Fintech

Unified Payments Interface (UPI) which had crossed the 11 billion mark in October with 11.41 billion transactions, 12 billion mark in December with 12.02 billion transactions, 13 billion mark in March 2024 recording 13.44 billion transactions and 14 billion mark in May with 14.04 billion transactions, has witnessed a modest increase in September, crossing the …

UPI clocks 500 mln daily transactions, crosses 15 bln volume mark in Sept’24 Read More »

Tide India has appointed former IAS officer Srinivas Injeti as Non-Executive Director and Chairperson of its Board, and ex-RBI officer Ajaya Kumar Sahoo as Senior Advisor.

A joint survey by DBS Bank India and Crisil India reveals that digital payments have gained significant traction among self-employed women in India, with 73 per cent preferring digital payments from customers and 87 per cent using digital methods for business expenses.

Existing investor Ashish Kacholia, invested further and increased his stake in the company while the round also saw participation from existing investors, including Gruhas, Let’s Venture, 9Unicorns, and Venture Catalysts.

Existing investor Ashish Kacholia, invested further and increased his stake in the company while the round also saw participation from existing investors, including Gruhas, Let’s Venture, 9Unicorns, and Venture Catalysts.

PhonePe has partnered with Jar to launch ‘Daily Savings,’ allowing users to save in 24K digital gold with daily contributions starting at Rs 10. The feature simplifies savings, enabling easy fund transfers, automated contributions, and flexible redemption options.

Prior to joining Ambak, Dudani was leading HR and Training functions at Cars24.

INDIA-PAYMENTS/TRINIDADTOBAGO (PIX)India payments authority inks deal to develop payments system for Trinidad and Tobago

Many Asian countries, including India, are moving away from older payment methods like ACH in favor of real-time systems such as UPI. JP Morgan Chase is investing in distributed ledger technology and partnering with ONDC to support this shift and enhance e-commerce and financial services.

The Unified Payments Interface (UPI) transactions have grown at a stellar pace of 75 per cent Compound Annual Growth Rate (CAGR), while UPI spends surged at 68 per cent CAGR in the August 2019-August 2024 period, a report showed on Friday, as the card industry’s growth remained tepid.