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.
As of January 2024, the Unified Payments Interface (UPI) had over 452 million active users in India.
0 replies3 likes
Vedant SD
Finance Geek | Conte... âąÂ 5m
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
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.
Any Payment gateway providing 0% commission on UPI payments? Paytm I can see but not accepting to onboard.
1 replies3 likes
Mahendra Lochhab
Content creator âąÂ 19d
UPI, established by the National Payments Corporation of India (NPCI) in 2016, is the dominant payment platform in India, processing over 75% of the country's retail digital payments.
0 replies3 likes
Shuvodip Ray
Never compromise wit... âąÂ 25d
I really want to see the UPI option on all international payment gateways. I also believe UPI payments are much safer than using cards. Iâm saying this after joining many Telegram groups đ.
2 replies7 likes
Havish Gupta
Figuring Out âąÂ 2m
1) Made integrating payments on websites so easy.
2) Awesome and user friendly UI.
3) Almost all payment methods in one place
4) Its also Profitable
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
đ We're Building the Future of Payments with Neobiz Payments
At Neobiz Payments, weâre revolutionizing utility services, bill payments, UPI collection, bulk payouts, and software solutions with cutting-edge technology. Our secure and efficient pay
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Arcane
âââââ âąÂ 9m
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