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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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NPCI Said to Be in Talks With RBI on Implementing 30 Percent UPI Volume Cap Deadline
NPCI is said to be in talks with the RBI to implement its proposed December 31 dealine to limit payment app providers' volume cap to 30 percent. The corporation in 2020 came up with a directive to cap the share of transactions a third-party application provider (TPAP) could process at 30 per cent of the volume of transactions handled on UPI, but ga...
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PhonePe Continues to Take on the Competition in UPI App Ecosystem With Over 46 Percent Share: NPCI
PhonePe has broadened the gap for platforms including Google Pay and Amazon Pay by expanding its market share to 46.04 percent in June, the data released by the National Payments Corporation of India (NPCI) has shown. WhatsApp Pay, on the other hand, has continued its marginal share of 0.02 percent.
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WhatsApp Pay Gets Green Signal in India in a Graded Manner, With 20 Million User Cap
The National Payments Corporation of India (NPCI) announced today that WhatsApp can go ahead with the rollout of WhatsApp Pay in India. The company will be allowed to rollout in a “graded manner” the NPCI said, and it will first be allowed to do so with a maximum of 20 million registered users in UPI.
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Visa, Mastercard Losing Out to RuPay and UPI in India: Jaitley
Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI) on the second anniversary of demonetisation.
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Move Over, Mastercard. Upstarts Gain in Hot India Payments Space
Global card companies like Visa Inc. and Mastercard Inc. are losing market share to upstarts in the world's most innovative payments market: India.
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Google Tez Launch: Flipkart's PhonePe Says Its Service Leads Among UPI Apps
PhonePe said its service accounted for 45 percent of all transactions on the UPI platform.
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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.
-
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.
-
NPCI Said to Be in Talks With RBI on Implementing 30 Percent UPI Volume Cap Deadline
NPCI is said to be in talks with the RBI to implement its proposed December 31 dealine to limit payment app providers' volume cap to 30 percent. The corporation in 2020 came up with a directive to cap the share of transactions a third-party application provider (TPAP) could process at 30 per cent of the volume of transactions handled on UPI, but ga...
-
PhonePe Continues to Take on the Competition in UPI App Ecosystem With Over 46 Percent Share: NPCI
PhonePe has broadened the gap for platforms including Google Pay and Amazon Pay by expanding its market share to 46.04 percent in June, the data released by the National Payments Corporation of India (NPCI) has shown. WhatsApp Pay, on the other hand, has continued its marginal share of 0.02 percent.
-
WhatsApp Pay Gets Green Signal in India in a Graded Manner, With 20 Million User Cap
The National Payments Corporation of India (NPCI) announced today that WhatsApp can go ahead with the rollout of WhatsApp Pay in India. The company will be allowed to rollout in a “graded manner” the NPCI said, and it will first be allowed to do so with a maximum of 20 million registered users in UPI.
-
Visa, Mastercard Losing Out to RuPay and UPI in India: Jaitley
Finance Minister Arun Jaitley spoke about the surging growth of RuPay and Unified Payment Interface (UPI) on the second anniversary of demonetisation.
-
Move Over, Mastercard. Upstarts Gain in Hot India Payments Space
Global card companies like Visa Inc. and Mastercard Inc. are losing market share to upstarts in the world's most innovative payments market: India.
-
Google Tez Launch: Flipkart's PhonePe Says Its Service Leads Among UPI Apps
PhonePe said its service accounted for 45 percent of all transactions on the UPI platform.
