Page 35 - Upi

Top Headlines: India's tough talk at WTO, IPL media rights auction & more

Piyush Goyal in his remarks at the WTO ministerial meet talked about the spiralling food inflation and the need for the agreement on food stockholding

How credit card route to UPI may come at a price for merchants

Smaller merchants can be subsidised to make it work

Credit card linkage to UPI: Uncertainty over pricing leaves players in dark

There is no clarity on whether linking to UPI facility will be extended to credit cards of other card networks, such as Visa, Mastercard, American Express, etc

Over 4.5-million IPO mandates created via UPI in May, shows data

In May, 4.5 million IPO mandates were created through UPI and a record 2.4 million mandates got executed, data shows

RBI allows credit cards to be linked to UPI; marks shift from 'pay now'

Initially, home-grown card network Rupay Credit cards will be linked with UPI

Digital payments in India projected to reach $10 trn by 2026: Report

Smaller cities have recorded high acceptance of such transactions as cash use declines in country.

UPI processed nearly 6 billion transactions worth Rs 10 trillion in May

NPCI sets its eyes on processing a billion UPI transactions a day on its platform within the next 3-5 years

Cyber safety

Increasing attacks on Indian networks are worrying

Walmart-owned PhonePe launches UPI SIP for investing in 24K gold

Setting up a gold SIP on PhonePe is a one-time, hassle-free process and all subsequent investments are completely automated

How ONDC is set to democratise and transform India's e-commerce landscape

While the pilot is being conducted in five cities - Delhi, Bengaluru, Coimbatore, Bhopal and Shillong - ONDC is on course for a pan-India launch by August that will see it introduced across 100 cities

Why Digital Rupee is a distraction and India ought to go slow on it

A digital currency is more of a fashionable trend and trends are for social media influencers, not governments

What is RuPay - India's card payment network?

Chief operating officer of National Payments Corporation of India, Praveena Rai, had said the aim of RuPay was to serve the entire population. That's an ambitious goal. Let's understand what RuPay is.

India should take caution in introducing CBDC, says NCAER report

The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.

E-retail revolution

ONDC could transform e-commerce in India

Can open networks for digital commerce take on Amazon & Walmart?

The govt-backed open network for digital commerce (ONDC) was launched last week in select cities. Will it emerge as a challenger to the ecommerce giants? Will it benefit small sellers and the public?

UPI hits record high in April with 5.58 bn transactions worth Rs 9.83 trn

Value of transactions doubled on YoY basis

Decoded: How ONDC plans to level e-commerce playing field in India

The open network concept will not be restricted to the retail sector but will extend to mobility, food delivery, travel, among others

Northeast takes the lead on digitisation: PhonePe Pulse Q1 2022 Data

According to a report by the Ministry of Electronics & Information Technology, UPI has now become the most popular mode of payment

WhatsApp confirms giving cashback for making digital payments in India

The company is giving away Rs 11 cashback up to three times by sending money to three different contacts via unified payments interface (UPI) on WhatsApp

What is UPI123Pay?

Transactions through UPI are registering a rapid growth in India. And RBI's initiative to introduce it in feature phones is set to take it to another level. Watch our next report to know why