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Fintech company BharatPe on Monday said it has clocked 106 million transactions in the UPI QR payments category in March, and aims to grow UPI payments by three times in 2021-22. The company recorded USD 830 million worth of transactions (USD 10 billion annualised) in March 2021, according to a statement. BharatPe continued its trend of outgrowing the market with an 8.8 per cent market share, it added. "Over the last 12 months, BharatPe has grown exponentially and has been able to establish itself as one of the fastest-adopted payment systems in the UPI person-to-merchant (P2M) segment. "...

Read more about Chinese regulator orders Ant Group to carry out a major overhaul on Business Standard. Ant Group is a financial affiliate of e-commerce giant Alibaba Group Holding

Digital financial services firm Paytm said Thursday it achieved over 1.4 billion transactions in March, led by growth in offline payments and financial services. The firm said it continues to register, on average, 15 per cent month-on-month growth. In February, Paytm had touched the 1.2 billion transactions mark, making this a nearly 17 per cent increase from the previous month. "Paytm is the only company that provides the widest range of options to both merchants and customers which has helped us to achieve over 1.4 billion monthly transactions. Consumers can pay from Paytm wallet, UPI, P...

Read more about India's fintech industry seen at $150-160 bn by 2025: FICCI-BCG report on Business Standard. The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday unveiled 'India FinTech: A USD 100 Billion Opportunity' report. The report details the findings from the study that BCG and FICCI