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…
PhonePe CEO Sameer Nigam issued a personal note following backlash over his comments on Karnataka‘s job reservation bill. The controversy erupted after Nigam criticised the bill on social media platform X, questioning whether his children deserved jobs in their home city given his company’s pan-India job creation.“If my comments hurt anyone’s sentiments, I am truly…
The Adani Group, led by billionaire Gautam Adani, is looking to diversify its empire by venturing into the fast-growing e-commerce and digital payments sectors in India, according to a report by the Financial Times (FT). The move comes as the conglomerate seeks to build a digital business to compete with rivals such as Tata, Google,…
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…
