UPI

WhatsApp Might Launch Its Digital Payments Feature As Early As Next Month

WhatsApp could start its a great deal-awaited payments element as early as up coming month as for each people today near to the enhancement. An ET report said that the messaging app is at different phases of integrating its Unified Payments Interface (UPI) dependent electronic  payments platform with SBI, ICICI Financial institution,  HDFC Financial institution,…

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Digital Transactions Jumped To 1.06 Bn In December: RBI

2017 ended on a higher be aware for the Indian digital payments sector, with digital transactions reaching a new peak of 1.06 Bn in December. As for each info introduced by the RBI, this interprets to a bounce of 6.05% from the 997.1 Mn transactions clocked in November. The improvement marks the to start with…

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India Ahead Of UK, China In Digital Payments

With an index score of five, India has the most evolved electronic payments method between the 25 countries in the environment. This contains the Uk, Japan, China, Sweden and Switzerland, according to a new report. The indexing report has been organized by FIS Global based on the parameters these kinds of as round-the-clock availability, adoption,…

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To Push Digital Payments, Government To Bear MDR Charges On Debit Card Purchases Upto INR 2000

In order to really encourage small stores to acknowledge digital payments, the govt has made the decision to bear the charges retailers fork out to banking institutions aka the merchant price cut charge (MDR), on buys of up to $31(INR 2,000) using a debit card, BHIM or Aadhaar. Asserting the final decision taken at the…

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After Paytm, PhonePe Partners With SafeGold To Sell Digital Gold

Flipkart-owned electronic payments system PhonePe has solid a partnership with SafeGold to start a electronic gold merchandise. As for every the official statement, consumers will now be in a position to invest in and market certified 24-karat gold by means of the PhonePe app. The enhancement comes approximately eight months following rival Paytm unveiled a…

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8 Important Indian Startup News Of The Week [4-9 December]

We deliver you the weekly dose of essential Indian startup information of the week. One of the most interesting Indian startup information of the week was, PhonePe reporting, that it has processed above 1 Mn day-to-day transactions value above $15.4 Mn (INR 100 Cr) each working day in November. Also, the application has obtained a…

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UPI Transactions Jump By 38% To 105 Mn In November: NPCI

Following clocking 76.8 Mn transactions in Oct, the Unified Payments Interface (UPI) hit a file large of 105 Mn transactions final thirty day period. According to knowledge introduced by NPCI (Countrywide Payments Corporation of India), the in close proximity to 38% leap has mainly been due to the elevated adoption of UPI centered electronic payments…

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Digital Transactions Reach All Time High Of 956 Mn In October: RBI

A ton has been occurring in the Indian digital payments house. With the entry of massive gamers like Google, Amazon and now PayPal and the government’s generate toward cashless economic system, digital transactions in the nation attained an all-time superior of 965 Mn past thirty day period, as for each RBI information. This is the…

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