/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A deep dive into the costs and conflicts of India’s favourite digital payments system.
The Unified Payments Interface, or UPI, has been a runaway success. What started as a small experiment by the National Payments Corporation of India has in four years become the most used digital payments system by volume of transactions.
At a time when NPCI is preparing to take its immensely popular payments product global, banks and fintech companies have been grousing about how it’s impossible to make UPI as a payment mode sustainable. Starting January this year, they were no longer allowed to charge merchants a fee on payments received, by government order. Banks have also been expected not to …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
Billionaire Mohamed Alabbar goes for the Indian Ocean archipelago, India’s PhonePe gets UAE approval, and other updates from the week.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
