May 07, 2024 04:41 (IST)
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Will the new market share cap on UPI apps affect the user experience?

Will the new market share cap on UPI apps affect the user experience?

UPI has undoubtedly become the face of a cashless India. The use of this ingenious payment interface has made it possible to make swift and simple digital transactions. So it is hardly a surprise that as many as 2 billion UPI transactions took place in the month of October alone! In the midst of this exponential growth in the UPI industry, the National Payments Corporation of India (NPCI) has made a rather shocking announcement that has ruffled many feathers amongst Third-Party Apps like Google Pay and PhonePe.

WhatsApp's UPI payment service starts in India

WhatsApp's UPI payment service starts in India

Mumbai/IBNS: After years of struggle, Facebook Inc has finally managed to get approval for operating WhatsApp payments in India, starting Friday.

Cinépolis India partners with HSBC India to accept UPI payments across all its 300 screens

Cinépolis India partners with HSBC India to accept UPI payments across all its 300 screens

Kolkata, Apr 19 (IBNS): In sync with current government’s ‘go-cashless’ and digital economy drive, Cinépolis, India’s first international and world’s fourth-largest movie theatre chain, on Wednesday announced the launch of a Unified Payment Interface (UPI) across all its multiplexes in the country.