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.
Indians can use PhonePe UPI payments in Sri Lanka. It has been officially launched in the country.
PhonePe collaborates with LankaPay.
4 replies8 likes
Chamarti Sreekar
Passionate about Pos... • 1m
Google Pay now charges 0.5% to 1% (plus GST) for bill payments made via credit and debit cards, while UPI bank transfers remain free. Competitors like PhonePe and Paytm also charge similar fees.
Fintech firms face high UPI processing costs, totaling
🚨 38% of IITians across 23 campuses remain unplaced in 2024. (RTI)
Out of 21,500 IIT students who registered for placements, only 13,410 secured jobs, leaving 8,090 searching for employment.
X - Indian tech guide
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
🚨 Hyderabad is all set to get its own New York's famed Times Square in Raidurgam as 'T-Square'.
It is aimed at creating a world-class tourist attraction replete with huge, colorful digital billboards.
X - Indian tech guide
🚨 Tax Saving Alert: Only 2 Months Left! 🚨
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PPF, ELSS (higher returns), NSC, LIC, Tax-Saving FDs (5 yrs).
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1 replies7 likes
Harsh Dwivedi
•
Medial • 8m
Top News of the Day:
1. Vidyut, a startup specializing in financing commercial electric vehicles (EVs), has expanded its services to include the reselling of three-wheeler EVs.
2. European regulators are taking action against big technology compani
Paytm shareholders are ignoring this? 📛📛
The fintech giant was the only UPI app to be making money on UPI. And now that’s no more possible.
Here's all you should know!
..
The thing is, NPCI (via Govt grants) compensates the banks to up keep the
India's Urban Payment Landscape
(Kearney India and Amazon Pay analysis)
🔹Cash is still largely used for transactions of smaller value. On the other side, 68% of Total Digital payments come from UPI
🔹New payment methods such as BNPL are known to a
