Google Pay

Company also integrates Google Gemini into the app to help users analyse spending, track savings and understand financial concepts such as credit scores

In a joint representation, smaller payment apps urged NPCI to widen consultations, warning the proposed checkout framework could entrench the dominance of larger rivals

Razorpay has integrated Google Pay for cross-border transactions, allowing Indian exporters to offer wallet-based checkout and improve payment success in global e-commerce

Government-backed payments app processes 172 million UPI transactions in January, overtakes Cred and Amazon Pay on leaderboard

Paytm CEO Vijay Shekhar Sharma says company aims to reduce concentration risk in UPI through technology-led growth as its market share by volume and value rises

Google Pay has launched its co-branded credit card with Axis Bank on RuPay, enabling UPI linkage, and said it will add more issuers to widen reach across user segments

NPCI reduces UPI API turnaround times to 10 seconds; limits on balance checks, account listings, and autopay retries to be enforced across apps by end-July

The National Payments Corporation of India will remove IDs and users with inactive mobile numbers will be unable to use online payment applications like Google Pay, Paytm, PhonePe, etc

The newly introduced fee ranges from 0.5 per cent to 1 per cent of the transaction value, in addition to the applicable GST

The apex payments body recorded 16.73 billion transactions in December 2024. UPI registered over 172 billion transactions in 2024 alone

This is the first time in many months that a firm outside the top three has achieved this

This extension provides significant relief to market leaders PhonePe and Google Pay, which dominate UPI transactions in India

The mandate, which was to take effect from the end of 2024, will now kick in at the end of December 2026

Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds

Iran's government on Tuesday said it had lifted a ban on access to WhatsApp and Google Play after more than two years, the official IRNA news agency reported. The report said the country's Supreme Council of Cyber Space made the decision in a meeting led by reformist President Masoud Pezeshkian, who has vowed to remove restrictions on social media. Iran's telecommunication minister Sattar Heshemi in a post on X called the decision a first step in removing restrictions and said the path will continue" indicating the possibility of unblocking other services. Many people reached by The Associated Press across the capital, Tehran, and other cities said they had access to the services on computers but not yet on mobile phones. WhatsApp has been the third most popular messaging platform in Iran after Instagram and Telegram. The ban on WhatsApp and Google Play was put in place in 2022 during mass protests against the government over the death of a woman held by the country's morality po

Partnership will offer 'affordable interest rates and flexible usage options'

At 10th edition of Google for India, fintech major announced credit partnerships with two lenders: Aditya Birla Finance Limited for unsecured loans and Muthoot Finance for gold-backed secured credit

NPCI is considering increasing the allowable market share to to over 40% from the previously proposed 30% cap

UPI Circle is designed to assist individuals who may not have a bank account or find it inconvenient to manage digital payments

UPI Circle on Google Pay is a feature designed to help users make digital payments without needing to link their own bank account