Search results
Results from the WOW.Com Content Network
The RBI governor Shaktikanta Das launched the service called UPI 123PAY on 8 March 2022, with an aim to help almost 40 crores (400 million) feature phone users in the country. [52] Till now, UPI payments were only possible through payment applications on smartphones and USSD-based service for feature phones. However, as per Deputy Governor T ...
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless transactions.
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]
The service was officially launched on 20 September 2022, and was a game changer, helping Rupay increase their market share. [62] For the first time, RuPay credit card usage topped ₹10,000 crore in a single month in December 2023, accounting for roughly 6% of the domestic credit card market. The number of RuPay credit cards in use surpassed ...
On November 18, 2020, Google launched a companion app in the United States. It functions as an expansion of the Singaporean and Indian versions of the app. The company announced the Google Wallet companion app during the 2022 Google I/O keynote, [ 3 ] which replaced the 2018 Google Pay app while co-existing with the 2020 one after it was ...
Tez worked on the vast majority of India's smartphones (with apps for both Android and iOS) with the Android app supporting English, Hindi, Tamil, Bengali, Gujarati, Kannada, Marathi, and Telugu. [1] There were plans to release the app in other emerging countries including Vietnam, Indonesia, and Thailand. [5] "Tez" is the Hindi word for "Fast".
In 2015, eleven companies received In-principle approval from the Reserve Bank of India to set up Payments Bank under the guidelines for Licensing of Payments Bank. [6]On 11 April 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.
Navi launched its UPI offering, Navi UPI, in August 2023. It has rapidly become one of the fastest-growing UPI platforms. By June 2024, the platform has already recorded a 12-fold increase in growth on Android compared to March 2024. During this period, Navi UPI advanced from the 27th to the 11th position among the top UPI apps. As of the month ...