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This article discusses the concept of Smart Routing in UPI transactions. Smart Routing is a feature that improves the success rate of payments by routing transactions through different UPI IDs associated with a user’s bank account. It acts as alternative routes to avoid payment failures. Users can have up to four UPI IDs for the …
Smart Routing: Why and how you can have multiple UPI IDs on Google Pay Read More »
The average transaction size on credit cards is above Rs 2,000, while UPI merchant payments average around Rs 650, which NPCI wants to increase.
From UPI 123Pay to UPI-PayNow linkage, new developments in UPI are redefining the payment infrastructure and transforming the digital payment space. NPCI’s latest data shows a slight decline in UPI transaction volume for the month of November, clocking 11.24 billion transactions.
For a small exporter, overseas transactions are tough and expensive. Payoneer says its solutions can simplify the process. Read the conversation with ET Digital in which Shisodia talks about how small businesses can leverage the company’s solutions, the business growth for Payoneer and why it is better than banks in handling cross-border transactions.
Currently, Credit+ has partnered with Mastercard and Visa, as it looks to launch other card network providers such as Amex and RuPay.
The total volume in DeFi is currently $5.13 billion, 10.54% of the total crypto market 24-hour volume. The volume of all stablecoins is now $43.49 billion, which is 89.32% of the total crypto market 24-hour volume. “Price movements across the crypto market remain predominantly bearish as investors and money managers grapple with the potential repercussions …
Crypto Price Today: Bitcoin holds near $38,000; Solana, Avalanche rise up to 3% Read More »
The Biden administration on Tuesday sent a letter to Congress, requesting new legislation that would grant Treasury the authority to police crypto marketplaces used by actors the U.S. government deems illicit
Mr. Harshvardhan Lunia, Founder & CEO, Lendingkart Technologies Private Limited, has been elected the new Chairman of the Fintech Convergence Council (FCC), which represents the fintech members of the Internet and Mobile Association of India (IAMAI). Mr. Jitendra Gupta, Founder, Jupiter, has been elected the new FCC Co-chair. The new leadership replaces Mr. Naveen Surya …
There was a plethora of regulatory challenges in app interactions with insurance, banking and governmental agencies with fintech apps recording billion-scale transactions. This also threw enormous scope for constant innovations in fintech apps, he said, while speaking at the inaugural of the Bengaluru Tech Summit 2023.
The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens.
