In a bizarre case of robbery, a man from Noida, UP was robbed of Rs 6.8 lakh, even though he didn’t have a smartphone. Without any OTP or UPI app, how can robbers conduct this fraud? Was it SIM-swapping at work here?
In yet another innovation related to ATM and cash withdrawal, a tech company has introduced a new concept of withdrawing cash: UPI. This whole concept is based on UPI 2.0, which enables QR code based transactions.
Reliance now wants a greater pie of the UPI payments market in India, and disrupt this niche. As per fresh reports coming in, Jio Money will have UPI payments option very soon, which can surely hit the market of Phone, Paytm and Google Pay,…
Visa was established in 1958; Mastercard in 1966 and American Express in 1850. Ever since the concept of debit and credit cards came into existence in India (somewhere between 1986-87), these three cashless payment processing companies had…
Digital payment platform UPI, which has been conceptualized and created in India is right now unstoppable. National Payments Corporation of India or NPCI, the creator of UPI has shared numbers for the month of October, the growth rate is…
While Paytm, India’s biggest mobile app has claimed 100 crore monthly sessions, and mind boggling 290 billion transactions a month, UPI too has claimed a big victory with 30 crore monthly transactions.
After reckoning the Indian smartphone market, Xiaomi is now all set to enter different segments of the Indian market. Last year the company gave out a brief on its upcoming plans in India, and Xiaomi Payments Bank is a part of it.
Paytm Mall has informed us that they are aiming for Rs 70,000 crore business by March, 2019. And, they have claimed to process Rs 24,500 crore worth of annualized gross sales by the end of June, 2018.
RBI governor Urjit Patel, State Bank of India (SBI) chairman Rajnish Kumar and Nandan Nilekani, the non-executive chairman of Infosys were present during the launch.
GST Council has finally approved the long-pending demand for incentives on cashless payments of GST, for the customers. However, at the same time, Govt has withdrawn 66% discount on cashless payments for buying petrol and diesel.