Page 36 - Upi

UPI AutoPay sees 28.34% rise in recurring mandates, shows data

Records over 4 mn mandate registrations in October, as against 3 mn in September

What's behind Indians' credit card spending surge in recent months?

India's credit card spending is back with a bang. What is driving the surge? Does this indicate a quick economic recovery? What are the lessons we can draw from this trend? Let us take a look

UPI registers record 4.21 bn transactions worth Rs 7.71 trn in October

IMPS & FASTag also see record transactions in October

All UPI money transfers, offline, online payments on PhonePe are free

The company said that PhonePe does not charge for these transactions, and will not be doing so in the future also.

What are in-app purchases? Are free apps really free

Often, we see an app listed as free on App Store or Google Play has something called in-app purchases. What are these in-app purchases? Are they essential or incremental to UI? Here's an explainer

PhonePe starts charging processing fee on mobile recharges via UPI

The company is the first digital payments app to have started charging for UPI-based transaction which is being offered for free by its competitors

Mandate creation through UPI dips in sync with muted IPO show in September

Some 3.03 million mandates were created through UPI, down 48.3% over last month, according to NPCI data

PhonePe's revenue grew 85% to Rs 690 cr in FY21, losses drop by 44%

The 85% YoY revenue growth was due to a rise in transactions. PhonePe has a lion's share of the volumes on United Payment Interface and Bharat Bill Payment System

In Focus: Will your recurring payments fail from today?

The Reserve bank of India's latest rules on auto-debit transactions come into force from today. What will change for the consumers? Will their recurring payment mandates fail? Let's find out

Decoded: What is UPI and how does it work?

Launched in 2016, UPI is a revolutionary technology framework used for mobile payments in India. We are all familiar with Paytm, PhonePe and Google Pay. But how does UPI work? Let's find out

Who are the biggest beneficiaries of India's digitisation drive in Covid?

When the JAM trinity was announced in 2014, the idea was to link mobile phones with Aadhaar and bank accounts. After UPI and wallets, now we have BharatQR and e-Rupee. Who has gained most from these?

UPI IPO mandate creation dips in August despite best mop-up in 4 years

5.9 mn mandates were created compared to 7.7 mn in July

India and Singapore sign pact for instant flow of retail payments

RBI, MAS ink pact to link UPI and PayNow; may operationalise by July 2022

PhonePe received a million UPI autopay mandates in past three months

Launched last year, UPI Autopay allows users to set up recurring e-mandates for recurring payments such as mobile bills, power bills, EMIs, OTT subscriptions, insurance, MF among others

Why RBI is concerned about Equitas SFB's new scheme for Google Pay users

The RBI is weighing carefully if this could eventually lead to a backdoor entry of Big Tech in the Indian banking system

Account Aggregator system can democratise credit, bolster lending ecosystem

An AA enables a free and instant exchange of financial data between FIUs and FIPs with the consent of customers

At 3.5 billion transactions in August, UPI clocks 120% surge in volume

In value terms, UPI saw transactions worth Rs 6.39 trillion in August, which is again a record high

UPI forms 10% of overall retail payments in FY21, says Macquarie report

UPI saw its FY21 annual throughput value at Rs 41 trillion, almost 2.8x that of credit and debit card at Point of Sale combined, and almost 20x that of prepaid payment instruments.

Record 7.7 million IPO mandates created via UPI in July, shows data

The figure for July was almost 4 times higher than that of June, when 1.94 million mandate creation requests were made through UPI

Apple's payment methods for apps now include UPI, RuPay, net banking

According to Mashable, this move means that Apple users can now pay using domestic payment systems as well as international payment systems