UPI Hits Record 16.73 Billion Transactions in December – What’s Driving the Growth?
In a remarkable feat for India’s digital payments system, Unified Payments Interface (UPI) transactions soared to an all-time high in December 2024. The total number of UPI transactions reached a staggering 16.73 billion, marking an 8.08% increase from the previous month’s 15.48 billion transactions.
This…
Google has announced that its much-anticipated Google for India 2024 event will take place on October 3, 2024, at 11:30 AM IST. This marks the 10th edition of the event, which serves as a significant platform for the tech giant to showcase its latest innovations aimed at driving digital advancement in India. The announcement was made via Google India’s official X (formerly Twitter) account…
At the recently concluded Global Fintech Fest (GFF) 2024, Google Pay made significant strides in enhancing digital payments with the introduction of several new features and partnerships. The three-day event showcased Google’s commitment to transforming the way Indians manage their finances and make payments, with a focus on convenience, security, and inclusivity.
Key Announcements from Google…
Indiagold, a gold-centric lending startup, has scooped up $12 million in its Series A round led by Prosus-owned PayU and Alpha Wave Incubation. Better Tomorrow Ventures, 3one4 Capital, Rainmatter Capital and Leo Capital additionally participated in the round.
The organization, which operates in NCR, will expand its offerings to around 10 cities before the end of the monetary year.
While the…
Subsequent to posting around fourteen days prior, food-tech goliath Zomato is presently entering fintech with a computerized installments substance called Zomato Payments.
In an administrative documenting on August 4, the Deepinder Goyal-drove organization declared the joining of Zompany Payments Private Limited (ZPPL) as its entirely possessed auxiliary. Zomato said ZPPL would give installment…
Google Pay clients in India and Singapore would now be able to get cash from clients in the USA. With this, the pursuit monster has extended its Google Pay highlights to now incorporate settlement benefits an industry which sees $700 billion worth installments yearly.
For this, Google has collaborated with Western Union and Wise previously known as TransferWise.Thanks to this, Google Pay clients…
Google Pay in India may before long help contactless UPI installments utilizing NFC (Near Field Communication), uncovers a help page identified with Google Pay for India (first spotted by Android Police). With the new alternative, clients will simply need to tap their telephones on the Point of Service (POS) terminal to make the installment. Assume you need to make an installment at a general…
Walmart-sponsored PhonePe has, indeed, arose the top Unified Payment Interface (UPI) application in January, with 968.72 million exchanges worth Rs 1.91 trillion, representing 42 percent of the UPI market alone, the information put out by National Payments Corporation of India (NPCI) shows.
In January, on a month-on-month (MoM) premise, PhonePe saw its exchanges go up by somewhat more than 7…
Union Bank of India and State Bank of India or SBI are among the top remitter banks to confront a flood in disappointment in exchanges for UPI in December, information from the National Payments Corporation of India (NPCI) shows.
As indicated by the information, the Union Bank of India recorded the most elevated pace of specialized decay at 10.75% in December followed by SBI with 8.96%. This is…
