Working on increasing BHIM market share in UPI: FinMin
On foreign players are dominating indigenous innovations like UPI, govt says UPI provides open, level-playing architecture
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Google Pay users can now make UPI payments via RuPay credit cards
So far, Google Pay only supported debit cards; customers can link RuPay credit cards on UPI via BHIM, Mobikwik, PhonePe, and Paytm apps as well
UPI now 85% of digital transactions
UPI transactions have nearly doubled — in volume and value — since last year. PhonePe, Google Pay and Paytm are the three most used apps for financial transactions.
July UPI transaction value hits all-time high at ₹10.6 lakh cr
PM Modi terms it an "outstanding accomplishment"; says it indicates the collective resolve of Indians to embrace new tech and make the economy cleaner
Mobile, digital wallets hold 66% of India’s e-comm market
In terms of alternative payment solutions, Google Pay has overtaken Amazon Pay to become the most preferred online payment solution in India, while Paytm ranked third
How UPI is making India’s digital economy boom
The instant real-time payment system reports a threefold jump in volume and value over the last fiscal as customers opt for its convenience amid the pandemic.
Paytm’s big play
Paytm is rallying Indian developers for its mini app store in a bid to challenge Google’s dominance in the market. It also fits squarely into its plans of being a super app. Will it succeed?
Battle of the giants in India’s e-payments space
Facebook’s WhatsApp Pay is the latest player to enter India’s payments space, which already has Alphabet’s Google Pay, Walmart’s PhonePe, Amazon Pay, and Alibaba-backed Paytm.
