GPay

Sankalp Phartiyal / Bloomberg: NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google GPay rose almost 6% — - Paytm loses usage even before any disruption to its systems — Services of Walmart, Google capitalize on Paytm's troubles Sankalp Phartiyal / Bloomberg: NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google…

Now, you can use UPI (Unified Payments Interface) internationally as well, using BHIM and other third-party apps such as Google Pay, Paytm, and PhonePe. This grants you financial freedom to conduct transactions without the need to carry foreign currency or cards. Below is an easy step-by-step guide on how to activate UPI International and make payments online. So without further ado, let’s explore the process along with how UPI International works and how to use the feature.Note: For this feature to work, both your and…

India is facing a quandary in enforcing long-delayed rules to curb the dominance of PhonePe and Google Pay in the country’s booming digital UPI payments market. The National Payments Corporation of India (NPCI), a special unit of the central bank, wants to cap market share of any player at 30% in the Unified Payments Interface ecosystem. With Paytm, the third leading player on the UPI charts, fighting for its survival, the NPCI faces a unique challenge to get PhonePe and Google Pay to lower…

Unified Payments Interface (UPI) is one of the most common modes of payment and transactions in the country these days. Starting from small vendors to big showrooms, restaurants, and even online e-commerce platforms accept this payment method.That said, UPI usually allows users to make payments directly from their savings accounts. However, UPI apps like GPay, Paytm, etc also let users add their credit cards and use it to make UPI payments. Supported credit cards and banksCurrently, UPI payments via credit cards are only…

On July 4, the Parliamentary Standing Committee for Finance has scheduled a meeting to address the issues of cyber security and cyber threats. During this meeting,…

On Tuesday, Google Pay revealed its introduction of support for Aadhaar-based authentication for activating Unified Payments Interface (UPI). This means that users can now set up their UPI PIN on the popular…

Which UPI app do you use to make online payments? If you are a Google Pay user, here is an update for you. The app recently witnessed a glitch because of which some Google Pay users were credited extra money in their account. There were several cases reported saying that they got a couple extra dollars credited to their Google Pay accounts. According to a report by India Today, the amount of these transactions ranged from USD 10 to USD 1000 which will be approximately Rs. 80000.However, as the company realised the error,…

In its latest circular, the National Payments Corporation of India (NPCI) announced that it will start charging "Prepaid Payment Instruments (PPI)" fees on merchant transactions on Unified Payments Interface (UPI) starting April 1. The governing body said that the PPI fees would be levied…

Making online payments is not only easier but also lets people travel without keeping a lot of cash in their pocket. But there is a limit to the maximum amount of money you can send to someone. Google Pay (GPay) has informed about UPI issuing bank wise limits. From State Bank of India (SBI) to private banks like HDFC, ICICI, and more- there is a transaction limit for all.What is UPI?According to the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) is a system that powers multiple bank…

Google to challenge Paytm and PhonePe in UPI payments market with new Soundpod deviceGoogle is entering the race of UPI payments with the trial of its Soundbox in selected places in India. According to a report by TechCrunch, the company has named it Soundpod by Google Pay and is distributing it in North India, including New Delhi. The Soundpod is being given to Google Pay merchants without any additional cost and a time frame is set for giving the device to another merchant. UPI payments have seen a rapid…