of the total Unified Payments Infrastructure (UPI)  transactions were made through the app. However, the transactions on Google Pay showed a slight decline processing 853.5 million (37%) UPI transactions.