In order to detect and prevent transaction fraud, the central government is collaborating with Third-Party Application Providers (TPAPs) such as Google Pay, PhonePe, and Paytm to create improved security measures. The initiative's goal is to stop fraudulent transactions using TPAPs. TPAP systems may cause minor delays and send
The number of transactions using the Unified Payments Interface (UPI) increased 4.4% from 17.89 billion in April to 18.68 billion in May, setting a new record. There were 33% more trades than the previous year. UPI transactions experienced a 2.2% month-over-month (MoM) decline in April. The
The National Payments Corporation of India (NPCI) has announced a significant update to the Unified Payments Interface (UPI) system, part of a broad overhaul that would affect thousands of digital payment customers nationwide. All UPI-based applications, including Google Pay, PhonePe, and Paytm, will stop using contact-saved identities and nicknames during
Due to a network capacity shortage brought on by cybersecurity exercises held in the wake of the India-Pakistan conflict, fintech giant PhonePe had an outage on 12 May when it came to processing Unified Payments Interface (UPI) transactions. For more than an hour on the same day, users and industry
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PhonePe is the online payment platform that creates, hosts and manages your online transaction and also, provides various services through the Internet. Today, there are plenty of companies that provide you with the facility of online transactions. PhonePe is included among such companies. National Payments Corporation of India has evolved
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Sameer Nigam is an Indian Entrepreneur who founded PhonePe, a UPI-based online payment system in 2015 and serves as its Chief Executive Officer (CEO). He also served as the Senior Vice President of engineering at Flipkart. In 2009, he launched his very first venture Mime360, which connects content owners to
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Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. In today's world, the emphasis is on comfort and ease, and the banking industry has seen quite a revolution in this regard. Carrying cash was rather cumbersome, which led to the birth
PhonePe, owned by Walmart, has selected four investment banks as advisors as India's leading digital payments platform aims to enter the domestic tech IPO sector, targeting a valuation of up to $15 billion. As per a media report, PhonePe plans to initiate the IPO process in the first
With ambitions to list on Indian stock exchanges, fintech business PhonePe said on 20 February that it has started preparing for the start of its initial public offering (IPO). According to a press release from PhonePe, the company, which will mark its tenth anniversary this year, provides cutting-edge financial services
The largest digital payments provider in India, PhonePe, on 17 February, announced the release of PhonePe SafeCard, a tokenisation solution for credit and debit card transactions conducted online. Both PhonePe customers and merchant partners will be able to continue enjoying the ease of stored card transactions with enhanced security and
Payment aggregators Razorpay and Cashfree also intend to end all third-party collaborations and integrations with payment orchestration systems like Juspay in response to PhonePe's lawsuit. Cashfree intends to stop using third-party routers and orchestrators for integrations. According to a statement from a Cashfree Payments representative, the brand can
On December 21, 2024, the Sardar Patel Institute of Technology (SPIT), one of Mumbai's top engineering schools, held its Annual Alumni Reunion in the SP Jain Auditorium on Bhavan's Campus in Andheri West. About 300 graduates, including prominent figures from the business and technological sectors, were
The leading digital payments company, PhonePe, has cancelled its collaboration with Juspay, a payment orchestration platform, stating that it intends to integrate payment solutions for its merchants directly. With this change, the fintech company, which is sponsored by Walmart, will be able to provide its merchant clients with an integrated
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India is the largest importer of Gold in the world. Gold is not only a material of great value that is closely knitted with the Indian culture and tradition but has also been a time-tested investment option, which is very common among Indian households. With the emergence of the internet
On October 21, 2024, PhonePe announced a partnership with Bajaj Allianz General Insurance to provide reasonably priced insurance protection against firecracker-related mishaps during Diwali for a certain time. For a payment of INR 9, which includes goods and services tax (GST), the insurance coverage includes a sum insured of INR
The leading UPI payments company PhonePe has announced a collaboration with microsavings startup Jar to launch a new feature on its app dubbed "Daily Savings." With the use of this function, users can save money in 24K digital gold by making daily donations that range from INR 10
A new feature called "Credit Line on UPI" has been introduced on PhonePe's platform. This feature gives customers the ability to link their pre-approved credit lines to UPI, which enables them to make payments without any hassle. Users now have the ability to control their monthly
With just over four months to go until the deadline, industry insiders have expressed doubts about the proposed 30% market share cap in the Unified Payments Interface (UPI) category, according to multiple media sources. Multiple newcomers to UPI have been informed, informally, that the limit is not going to be
According to a media agency, several prominent fintech companies have decided to participate in the digital currency pilot program run by the Indian central bank. These companies include Google Pay, PhonePe, Cred, Mobikwik, and AmazonPay. According to sources who spoke with the news agency, the corporations will accomplish this by
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As smaller companies gained headway in India's unified payments interface in June, the share of total transactions processed by Walmart Inc.-owned PhonePe and Alphabet Inc.’s Google Pay declined slightly. From 48.67% in May to 48.37% now, PhonePe's percentage of all UPI transactions
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Following a "scrutiny" of "select NBFC-P2P companies" from June to September 2023, the Reserve Bank of India (RBI) discovered "multiple violations" of the regulations established in October 2017, when the licensing standards were published, to welcome these companies to the Indian financial market. It
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A limitation on Paytm's ability to engage in banking operations beyond February 29 by India's Reserve Bank has put the country's fintech behemoth in a bind. Paytm, which was started in 2010 by Vijay Shekhar Sharma—who became famous as the face of digital
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It has become common to see top-of-the-line celebrities endorsing brands on-screen. The demand for the right brand ambassadors is so high that many brands even compete with each other for the right person that would fit in well with the brand's ideology and its products. Choosing the face
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The National Payments Corporation of India was formed in 2008 with the objective of integrating all payment mechanisms existing in the country and making them uniform for retail payments. However, the majority of the population was opting for cash payments as retailers encouraged this method. There was also the problem