One of the most frustrating experiences during a flight is when someone requests a seat exchange, don’t you agree? Paying extra for a specific seat only to surrender it out of sheer empathy and request feels quite challenging. However, a recent incident sparked a brilliant idea when a man decided to demand a fee for …
The woman wrote in the caption, “It was nice knowing y’all” The Unified Payments Interface (UPI), used for immediate money transfers through mobile devices, has become the fastest-growing payment mode in the country. Since its launch, the volume of digital transactions in India has increased exponentially. Many people don’t carry cash and rely on digital …
Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using the country’s Unified Payments Interface (UPI) system fell 14% between January and February. Meanwhile, PhonePe, owned by Walmart and Google’s GPay, saw a respective 7% and 6% …
Paytm Trust Issues: A ripple of panic spread through India’s vibrant Kirana stores after the Reserve Bank of India’s decision to stop Paytm Payments Bank’s operations after February 29. For many, Paytm’s QR code had become synonymous with digital payments, but with its sudden halt looming, Kirana owners faced a crucial decision: adapt or be …
Image Credits: Aparna Jayakumar / Bloomberg / Getty Images India is facing a quandary in enforcing long-delayed rules to curb the dominance of PhonePe and Google Pay in the country’s ubiquitous UPI payments network. The National Payments Corporation of India (NPCI), a special unit of the central bank, wants to cap market share of any …