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Meetup at Lonavala: RBI holds discussions with banks and fintechs on ways to popularise CBDC

The meeting happens against the backdrop of declining usage of CBDC at the wholesale level and retail level. Despite a push from some banks and the regulator and interoperability with UPI, CBDC has been losing popularity ....

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Industry keenly awaiting implementation of 30% UPI market share cap by NPCI

The National Payments Corporation of India (NPCI) in December 2022 extended the deadline for third-party UPI players to meet its 30 per cent volume cap in digital payment transactions by two years to end December 2024. ....

Sanjiv Sharma , Walmart Phonepe , National Payments Corporation Of India , National Payments Corporation , Google Pay , Unified Payments Interface ,

$2B needed to revert City of San Diego streets to industry standard

It’s a sign people around 44th Street and Myrtle Avenue have been waiting to see: road work on their street. ....

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Without Payments Bank, Paytm's UPI market share drops to 9%, lowest in four years

NPCI started sharing UPI apps transaction volume and value from April 2020 and this is Paytm s lowest market share. The mobile payment app hit by the regulator s action has also seen its transaction value market share drop to 6.7 percent. ....

Axis Bank , Paytm Payments Bank Limited , Communications Ltd , National Payments Corporation Of India , National Payments Corporation , Google Pay , Yes Bank , Market Share , Digital Payments , Pi Tranaction ,

Mobile wallet usage in India to grow at 18.3%, touch $6.4 trillion in 2028

GlobalData, a leading data and analytics company, in its report, said the acceptance and growing popularity is mainly due to the government’s focussed efforts on digital payment methods, like unified payments interface (UPI). ....

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