Phonepe News
UPI to enter North America, other Middle-Eastern countries soon | Mint Primer | Mint
NPCI’s UPI (Unified Payments Interface) is set to revolutionize global digital payments with its expansion into international markets. After successful launches in Singapore and France, UPI plans to enter North America and Middle-Eastern countries. The focus will be on countries significant to Indians traveling abroad or with large Indian diaspora. NPCI International Payments Ltd (NIPL), a subsidiary of NPCI, is spearheading the global partnerships to deploy UPI and RuPay outside of India, enabling cross-border transactions and merchant payments. With growing global acceptance, UPI is poised to accelerate the growth of digital transactions worldwide.
31 Jul 2023India looks to take UPI to Saudi, Bahrain, other Gulf countries | Mint Primer | Mint
Discover how India aims to export its groundbreaking Unified Payments Interface (UPI) system to Gulf countries, including Bahrain and Saudi Arabia. With millions of Indians residing and working in the region, the National Payments Corporation of India (NPCI) is in talks to establish cross-border remittance systems using UPI. India’s successful collaborations with countries like Singapore and Bhutan, and the advanced stage of discussions with the United Arab Emirates, highlight the potential for UPI to revolutionize digital payments globally. Join us as we explore India’s latest financial endeavor and its impact on the Gulf.
27 Jun 2023PhonePe raises $100 million in additional funding at a $12 billion valuation
One of India’s leading fintech platforms, PhonePe, said today that it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds at a $12 billion pre-money valuation.
2 min read14 Feb 2023PhonePe raises $350 million at $12 billion valuation
PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic
1 min read19 Jan 2023UPI apps may soon impose a transaction limit: What it means?
UPI platforms such as PhonePe and Google Pay are currently dominating the market with approx 80 percent share. In order to avoid the monopoly of any UPI app, NPCI has sent a proposal of a 30 percent volume cap in November 2022, which the organisation wants the RBI to approve.
1 min read23 Nov 2022NPCI in talks with RBI on volume cap deadline to 30%
Back in November 2022, the NPCI had proposed a 30 per cent volume cap for third-party app providers (TPAP) to avoid concentration risk
1 min read20 Nov 2022How to activate PhonePe using your Aadhaar card: A step by step guide
Earlier, in the UPI onboarding flow, it was mandatory to provide a debit card to set up a user’s UPI PIN for the registration process. This restricted access to people who did not have their debit car ready with them. Now, the Aadhaar based e-KYC flow has simplified the onboarding process of registration.
1 min read13 Nov 2022Use PhonePe, GPay, Paytm in Hindi, Marathi, and more: Here’s how to do it
Here is step by step mini-guide on how to change language settings on PhonePe, GPay, Paytm from English to native languages.
1 min read12 Nov 2022Flipkart to spin off PhonePe, digital payments business valued at $5.5 billion
The funds will be raised at a post-money valuation of $5.5 billion from existing Flipkart investors led by Walmart
1 min read3 Dec 2020More innovations needed to change merchant behaviour
SMEs need handholding by fintech ecosystem to help them revive businesses, say experts
2 min read11 Sep 2020Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared