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India Delays UPI Payments Market Share Cap in Relief for PhonePe, Google Pay
India has pushed back the implementation of market share caps for UPI apps like Google Pay and PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30 percent share of the volume of transactions processed via India's popular unified payments interface (UPI).
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Xiaomi Said to Replace GetApps With PhonePe's Indus Appstore in India
Xiaomi will likely soon discontinue its GetApps app store for Indian users. Although the company has yet to officially announce the store's discontinuation, information regarding the same has surfaced online. The Chinese smartphone maker is said to replace the app store with Indus Appstore, an Android-based mobile app marketplace by PhonePe.
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UPI Circle Launched: What Is It, How Does It Work And Other Details
The National Payments Corporation of India (NPCI) has launched a new feature called "UPI Circle", aimed at enhancing digital payment accessibility.
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Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
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PhonePe CEO Apologises Amid Boycott Campaign Over Remark On Karnataka Job Quota Bill
The Karnataka job quota bill, now on hold, mandated reserving 50 per cent of management-level jobs and 70 per cent of non-management-level jobs for locals.
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"My Kids Don't Deserve Jobs?": PhonePe Founder On Karnataka Quota Bill
The bill mandated reserving 50 per cent of management-level jobs and 70 per cent of non-management-level jobs for locals.
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CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
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Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business.
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RBI Data Shows CBDC Wholesale Circulation Dropped, Retail Usage Sees Massive Jump: Report
RBI's CBDC saw eRupee usage worth Rs. 234 crore until March, according to a report. Around the same month last year, the eRupee worth Rs. 6 crore was used. In the wholesale sector, CBDC worth Rs. 8 lakhs have been used as of March 2024, which is lower than last year’s expenditure of Rs. 10.6 crore.
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BharatPe, PhonePe Settle Long-Drawn Trademark Dispute Over "Pe" Suffix
The BharatPe Group and PhonePe Group today announced they have amicably settled all long-standing legal disputes over using the trademark with the suffix "Pe".
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PhonePe Partners With LankaPay, Launches UPI In Sri Lanka
PhonePe on Wednesday announced a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka.
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Government to Delay Digital Payments Market Share Cap, Helping Walmart-Backed PhonePe, Google Pay
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
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India To Delay UPI Payments Market Cap, Will Help PhonePe, Google Pay: Report
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
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Lok Sabha Election 2024 Phase 3 Voting: Priyank Kharge's Huge "Voters Bribed On PhonePe" Charge
Karnataka's Congress minister Priyank Kharge has alleged that the BJP is bribing voters digitally --"taking digital payments to the next level" -- and declared that they would file a complaint with the Election Commission with all evidence.
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RBI Proposes Support for CBDC Distribution via Non-Bank Payment Operators
The RBI has decided to expand ways to distribute the CBDC within the retail ecosystem. Until now, India's CBDC distribution was being tested by banks that are part of its trials but soon third-party payment operators like Google Pay and PhonePe will also be able to distribute the CBDC.
-
India Delays UPI Payments Market Share Cap in Relief for PhonePe, Google Pay
India has pushed back the implementation of market share caps for UPI apps like Google Pay and PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30 percent share of the volume of transactions processed via India's popular unified payments interface (UPI).
-
Xiaomi Said to Replace GetApps With PhonePe's Indus Appstore in India
Xiaomi will likely soon discontinue its GetApps app store for Indian users. Although the company has yet to officially announce the store's discontinuation, information regarding the same has surfaced online. The Chinese smartphone maker is said to replace the app store with Indus Appstore, an Android-based mobile app marketplace by PhonePe.
-
UPI Circle Launched: What Is It, How Does It Work And Other Details
The National Payments Corporation of India (NPCI) has launched a new feature called "UPI Circle", aimed at enhancing digital payment accessibility.
-
Google Pay, PhonePe Other Payment Firms Seek to Join RBI's CBDC Pilot, Said to Offer eRupee Transactions
The RBI has started onboarding UPI platforms like Google Pay and PhonePe to the advanced trials of the eRupee CBDC. Payment firms are working closely with the RBI and National Payments Corporation of India (NPCI), the domestic payments authority, and are expected to roll out access to e-rupee over the next three-to-four months
-
PhonePe CEO Apologises Amid Boycott Campaign Over Remark On Karnataka Job Quota Bill
The Karnataka job quota bill, now on hold, mandated reserving 50 per cent of management-level jobs and 70 per cent of non-management-level jobs for locals.
-
"My Kids Don't Deserve Jobs?": PhonePe Founder On Karnataka Quota Bill
The bill mandated reserving 50 per cent of management-level jobs and 70 per cent of non-management-level jobs for locals.
-
CRED, PhonePe Can't Be Used For Credit Card Payments? Decoding Latest Rule Change
RBI's new guidelines from July 1 require all credit card bill payments via third-party apps to use BBPS, affecting users of major banks like HDFC and ICICI.
-
Flipkart, PhonePe IPO May Take Couple of Years, Says Walmart Executive
Initial public offerings of Walmart's Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business.
-
RBI Data Shows CBDC Wholesale Circulation Dropped, Retail Usage Sees Massive Jump: Report
RBI's CBDC saw eRupee usage worth Rs. 234 crore until March, according to a report. Around the same month last year, the eRupee worth Rs. 6 crore was used. In the wholesale sector, CBDC worth Rs. 8 lakhs have been used as of March 2024, which is lower than last year’s expenditure of Rs. 10.6 crore.
-
BharatPe, PhonePe Settle Long-Drawn Trademark Dispute Over "Pe" Suffix
The BharatPe Group and PhonePe Group today announced they have amicably settled all long-standing legal disputes over using the trademark with the suffix "Pe".
-
PhonePe Partners With LankaPay, Launches UPI In Sri Lanka
PhonePe on Wednesday announced a partnership with LankaPay to allow its users to pay using UPI across Sri Lanka.
-
Government to Delay Digital Payments Market Share Cap, Helping Walmart-Backed PhonePe, Google Pay
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
-
India To Delay UPI Payments Market Cap, Will Help PhonePe, Google Pay: Report
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
-
Lok Sabha Election 2024 Phase 3 Voting: Priyank Kharge's Huge "Voters Bribed On PhonePe" Charge
Karnataka's Congress minister Priyank Kharge has alleged that the BJP is bribing voters digitally --"taking digital payments to the next level" -- and declared that they would file a complaint with the Election Commission with all evidence.
-
RBI Proposes Support for CBDC Distribution via Non-Bank Payment Operators
The RBI has decided to expand ways to distribute the CBDC within the retail ecosystem. Until now, India's CBDC distribution was being tested by banks that are part of its trials but soon third-party payment operators like Google Pay and PhonePe will also be able to distribute the CBDC.
