Page 3 - Unified Payment Interface

The case for pricing UPI transactions and what's at stake for banks

Banks pay a switching fee running into hundreds of crores every year for UPI, but have to offer the service for free

Indian fintech to have $1 tn in AUM, $200 bn revenue by 2030: Report

Fintech-facilitated lending will grow by $476 billion to reach $514.6 billion in book size by 2030

What are on-device wallet for small UPI transactions?

Following the RBI's guidelines, India's payments processor has designed an on-device wallet for Unified Payments Interface transactions up to Rs 200. What is it? How can it make our life easier?

TMS Ep137: Rupee-ruble trade, Sri Lanka, FMCG stocks, payment gateway

How's the rupee-ruble trade mechanism shaping up? How is Sri Lanka's economic crisis affecting India? More pain ahead for FMCG stocks? What is a payment gateway? Find all answers here

What is a payment gateway?

Most merchants today use payment gateways to accept purchases from customers. Let us know more about this technology which is making our transactions safe and quick

RBI to have on-device wallets in UPI apps for small-ticket transactions

RBI proposed an "on-device" wallet in UPI apps aiming to conserve banking systems' resources without changing the transaction experience for the user.

UPI records 3.65 bn transactions worth Rs 6.54 trillion in September

On a month-on-month (MoM) basis, UPI's volume of transactions was up 3 per cent, and the value of transactions was up 2.35 per cent

Income-tax portal 2.0 likely to allow payments by UPI, credit cards

More pvt lenders set to be given authorisation for providing services

Airtel Safe Pay provides three-layer safety for a fraud-proof future

With Airtel Safe Pay transactions, money gets debited only after subscriber's nod

UPI transactions cross 1 billion in first 15 days of October: RBI data

The transactions were worth Rs 1.92 trillion and broke previous records

National Payments Corp to take UPI, Rupay global through new subsidiary

It wants to take its products UPI and RuPay Card global and assist other countries in establishing a 'real time payment system' or a 'domestic card scheme'

New umbrella entity for retail payments can be 'for-profit': RBI

The banking regulator is inviting applications form interested parties for forming the umbrella entity till February 26, 2021

Truecaller logs 140 mn monthly active users, bets big on India market

The Swedish company said it had become profitable over the past four months and also crossed 200 million monthly active users around the world

How recent snooping incident may affect the launch of WhatsApp Pay

An Israeli spyware was used to snoop of some 1,400 people globally, including 121 Indian citizens. Listen to the podcast to know how this incident might affect the launch of WhatsApp's payment service

PhonePe annual loss more than doubles to Rs 1,905 crore in 2018-19

According to previous RoC filings, the net loss in 2017-18 was Rs 791 crore, way higher than the Rs 129 crore in FY17.

UPI outpacing global card cos Visa, Mastercard in payment space in India

Transactions through India's homegrown Unified Payments Interface reached almost half the value of debit and credit cards swiped at stores last month, central bank data show

Towards a 'less cash' economy

The UPI could propel banking into a new era

Launch of Unified Payment Interface deferred

23 out of 29 banks are expected to be ready with the new payments platform, which was to be launched today

A real game changer

Unified Payment Interface is a radical step forward