PhonePe raises $200 mn from Walmart at $12 bn valuation
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
upi payments
March 2023
February 2023
January 2023
September 2022
August 2022
UPI transactions up 50% to 36 cr in one year: RBI Governor
Das said in terms of value, transactions registered a growth of 17% worth ₹6.27 lakh crore in the past 12 months.
Indians can now transfer money to & from Singapore via UPI
An Indian user can remit up to ₹60,000 in a day, says the RBI.
Paytm Payments Bank launches UPI LITE for faster transactions
This means that users can make payments without entering a password. The UPI LITE feature was enabled by the National Payments Corporation of India on the app.
GeM sees UPI-like surge in adoption; 100% growth to ₹1.53 lakh cr in FY23
State government orders on the platform have grown 72%- from 6.88 lakh orders in March-Jan FY22 to 11.8 lakh orders in until Feb 1, FY23.
RBI allows UPI to foreign phone nos from April
New facility to help students studying abroad, family members and businesses use UPI without having an Indian SIM card.
UPI clocks 6.5 billion transactions in August
UPI transaction value for August jumps to ₹10.72 lakh crore.
No charges on UPI payments: Govt
The clarification comes days after the Reserve Bank of India (RBI) proposed a tiered charge framework for UPI payments.
