Page 35 - Upi

Paytm Payments Bank leads UPI beneficiary chart with 926 mn transactions

Paytm Payments Bank has emerged as the biggest receiver of UPI amount with 926.17 million transactions while public sector bank SBI topped the chart of being the biggest remitter in December

1 bn transactions a day on UPI quite possible in 3-5 years' time: NPCI CEO

"If we don't do anything, we will achieve this target in the next ten years. But we should aim to do it in the next 3 - 5 years' time," Asbe said

UPI faced downtime for several hours on Sunday due to technical glitch

Sources said, UPI was operational after 5 PM on Sunday. There were multiple level hardware failures which is why UPI faced downtime

IPO mandates via UPI decline marginally in December, shows data

In December, as many as 12 companies came out with their IPO and mopped up Rs 16,783.75 crore

Jio users can set standing instructions for tariff plans via UPI Autopay

Jio users can now set standing instructions for auto-debit for their tariff plans through UPI after a tie-up between the telecom player and NPCI

IndusInd Bank, NPCI join hands to offer cross-border payments through UPI

IndusInd Bank has signed an agreement with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances through UPI

Average value of UPI, RuPay transactions below Rs 2000, marking stagnancy

Digital transactions have increased many times, but their average ticket size is not growing for the domestic payments card.

Welcome financial inclusion

UPI upgrade can bring mobility to household savings

Reserve Bank may rationalise some payment charges, says industry

Others say central bank may relook zero merchant discount rate on RuPay, UPI

UPI limit hike signals change in IPO allotment, to boost HNI participation

In November, more than 7.6 million UPI mandates were created for IPO applications

RBI to soon float paper on reasonableness of charges on digital payments

UPI is the single largest retail payment system in the country in terms of volume of transactions

IPO mandates via UPI jump in November amid record fund mobilisation

A record Rs 36,000 crore was raised through IPOs in November-more than double the previous record made in November 2017

Neo-socialism: State's expanding tech biz

In a country where many state initiatives have been marred by glitches, delays, and corruption, RuPay and the UPI are revolutionary achievements

MeitY concludes Digital Payment Utsav with a challenge to bankers

Minister Ashwini Vaishnaw urges them to create a platform as powerful and seamless as UPI, think of more ways of providing quick and easy credit to MSMEs and people at the bottom of the pyramid

MSwipe targeting 100,000 merchants for prepaid card, PoS terminals

CEO Ketan Patel says efforts on to encourage merchants to adopt PoS machines despite zero MDR benefit of UPI payments

UPI breaks 5-month growth streak; transactions decline 0.71% in November

In November, UPI recorded 4.18 billion transactions worth Rs 7.68 trillion

Paytm expects revenue, monetisation methods to expand in next few qtrs: CEO

Digital payments, financial services firm Paytm is expecting to increase revenue and monetisation methods on its platform in the next few quarters.

Monetisation, vendor base expansion key themes of first Paytm earnings call

Revenue from operations up 64% YoY to Rs 1,090 crore in Q2FY22, driven by 52% growth in non-UPI payment volumes and over 3x in financial services and other revenue; net loss widens 11% to Rs 432 cr

UPI mandate creation for IPOs drops 62% in October with fewer public offers

The 1.14 million mandates created in October were the lowest on the platform since NPCI started making the data public

TMS, Ep 42: Haryana's job quota, RBI-RD cheme, Ather CEO Q&A, and e-RUPI

Will Haryana's new job quota rule hurt MSMEs? Can RBI-RD scheme spur retail interest in bonds? How does Ather Energy CEO Tarun Mehta plan to take on competition in the EV space? Answers here