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New Delhi15 minutes ago copy link Yesterday’s big news was related to GDP. GDP stood at 7.8% in the first quarter of this year i.e. April-June. RBI’s estimate was 7%. It had grown at the rate of 6.9% in the same quarter a year ago. At the same time, fintech company PhonePe has started a…
PhonePe (Market Share: 46.20%): Holding nearly half of the total market share, PhonePe is India’s leading UPI app. Beyond its lightning-fast peer-to-peer transfers and merchant QR payments, it offers a robust financial ecosystem featuring utility bill payments, insurance purchases, mutual funds, and digital gold. (File Photo) Google Pay (Market Share: 32.70%): Securing the second-largest market…
New Delhi28 minutes ago copy link Digital payment platform PhonePe is preparing to charge maintenance fees from its users for inactive wallets. According to the company’s new rules, if a user’s PhonePe wallet is not used continuously for 365 days (1 year), then it will be considered ‘dormant’ or inactive. A charge of ₹100 will…
New Delhi11 minutes ago Copy link According to the down detector, 2,147 complaints related to UPI were filed after 8 pm. On Thursday 7 August, the Unified Payments was down due to the Unified Payments Interface i.e. UPI service technical issue across the country. Due to this outage, users faced difficulties in paying with digital…
New Delhi: NPCI International Payments Limited (NIPL) the international arm of National Payments Corporation of India (NPCI) on Wednesday announced that it has further enhanced the UPI-PayNow real-time payment linkage by adding 13 more banks on the platform. The move is aimed at extending its reach and simplifying cross-border remittances between India and Singapore. With…
New Delhi: PhonePe and HDFC Bank announced the launch of co-branded credit card, marking the digital payments and financial services company’s foray into the co-branded card segment. The PhonePe HDFC bank co-branded RuPay credit card is designed to meet the evolving financial needs of Indian consumers. It also offers benefits on UPI spending especially on…
New Delhi8 minutes ago Copy link American retail legendary company Walmart’s digital payment company Phonpe can file draft papers (Draft Red Herring Prospectus) near SEBI in August for its IPO (Initial Public Offer). According to Bloomberg reports, PhonePe is planning to raise $ 1.5 billion $ 13,014 crore through its IPO. This IPO is expected…
New Delhi: Unified Payments Interface (UPI) has made digital transactions in India quicker and more convenient than ever. Now, starting June 16, sending and receiving money will become even faster. Along with this upgrade, several other key features—like balance checks and auto-payment mandates—are set to undergo changes which will roll out after July. The National…
No news Business UPI Down, Outage Disrupts Nationwide Payments On Google Pay, Paytm And Others New Delhi35 minutes ago Copy link On Monday (May 12) across the country, the Unified Payments Interface, the UPI service, went down due to the technical issue. Due to this outage, users are facing difficulties in payment from digital payment platforms…
UPI Down: Hundreds of users across India are facing difficulty to make payments via Paytm, Google Pay (GPay), and PhonePe. Many have reported failed transactions, delays, and error messages while trying to complete payments. The issue seems to be affecting users in multiple regions. The issue gained widespread attention, with around 850 users reporting problems…