Tuesday, October 20, 2020
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Reserve Bank of India

New Retail Payment Framework Unveiled by RBI

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To empower the retail payment system in the country, RBI has invited applications for the New Umbrella Entities. Entities operating in the payment system...
WhatsApp Pay to Rely On Fintech Solutions Made By Indian Companies

WhatsApp Pay Looks to Strengthen India Presence with Homegrown FinTech Solutions

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WhatsApp is in the final process of launching its payment service Whatsapp Pay after two-year-long beta testing in the Indian economy. It is expected...

UPI ends 2019 on a record by crossing ₹2 trillion worth...

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Announcing the latest Unified Payments Interface (UPI) numbers, the National Payments Corporation of India (NPCI) revealed that UPI transactions reached a massive ₹1.31 billion...
upi unified payment interface

UPI transactions soar 9% to 955 million in September : Report

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The National Payments Corporation of India (NPCI) has revealed that the total number of UPI (Unified Payments Interface) transactions in the country stood at 955.01...
B2B e-marketplace Pumpkart bags an undisclosed amount of funding from CII chairman Dinesh Dua

BharatPe raises $50 million from Ribbit Capital, Steadview, Sequoia, others

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BharatPe, a QR code-based payment app for offline retailers and businesses, has secured $50 million (approx ₹360 crore) funding in a round led by...

Tencent backed WeChat likely to be new entrant in India’s UPI...

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The Unified Payment Interface (UPI) which was launched in 2016 has been rapidly gaining ground in the Indian digital payment space. Last December it...

Paytm’s UPI transactions touch 179 million in October, growing at 30%

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Indian digital payments giant Paytm registered 179 million UPI transactions, through its platform in October, rising from 137 million transactions in September, marking a...

UPI registers 482 million transactions, growing at 19% in October

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The number of UPI transactions continue to soar as internet penetration grows across the country. UPI transactions soared to 482.36 million during the month...

NPCI limits UPI P2P transactions to 10, bringing it down from...

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National Payments Corporation of India (NPCI) has reduced the number of daily Unified Payments Interface (UPI) P2P transactions to 10 per bank, from 20...

UPI transactions cross 400 million mark in September, grows at over...

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After reaching a milestone of 300 million transactions in August, UPI reaches yet another milestone, crossing 400 million transactions in September. For the month of...