NPCI
India scrambles to curb PhonePe and Google’s dominance in mobile payments
The NPCI plans to meet various fintech startups this month to develop a strategy to address the market dominance of PhonePe and Google Pay in the UPI ecosystem.
Featured Article
Mastercard CFO says India’s UPI ‘incredibly painful experience’ for ecosystem participants
India’s UPI is “fantastic at many levels” but remains an “incredibly painful experience” for ecosystem participants, Mastercard’s CFO said at a recent conference, underscoring tensions around the mobile payments rail that facilitates over 10 billion transactions monthly in the nation with low card penetration. When questioned about Mastercard’s prospects in emerging markets such as India,…
India to spend $320 million to promote homegrown payments network
India will spend nearly $320 million to promote cards on RuPay and for low-value UPI transactions, the latest in a series of moves by New Delhi to fuel the growth…
WhatsApp permitted to extend payments service to 100 million users in India
The National Payments Corporation of India, the payments body that oversees the widely popular UPI instrument, has given approval to WhatsApp to extend its payments service to 100 million users…
