UPI
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 and Singapore link UPI and PayNow in cross-border payments push
India and Singapore have linked their digital payments systems, UPI and PayNow, to enable instant and low-cost fund transfers in a major push to disrupt the cross-border flow of money…
Indians traveling to many foreign markets, including the UAE and Singapore, may soon be able to use the popular UPI payments to make purchases when they land there. Bengaluru-headquartered fintech…
PhonePe’s valuation has more than doubled to over $12 billion in a new funding round as the Indian fintech giant readies for life without parent firm Flipkart. The Bengaluru-headquartered startup…
Google is piloting its own ‘soundbox’ in India for merchants to get audio-based payment alerts
Soundboxes — hardware used by merchants that emits sounds every time a mobile payment is made — have taken off in India, where point of sale activity can get busy…
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…
Unified Payments Interface — commonly known as UPI — has become the most popular mobile payment route for P2P and merchant payments in India, and now Google’s stepping up with…
India’s central bank proposed on Wednesday an integration between UPI and credit cards in a significant boost for a fast-growing payments protocol that has become the most popular way individuals…
Fintech Slice joins UPI race to challenge PhonePe and Google Pay
Slice is adding the popular railroad UPI on its eponymous app as the Indian fintech looks to broaden its offerings and pushes to become a one-stop payments app for consumers…
Crypto giant Coinbase has suspended support for UPI payments instrument on its app in India, making its eponymous exchange nonfunctional again for any purchase orders less than four days after…
Indian payments body refuses to acknowledge Coinbase’s India launch
The National Payments Corporation of India, the governing body that oversees UPI in the country, said in a statement that it is not aware of any cryptocurrency exchange using UPI…
India’s Slice gears up to take on PhonePe and Google Pay with UPI support
A new player is preparing to enter India’s crowded and yet duopoly-sided UPI payments market. Bengaluru-headquartered Slice, which became a unicorn late last year, plans to introduce UPI payments for…
Coinbase is beginning to add support for payment instruments UPI and IMPS in India, making its crypto exchange broadly functional in the world’s second largest internet market for the first…
