Finance

August 12th, 2021 11:30 AM 0 COMMENTS

OneWeb Gets $300 Million Investment from Hanwha Systems

OneWeb backed by Bharti Airtel is a low-earth orbit (LEO) satellite communication company. It is co-owned by the Bharti group and the UK government. The company intends to compete against Project Kuiper from Amazon and Elon Musk’s Starlink that are its counterparts in the satellite broadband space. Investment From Hanwha Systems In a recent development, a South Korean Fortune 500 company Hanwha, which is a global technology and manufacturing company... Read More

February 8th, 2021 9:03 PM 17 COMMENTS

WhatsApp UPI Transaction Volume Dips in January; PhonePe Extends Lead at the Top

Facebook-owned WhatsApp continues to witness poor response for its payments service in India. The National Payments Corporation of India (NPCI) released UPI data for the month of January 2021. PhonePe continues to lead the Unified Payments Interface (UPI) payments market in India with an overall transaction volume of 968.72 million and Rs 1,91,973.77 crore transaction value. Google Pay is second on the list, followed by Paytm Payments Bank App, Axis... Read More

January 19th, 2021 11:08 AM 0 COMMENTS

PhonePe Overtakes Google Pay as Most-Used UPI App in December 2020

Flipkart-owned PhonePe became the leading UPI application in India during December 2020, overtaking the previous leader Google Pay. According to the data released by NPCI, a total of 207 banks are now live on UPI. NPCI said that a whopping 2,234.16 million transactions accounting for 4,16,176.21 crore took place in December. To recall, UPI recorded 2,210.23 million transactions in November and the same is almost the same in December. However,... Read More

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