India Payments Research

Dec

Why UPI is bigger than ever

India’s United Payments Interface (UPI) currently accounts for 80% of India’s digital payment transactions, with significant growth in the first six months of 2024. Indeed, a report by Worldline found that UPI transactions jumped to almost 79 billion from January to July, up from roughly 52 billion during the same…

Nov

India Payments Research

PhonePe cuts losses by 28% in FY2024

Walmart-backed PhonePe is one of India’s most prominent fintech startups, perhaps the best known after Paytm. With the backing of the retail chain juggernaut, which owns 85% of the company, PhonePe does not seem to face the same kind of pressure for an exit as startups dependent on venture capitalists.…

Oct

India Payments Research

Paytm is having a tough year

2024 may ultimately be remembered as the year when Paytm’s regulatory travails got real. Ever since the Reserve Bank of India (RBI) effectively forced the shutdown of the company’s payments bank earlier this year, Paytm has been endeavoring to convince investors it has a viable way forward. In some ways,…

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India Payments Research