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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The payments body has said no single app like Google Pay or PhonePe can hold over 30% of the market. How will that work?
Editor's note: Last Thursday night, the National Payments Corporation of India released two back-to-back announcements about the Unified Payments Interface, or UPI, its instantaneous bank-to-bank payments system. Announcement No. 1: NPCI has finally given approval for WhatsApp to “go live” on UPI. The Facebook-owned messaging app can expand its UPI payments user base in a “graded manner”, with an initial user limit of 20 million. Announcement No. 2: NPCI said that with UPI reaching 2 billion transactions a month, and with potential for future growth, it was putting in place a limit on the market share of any third-party UPI app. No single third-party app—such as Google Pay, PhonePe or Amazon Pay—will be allowed to process more than 30% of all UPI transactions, effective from 1 January 2021. “It will help to address the risks and protect the UPI ecosystem as it further scales up. The cap of 30% will be calculated basis the total volume of transactions processed in UPI during the preceding three months (on a rolling basis). The existing TPAPs exceeding the specified cap, will have a period of …
The payments body has said no single app like Google Pay or PhonePe can hold over 30% of the market. How will that work?
Editor's note: Last Thursday night, the National Payments Corporation of India released two back-to-back announcements about the Unified Payments Interface, or UPI, its instantaneous bank-to-bank payments system. Announcement No. 1: NPCI has finally given approval for WhatsApp to “go live” on UPI. The Facebook-owned messaging app can expand its UPI payments user base in a “graded manner”, with an initial user limit of 20 million. Announcement No. 2: NPCI said that with UPI reaching 2 billion transactions a month, and with potential for future growth, it was putting in place a limit on the market share of any third-party UPI app. No single third-party app—such as Google Pay, PhonePe or Amazon Pay—will be allowed to process more than 30% of all UPI transactions, effective from 1 January 2021. “It will help to address the risks and protect the UPI ecosystem as it further scales up. The cap of 30% will be calculated basis the total volume of transactions processed in UPI during the preceding three months (on a rolling basis). The existing TPAPs exceeding the specified cap, will have a period of …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
The fund house has fallen behind its peers. What explains the sub-par performance?
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
The fund house has fallen behind its peers. What explains the sub-par performance?
