Google Pay

PayTM Payments Services and PayU Payments Private Limited are the entities whose application to continue as payment aggregators has been returned by the RBI

From accounting for a quarter of all UPI transactions, app now has a share of just 0.76%

The search giant is piloting a soundbox of its own in the country to alert sellers of confirmations for Unified Payments Interface (UPI)-based payments, reports TechCrunch

Hints at the need to make transactions on the platform chargeable

The free run for PhonePe and Google Pay is likely to continue, as the 30% market cap mandate will not come into force for another two years. So, what does it mean for new players like WhatsApp?

Players wanted five-year extension on the market cap deadline

Deal expected to be closed in two-four weeks, says source

UPI payment apps like Google Pay, PhonePe, Paytm, and others may soon impose a limit on the transaction

PhonePe, and Google Pay likely to be the beneficiaries

The former Niti Aayog chief executive said that climate change was another big crisis that the world faced, impacting larger nations, as well as threatening to submerge smaller island nations

Earlier this year, the company announced that Google Play Games would come to PCs as a beta experience to a limited number of players

PhonePe and Google Pay approached the National Payments Corporation of India (NPCI) asking for an extension to the December 2022 deadline for at least three years

Regulator suggests eight corrective steps

Digital payments firm seeking investors' support to scale up operations and compete with rivals

With this move, NPCI was aiming to reduce the concentration risk in the system and potentially curb the dominance of two large players while ensuring other players also get a chance to grow

Regulator granted WhatsApp approval in November 2020 to go live on UPI in the multi-bank model in a graded manner.

The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country

The personal loan programme will disburse up to Rs 1 Lakh per loan, repayable over a maximum of 36 months. The partnership is being launched in over 15,000 pin codes

The collaboration aims to address the problem of meeting the working capital management of MSMEs and to help small merchants thrive in their business journey.

Points to the surge the number of UPI transactions, which are nearly doubling each year