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
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WhatsApp ties up with RazorpayX to boost ‘cashback’ transactions via UPI
WhatsApp has launched an aggressive ‘cashback strategy’ to emerge as a serious challenger against the likes of PhonePe and Google Pay, which hold a market share of 47% and 34% share, respectively.
“We chose not to play the cashback game”
“Cashback is great to turbocharge early. We played it for a year, but structurally it did nothing for us. We found that if people want to pay a bill and if they liked the experience, they will come.”
Entrepreneurial explosion
India last experienced such a burst during defining moments such as Independence or the reforms of the 90s. With enormously influential firms, they are truly the Tatas and the Bajajs of the 2000s.
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.
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.
YES Bank moratorium disrupts services at PhonePe
Udaan has temporarily paused settlements to YES Bank accounts; Razorpay, which also partners with YES Bank, said its payment gateway services are unaffected.
PhonePe banks on trust
Walmart-backed digital payments platform PhonePe aims to turn profitable soon by leveraging its network of retail customers and merchants to offer a range of products and services.
WhatsApp to unravel payments hype
Paytm got its $10 billion valuation peddling payments as a business, while WhatsApp’s payments feature will be anything but a business. They surely make for good rivals.
Shaadi.com founder’s moves, and some consolidation
Bengaluru saw three start-ups raising undisclosed amounts, while the fourth one raised $21 million.
