UPI

Flipkart Launches UPI Payment App Offering Cashback Rewards
Flipkart Launches UPI Payment App Offering Cashback Rewards
June 26, 2024  |  Loyalty & Rewards

Walmart-owned Indian eCommerce firm Flipkart has launched a Unified Payments Interface (UPI) payment app that offers up to 5% cashback on purchases. The new super.money app is...

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Walmart Says PhonePe and Flipkart IPOs Years Away
Walmart Says PhonePe and Flipkart IPOs Years Away
June 09, 2024  |  Walmart

Walmart’s India-based eCommerce marketplace and payments company aren’t quite ready to go public. “This is something we’re looking at over the next couple of years,”...

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Paytm Continues to Lose Digital Payments Ground to Google and Walmart
Paytm Continues to Lose Digital Payments Ground to Google and Walmart
June 06, 2024  |  Digital Payments

India-based Paytm’s share of the country’s Unified Payments Interface (UPI) continues to slip. The FinTech made up 8.1% of total UPI transactions last month, down...

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Report: India’s Adani Exploring eCommerce and Payments Business
Report: India’s Adani Exploring eCommerce and Payments Business
May 28, 2024  |  eCommerce

Indian conglomerate Adani is reportedly in discussions to enter the eCommerce and payments space. The company is considering applying for a license to take part...

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Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
April 24, 2024  |  Partnerships

Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles...

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PhonePe and Mashreq Partner to Enable UPI Payments in UAE
PhonePe and Mashreq Partner to Enable UPI Payments in UAE
April 01, 2024  |  Partnerships

Indian citizens visiting or working in the United Arab Emirates can now use the PhonePe app to make payments using the United Payments Interface (UPI) at Mashreq’s Neopay terminals. These transactions...

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Paytm’s Troubles Drive Indian Customers to Walmart and Google
Paytm’s Troubles Drive Indian Customers to Walmart and Google
March 06, 2024  |  Digital Payments

Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the...

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Flipkart to Enable Transactions With India’s UPI Instant Payments System
Flipkart to Enable Transactions With India’s UPI Instant Payments System
March 04, 2024  |  Real-Time Payments

Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system. The new Flipkart UPI...

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Report: Paytm Turning to Banks to Process UPI Transactions
Report: Paytm Turning to Banks to Process UPI Transactions
February 26, 2024  |  Banking

Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and...

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