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Digital Payment transactions decline in May from March-April levels


Transactions on Unified Payments Interface (UPI), the National Payments Corporation of India’s (NPCI) flagship payments platform, have dropped in May, marking the second consecutive month of decline in digital payment transactions, due to a slowdown in economic activities because of lockdowns in various parts of the country.
In May, UPI processed 2.53 billion transactions, down 4.16 per cent and 7.32 per cent from April and March, respectively. In value terms, UPI saw transactions worth Rs 4.9 trillion, down 0.66 per cent and 3 per cent from April and March, respectively.
In March, UPI had recorded 2.73 billion transactions amounting to Rs 5.04 trillion, the highest count ever since its inception in 2017. But, since then, both volume and value of transactions dipped, in sync with the rise in Covid infections in the country and the subsequent curbs imposed by the local administrations. ....

National Electronic Fund Transfer , Immediate Payment Service , National Payments Corporation Of India , Unified Payments Interface , National Payments Corporation , Payment Service , Bill Payment Systems , Reserve Bank , Real Time Gross Settlement , Upi Transactions , Digital Payments , Igital Payments Drop , தேசிய மின்னணு நிதி பரிமாற்றம் , உடனடியாக கட்டணம் சேவை , தேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியா , ஒருங்கிணைந்த கொடுப்பனவுகள் இடைமுகம் , தேசிய கொடுப்பனவுகள் நிறுவனம் , கட்டணம் சேவை , இருப்பு வங்கி , ரியல் நேரம் மொத்த தீர்வு , உப்பி பரிவர்த்தனைகள் ,

PhonePe, Google Pay adopt different modes to deal with NPCI UPI limit


PhonePe, Google Pay adopt different modes to deal with NPCI UPI limit
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​​​Google Pay is learnt to be reassessing its customer engagement initiatives such as cashbacks to bring its UPI market share to below 30%, PhonePe said it will not stop aggressive marketing for at least a year.
ETtech
As of March, PhonePe had a market share of 44% on UPI whereas Google Pay’s share was 35%, well above the limit set by the NPCI, according to the latest available data. (Illustration: Rahul Awasthi/ETtech)
Mumbai: New rules
capping the permissible market share of Unified Payments Interface (UPI) apps at 30% have evoked different responses from incumbent leaders, Walmart Inc.-backed PhonePe and Google’s GPay. ....

Sameer Nigam , Google Gpay , Rahul Awasthi Ettech , Indian Premier League , Walmart Inc , National Payments Corporation Of India , Unified Payments Interface , Google Pay , National Payments Corporation , Npci Upi Limit , Upi Transactions , அதே நீகம் , இந்தியன் ப்ரிமியர் லீக் , வால்மார்ட் இன்க் , தேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியா , ஒருங்கிணைந்த கொடுப்பனவுகள் இடைமுகம் , கூகிள் செலுத்த , தேசிய கொடுப்பனவுகள் நிறுவனம் , உப்பி பரிவர்த்தனைகள் ,

PhonePe logs $388 billion in annual TPV run rate, crosses 1-billion UPI transactions in March


PhonePe logs $388 billion in annual TPV run rate, crosses 1-billion UPI transactions in March
PhonePe logs $388 billion in annual TPV run rate, crosses 1-billion UPI transactions in March
Fintech major PhonePe on Thursday said it has hit an annual total payment value (TPV) run rate of USD 388 billion dollars in March this year.
The company, which competes with players like Paytm and Google Pay in the Indian digital payments market, said it has crossed the one-billion mark in terms of UPI transactions in the month of March.
We crossed a billion UPI transactions in March, while our total transactions across all payment instruments (UPI, wallet and cards) was at 1.3 billion. We also hit an annual TPV run rate of USD 388 billion in March, a PhonePe spokesperson said. ....

National Payments Corporation Of India , Google Pay , National Payments Corporation , Payments Interface , Upi Transactions , தேசிய கொடுப்பனவுகள் நிறுவனம் ஆஃப் இந்தியா , கூகிள் செலுத்த , தேசிய கொடுப்பனவுகள் நிறுவனம் , கொடுப்பனவுகள் இடைமுகம் , உப்பி பரிவர்த்தனைகள் ,