Upi Apps News
Google Pay in talks with asset management companies to offer mutual funds on the app
The company is exploring whether to offer regular funds with a mutual fund distribution licence, like rival PhonePe does, or direct funds with an execution-only platform licence from Sebi.
2 min read10 Oct 2024UPI transaction volume declined to ₹19.64 lakh crore in April. Check Details
In terms of number of transactions, the figure declined to 13.30 billion in April from 13.44 billion in the preceding month
1 min read2 May 2024UPI share to be capped at 30 percent: NPCI to review its decision by year-end, says report
’The 30 percent cap was announced in November 2022 in an apparent bid to end the duopoly of PhonePe and Google Pay, which have collectively 86 per cent of the UPI market share in terms of transaction volumes. These two hold 48.3 per cent and 37.6 per cent share, respectively.
2 min read20 Apr 2024Paytm’s share in UPI market declines to 9% in March, lowest in last 4 years: NPCI data
In February, Paytm saw its UPI market share decline to 11%, down from 11.8% in January, prior to the onset of the payments bank crisis.
2 min read9 Apr 2024Cardless cash deposits via UPI apps: Everything you may want to know
After enabling cardless withdrawals at ATMs late last year, the Reserve Bank of India has now enabled cash deposits into cash deposit machines via third-party UPI apps.
2 min read5 Apr 2024UPI fraud: How to empower users for secure transactions?
Sophisticated tactics employed by hackers to exploit UPI vulnerabilities have resulted in a surge of fraud cases in India, including phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning.
1 min read2 Feb 2024Cracking the code: How to master UPI fraud management? MintGenie explains
Hackers are using sophisticated tactics to exploit vulnerabilities in the UPI ecosystem, leading to an increase in UPI frauds in India. Phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning are common fraud methods.
3 min read2 Feb 2024Forex cards on their way out? Google Pay ties up with NPCI for expansion of UPI across the globe
It is believed that this partnership will help accelerate UPI’s global acceptance, providing foreign merchants access to Indian customers who do not need to rely on foreign currency or forex cards for making digital payments.
2 min read18 Jan 2024Major UPI apps enabled to receive direct remittances from Singapore; details here
The users of BHIM, PhonePe, and Paytm apps can receive remittance from Singapore via UPI. Additionally, some banks have also rolled out this functionality through their apps which include Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and SBI.
1 min read11 Jan 2024Now, easily contribute to NPS using UPI-enabled QR code. Details here
Contributions to the National Pension System (NPS) can be made through a QR code based on D-remit, allowing subscribers to use any UPI-enabled app to contribute.
1 min read21 Dec 2023Popular 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