UPI

New UPI players gain ground, chip away at market leaders’s share, ET BFSI

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New UPI players gain ground, chip away at market leaders’s share, ET BFSI

New UPI players gain ground, chip away at market leaders’s share India’s Unified Payments Interface (UPI) ecosystem is witnessing a shift in its ranking order, with emerging players making significant inroads into a market long dominated by PhonePe and Google Pay. The latest data from the National Payments Corporation of India (NPCI) highlights how newer … Read more

How will the proposed new UPI tiered pricing work? Will it impact consumers?, ET BFSI

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How will the proposed new UPI tiered pricing work? Will it impact consumers?, ET BFSI

How will the proposed new UPI tiered pricing work? Will it impact consumers? The government is considering a proposal to reintroduce merchant discount rate (MDR) charges on Unified Payments Interface (UPI) and RuPay debit card transactions for large merchants, as banks and payment service providers push for sustainable revenue models. Under the proposed tiered pricing … Read more