Page 38 - 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

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