Unified Payments Interface

Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
Razorpay and Airtel Payments Bank Partner on UPI Infrastructure
April 24, 2024  |  Partnerships

Razorpay has launched its own Unified Payments Interface (UPI) infrastructure in partnership with Airtel Payments Bank. The new infrastructure, UPI Switch, boost success rates by 4% to 5%; handles...

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Paytm’s Troubles Drive Indian Customers to Walmart and Google
Paytm’s Troubles Drive Indian Customers to Walmart and Google
March 06, 2024  |  Digital Payments

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...

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Flipkart to Enable Transactions With India’s UPI Instant Payments System
Flipkart to Enable Transactions With India’s UPI Instant Payments System
March 04, 2024  |  Real-Time Payments

Indian eCommerce marketplace Flipkart has launched a Unified Payments Interface (UPI) handle to enhance its digital payment offerings by adding India’s popular instant payments system. The new Flipkart UPI...

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Report: Paytm Turning to Banks to Process UPI Transactions
Report: Paytm Turning to Banks to Process UPI Transactions
February 26, 2024  |  Banking

Embattled Indian FinTech Paytm is reportedly turning to a group of banks for help. The company is likely to work with Aix Bank, HDFC, Yes Bank and...

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India Cracks Down on ‘Sketchy’ FinTech KYC Rules
India Cracks Down on ‘Sketchy’ FinTech KYC Rules
February 22, 2024  |  Regulation

India’s banking regulator has made some high-profile enforcement moves in recent weeks. Last month, the Reserve Bank of India (RBI) ordered Paytm Payments Bank to...

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IndusInd Bank Launches Corporate Credit Card on RuPay Network
IndusInd Bank Launches Corporate Credit Card on RuPay Network
December 27, 2023  |  Credit Cards

IndusInd Bank has launched a corporate credit card on the RuPay network. With this launch, the new eSvarna corporate credit card will integrate Unified Payments Interface (UPI) functionality, the bank...

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US Real-Time Payments Transactions Expected to Quadruple by 2027
US Real-Time Payments Transactions Expected to Quadruple by 2027
November 07, 2023  |  Real-Time Payments

Real-time payments have revolutionized how money moves in the global economy. In an era defined by rapid technological advancements and increasing consumer demand for convenience...

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Ebanx Views India Expansion as ‘Center’ of Its Payments Vision
Ebanx Views India Expansion as ‘Center’ of Its Payments Vision
September 18, 2023  |  Payments As A Service

Brazilian payments company Ebanx is reportedly preparing to expand into India by year’s end. As Bloomberg News reported Monday (Sept. 18) the company will soon begin letting global merchants...

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India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
India’s UPI Real-Time Payments System Tops 9 Billion Monthly Transactions
June 01, 2023  |  Real-Time Payments

India’s monthly Unified Payments Interface (UPI) transaction count has topped 9 billion in a single month. The real-time payments system’s transaction count hit 9.41 billion in May,...

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