Fragmentation in payment systems is another issue. While UPI has unified payments to a large extent, there are still many different payment options and wallets that people use. Integrating all of these seamlessly into a super app is a complex task.
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
As of January 2024, the Unified Payments Interface (UPI) had over 452 million active users in India.
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Mahendra Lochhab
Stealth • 5m
The Reserve Bank of India (RBI) and NPCI International Payments (NIPL) plan to extend the Unified Payments Interface (UPI) to 20 countries by the FY29.
UPI based payment gateway for developers.
I want to enable UPI payments on my website. Which solution can I use? Paytm, Razorpay, Phonepe required documents proving you are a registered business. But I'm a dev, don't have any registered business. Loo
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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Ashutosh Mishra
Stealth • 2m
𝗨𝗣𝗜 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗟𝗶𝗺𝗶𝘁 𝗧𝗼 𝗕𝗲 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗙𝗿𝗼𝗺 ₹𝟭 𝗟𝗮𝗸𝗵 𝗧𝗼 ₹𝟱 𝗟𝗮𝗸𝗵 𝗙𝗼𝗿 𝗖𝗲𝗿𝘁𝗮𝗶𝗻 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀
The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transac
A recent survey conducted by LocalCircles found that 75% of India’s UPI users may discontinue using the platform if transaction fees are introduced. This highlights the immense sensitivity of consumers towards any potential charges on a service that
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Inactive
Stealth • 2m
Breaking news: Zoho has launched Zoho Payments, a new platform designed for B2B transactions.
This service aims to streamline online payments for businesses, allowing them to manage transactions efficiently.
Zoho Payments integrates with existing