Introduction of platform fees for bill payments by Google Pay indicates a wider movement towards monetising UPI transactions. Google Pay, a prominent UPI (Unified Payments Interface) platform, has begun implementing a convenience fee for utility bill payments, including electricity and cooking gas bills. Previously free for low-value transactions, the service now charges between 0.5% and…
The National Payments Corporation of India (NPCI) has lifted the user cap on WhatsApp Pay, allowing the popular messaging platform to onboard its entire user base of over 500 million onto the Unified Payments Interface (UPI).In a release issued on the decision, the retail payments and settlement systems operator’s said that the 100-million-users cap on…
Two new changes have come to UPI starting November 1. The National Payments Corporation of India (NPCI) has introduced an auto top-up feature and increased transaction limits for UPI Lite, effective November 1, 2024, to streamline small-value digital payments. New transaction limit and more Under the new guidelines, users can now make transactions up to…
Google Wallet is finally available in India. Google launched the digital wallet app Google Wallet in the US in 2022. After two years, the app has finally made its way to the Indian market. The app is available on Google Play Store for download. What is Google WalletGoogle Wallet is a secure and private digital…
The National Payments Corporation of India (NPCI), the government-owned body that governs the Unified Payments Interface (UPI), reportedly held a meeting to discuss ways to empower new players in the UPI ecosystem. According to a report in Economic Times, several new third-party payments apps on UPI are being nudged by NPCI to invest and incentivise…
