Google Pay, PhonePe, Amazon Pay and Paytm are the top platforms for users in India to make online payments through the Unified Payments Interface (UPI) system. UPI opened gateways for Indians to get access to the facility of instant money transfer at no cost to other people. The best thing about UPI is that to transact money through it; users just need a smartphone, an internet connection and a bank... Read More
PhonePe, Gpay or Google Pay, Amazon Pay and Paytm are four of the largest mobile money transfer applications present in India right now. The arrival of the Unified Payments Interface (UPI) gave these payment platforms a new identity in the market. Paytm was already there for a long time, allowing consumers to transfer money from wallet to wallet. However, UPI came and allowed users to transfer money into the bank... Read More
Over the past few months, CRED and WhatsApp Pay have been among the top gainers, in terms of UPI transaction volume and value, given their rapid development based on rewarding users with cashback. WhatsApp Pay recorded the largest increase in transaction value in November 2022, increasing by 8.6% to Rs 769.29 Cr from Rs 708.56 Cr, while CRED's transaction value decreased by 8.2% to Rs 18,599.72 Cr from Rs 20,259.70... Read More
The Unified Payments Interface (UPI), which was launched by the National Payments Corporation of India (NPCI) a few years ago, has significantly improved our standard of living. UPI has made bank-to-bank money transfers simple and secure, enabling everything from purchasing veggies from roadside vendors to sending money to friends and relatives. However, the government has restricted the number of transactions per day due to accessibility. A person may use UPI... Read More
Google Pay has been quite influential in bringing some much-needed change to the mode of payment in multiple countries, especially in India, being a backbone for cashless transactions in the country via UPI based payment. Till now, however, users of Google Pay in the U.S. were not allowed to send money to GPay users in certain other countries, but this is set to change. It was announced by Google on... Read More
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