Photo: Forbes
PhonePe Tops Among UPI Apps; Clocks 42% Of Overall Jan Transactions
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.
Tags: phonepe, Google Pay, UPI, NPCI, Digital Payment App, Digital Payment
Courtesy: LiveMint
Photo: Decan Herald
Snapdeal Joins Hand With NPCI To Help Buyers Pay Through QR Codes
Partnering with National Payment Corporation of India, e-commerce platform Snapdeal has allowed its users to pay via QR-based payment option. The move aims to target new customers who are not comfortable with pre-paid orders. Under the arrangement, buyers will pay by scanning the QR code generated by delivery person through any UPI-linked payment app. The NPCI Marketing Chief Kunal Kalawatia said the process will be secured, hassle-free and… read-more
Tags: Snapdeal, NPCI, Digital, UPI, QR-code, E-commerce
Courtesy: LiveMint
Photo: Representative Image/Financial Times
WhatsApp Pay Gets Approval For UPI In Graded Manner
Facebook's WhatsApp Pay on November 5 received approval from the National Payments Corporation of India (NPCI) to go live on the Unified Payment Interface (UPI) system. However, NPCI has allowed Facebook to execute it only in a graded manner by adding a maximum of 20 million users in the first phase. WhatsApp Pay was already launched in India as a Beta version in 2018 with around one million users.
Tags: WhatsApp Pay, UPI, NPCI, Facebook
Courtesy: Live Mint
Photo: OP India
UPI Payments at Record High in August With 1.5 Billion Transactions
With over 1.5 billion transactions recorded in August, the Unified Payments Interface (UPI) logged its highest-ever volume of transactions. According to the Reserve Bank of India (RBI), there has been 1.56 billion transactions worth Rs 2.85 lakh crore processed in the month of August. This is the third consecutive month of record-breaking UPI transactions: In June the transactions' volume was 1.33 billion, which increased to 1.49 billion in… read-more
Tags: Tech Industry, Technology, UPI, Google
Courtesy: ET Tech
