The use of Unified Payment Interface (UPI) service has increased rapidly in the last few years in the country. It is expanding abroad also. In this series, UPI service will be launched in Sri Lanka and Mauritius on Monday. Along with this, RuPay card service will also be introduced in Mauritius. On the occasion of…
Ola, which provides cab services through the app, has decided to stop its services in Australia, Britain and New Zealand. Ola promoter ANI Technologies said that it will continue to focus on India business. This company, invested by Japan’s Softbank, is seeing a lot of opportunities for expansion in the country. Ola Mobility spokesperson said,…
During the last financial year in the country, frauds related to online payments increased by more than 400 percent to Rs 14.57 billion. Digital payments have grown rapidly with the introduction of Unified Payments Interface (UPI). With this, users can easily transfer payments from their smartphones. Data from the Reserve Bank of India (RBI) has…
The scope of online payments has increased rapidly in the last few years. Unified Payments Interface (UPI) transactions have created a record in May. Last month, there were 14.04 billion UPI transactions whose value was approximately $20.45 trillion. This is an increase of six percent in terms of volume and four percent in value as…
Payment services company Paytm, which has been facing difficulties for the last few months, has seen its share in Unified Payments Interface (UPI) transactions decline for the fourth consecutive month. Paytm’s share in total UPI transactions declined to 8.1 percent in May. In January, the Reserve Bank of India (RBI) had ordered the closure of…
Digital payment service Unified Payments Interface (UPI) is being expanded rapidly abroad. This QR based service has been launched in the United Arab Emirates (UAE). For this, NPCI International Payments Limited (NIPL) has tied up with Network International. Through Network International’s more than two lakh point-of-sale (POS) terminals in the UAE UPI Payments can be…
The scope of Unified Payments Interface (UPI) has grown rapidly in the country in the last few years. It is also being expanded abroad. The National Payments Corporation of India (NPCI) has launched the UPI One World Wallet service for non-resident Indians (NRIs) and international travelers visiting the country. This will allow travelers who do…