UPI

UPI was the biggest disruption for the mobile wallet industry, and a lot of companies have started integrating UPI on their app. WhatsApp is testing UPI on its app, which will allow all the users to send money through the chat service…

Google Android Pay recently got expanded to five new countries, including Brazil and Russia. India has become an attractive destination for companies to launch digital wallets, and now Android Pay is coming to India this year.…

Traditional payment processing and payment card companies, Visa and Mastercard, are feeling threatened now, and the reason is the exponential rise of Govt. backed digital payment platforms: Aadhaar Pay and UPI, which combined with BHIM…

Unified Payment Interface or UPI, which was launched in April last year, is slowly but gradually becoming the most preferred platform for conducting a digital transaction. In fact, such is the momentum, that within a year of its…

India’s leading cab-hailing service, Ola, has now enabled support for making payment for rides via UPI (Unified Payment Interface). This move would benefit all Ola users across 102 cities who use it for booking rides across 5,00,000…

ICICI Bank has decided to jump into the agriculture sector with a new enthusiasm and outlook. They have just launched a new app, called ‘Mera iMobile’, targeted at rural customers, which is offering 135 agri-services, across 11 Indian…

When it comes to the security of financial data and privacy, it seems that India has hit a new low. While Govt. of India has admitted that close to 30 lakh debit cards were infected by malware, which threatened financial privacy and…

Paytm founder Vijay Shekhar Sharma personally announced the big news via blog post: Reserve Bank of India (RBI) has given its final approval for the launch of their much-awaited Payments Bank. The news is indeed important, as Sharma…

2 days before 2016 ends, Indian Govt. has given a solid parting shot for its cashless, digitalized economy. Bharat Interface for Money or BHIM app has been launched by the Govt. which simplifies the process of cashless transactions, and…

Paytm, a private company handles around 60-70 lakh transactions a day, while United Payment Interface (UPI), a path-breaking digital payment solution launched by Indian Govt. handles only 70,000 transactions a day. This is certainly…