Launching UPI would not make a difference untill people link their bank accounts on this app. And why will people link there accounts for UPI on app like Flipkart when they have better apps for it like GPay.
And upi is something which people use mul
It makes sense given the large data and volume of transactions they have. Amazon is also bullish on Amazon Pay in India. They hold a tiny % of the Indian UPI market but are trying to ramp up.
UPI Transactions Jump 5% MoM In May To 1,404 Cr
Monthly Growth: UPI transactions rose 5% month-on-month in May to 14.04 billion, with transaction volume increasing 4.1% to INR 20.45 lakh crore.
Yearly Growth: Year-on-year, transaction count surged
ONE INTERESTING OBSERVATION SERIES
DAY #2
With the surge in digital payments, UPI has become the most popular payment method in India. However, it's also the most targeted by fraudsters. In 2022, UPI accounted for a staggering 55% of all fraud case
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10 replies10 likes
Jayant Mundhra
Ā ā¢Ā
Dexter Capital AdvisorsĀ ā¢Ā 5m
Naviās 10x jump in UPI is no big deal šš
Many social media posts have already declared Sachin Bansal-led Navi the next big thing in UPI.
Why? It stormed from 3mn UPI transactions in March to 30mn in May.
But, to be honest, thatās pretty naive. H
A few days ago, Flipkart introduced its new UPI service, Supermoney.
ā®ļøThe interesting part: Let's go back a few years -
Dec, 2015: 3 former Flipkart exec's start PhonePe.
Apr, 2016: Flipkart acquires PhonePe for $20 M.
Aug, 2018: Walmart acquires
UPI has revolutionised the payment scenerio in India and indeed UPI involved complex tech and India is also giving this technology to other countries like Ghana.
So my question is that, why countries like USA, Japan and other European countries are s
The Rise of Digital Payments in India
India's digital payments landscape has witnessed a remarkable transformation in recent years, driven by government initiatives, technological advancements, and changing consumer behavior. The country's large popu
Business Idea: Personalized Candy Store
This type of store uses M&M's to promote its products ā they always elicit positive reactions from city residents. Customers are given the opportunity to experience a new level of consumption based on personal
Day 1 ( putting problem and solution i feel it would be )
your inputs will add value to it
Problem statement: heavy school bags are burden to student. No doubt they have to carry large volume of books into it and with smart tech it can be solved
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6 replies3 likes
Laxit Rana
Ā ā¢Ā
ReputeĀ ā¢Ā 2m
Why UPI will always be free for Users :-
In my last post where I decoded revenue model of UPI payment platforms like PhonePe and GPay, many of you expressed concern that "soon they will charge money per transaction" However that is not the case. Le
India's Urban Payment Landscape
(Kearney India and Amazon Pay analysis)
š¹Cash is still largely used for transactions of smaller value. On the other side, 68% of Total Digital payments come from UPI
š¹New payment methods such as BNPL are known to a