#news #newstoday #tech #technews #latestnews #techupdates #newsupdates India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart-backed PhonePe. According to the proposal, first made in November 2020, digital payment firms would not…
GooglePay, Walmart-backed PhonePe and AmazonPay are among five payment firms seeking to join the Indian central bank’s digital currency pilot by offering transactions via the eRupee, three sources directly involved in the discussions said. Indian fintech firms Cred and Mobikwik are the other two that have applied to join the…
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration. The National Payments Corporation of India (NPCI), the quasi-regulator, will extend by as much as two…
Several users took to X (formerly Twitter) to claim that UPI transactions were not going through. In a tweet, the National Payments Corporation of India or NPCI, confirmed that some banks had been hit by an outage, causing UPI transaction failures. “Regret inconvenience on UPI connectivity as few of the…
Google Pay and National Payments Corporation of India (NPCI) will work together to expand Unified Payments Interface (UPI), the instant payments system widely used in the country, to international markets, Google and NPCI confirmed Wednesday. A Memorandum of Understanding (MoU) has been signed between Google Pay India and NPCI subsidiary,…
Google rolled out its search generative experience (SGE) in India in August, bringing AI-generated responses and summaries to queries on its popular search engine. Generative AI search promised to provide more effective and engaging results and in-depth overviews. Now, the tech giant is rolling out improvements to its AI search…
WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market. WhatsApp has more than 500 million users in India, though regulators there…
Reserve Bank of India on Thursday announced to increase the transaction payment limit from Rs. 200 to Rs. 500 for UPI Lite in offline mode. UPI Lite was first introduced in September 2022, allowing users to make transactions for a small amount limit in offline mode. Since then, the feature…
Vinay Choletti, head of WhatsApp’s India payment business, has quit the firm within four months in the role, marking the latest in a series of domestic senior-level departures at parent company Meta Platform. “As I move on to my next adventure, I strongly believe that WhatsApp has the power to phenomenally…
Paytm has started taking a surcharge for mobile recharges through its platform. The charge can be anywhere between Re. 1 and Rs. 6 — depending on the recharge amount. It is applicable on all Paytm mobile recharges, irrespective of the payment mode — whether done through Paytm Wallet balance or…
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