PhonePe – pressnews

Indians staying in UAE can now make UPI payments using PhonePe app

28Mar

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Technology

Indians staying in UAE can now make UPI payments using PhonePe app

[ad_1] Indian tourists and NRIs visiting the UAE can now make UPI payments using the PhonePe app. This development comes as a result of the National Payments Corporation of India (NPCI) partnering with Mashreq Bank's NEOPAY, paving the way for UPI-based payments in the Gulf Nation. With a substantial Indian expat population residing in the UAE, the inclusion of UPI as a payment option simplifies financial transactions for Indian travellers. Previously, in 2021, UPI services were successfully introduced in Bhutan through collaboration with the Royal Monetary Authority, Bhutan's central bank. Also read: Google SGE now helps you plan vacations, get shopping recommendations; Know how it works "UAE is a very popular destination, with millions of Indian visitors every year. With this partne...

Exciting UPI updates in 2024: Here are 5 new key features you will benefit from

5Jan

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Technology

Exciting UPI updates in 2024: Here are 5 new key features you will benefit from

[ad_1] UPI updates in 2024: As we step into the new year, it's important to be aware of some fresh updates to the Unified Payments Interface (UPI), India's fastest-growing payment method. The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) have collaboratively crafted these regulations, which aim to enhance your online banking and payment experiences. it's crucial to acquaint yourself with five rule updates set to elevate your online banking and payment experiences.Effective from January 1, 2024, here are five key UPI updates you should keep in mind.1. Dynamic UPI IDs: The NPCI is taking a proactive step by directing payment apps to deactivate dormant UPI IDs after one year. Whether you're a user of Google Pay or PhonePe, ensuring the activity of your U...

NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date

18Nov

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Technology

NPCI issues deadline to Google Pay, Paytm, PhonePe: Deactivate these UPI IDs. Know date

[ad_1] In a proactive move to enhance the security and reliability of the Unified Payments Interface (UPI) ecosystem, the National Payments Corporation of India (NPCI) has issued a directive aimed at major third-party UPI apps such as Google Pay, Paytm, PhonePe, and others. The mandate, conveyed through a recent circular, requires these platforms and associated banks to deactivate UPI IDs and numbers that have remained inactive for over a year.NPCI, a non-profit organization overseeing retail payments and settlement systems in India, emphasizes that this measure is essential to prevent unintentional fund transfers to unintended recipients. The risk arises when customers change their mobile numbers without unlinking the old ones from the banking system, as there is a chance that the old ...

Don’t want to show your phone number when you transact on Paytm? Know this UPI trick

2Nov

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Technology

Don’t want to show your phone number when you transact on Paytm? Know this UPI trick

[ad_1] Gone are the days when it was considered safe to share seemingly innocent information about you without giving it a second thought. Today, with cybercrime on the rise, it is important to keep your data private and only with those you trust. While people are mostly careful around their financial data, passwords, and other sensitive information, one piece of data that is freely available every time you make a UPI (Unified Payments Interface) payment is your phone number. For most people, our UPI ID is our phone number, so anyone, including random shopkeepers, to whom you have made a payment, would probably have access to your phone number. If that bothers you, then do not worry, as you can change your UPI address on Paytm and make it so it is hidden from others. Check this trick. H...

10 key points to know about PhonePe’s Indus app store, the rival of Google Play Store

24Sep

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Technology

10 key points to know about PhonePe’s Indus app store, the rival of Google Play Store

[ad_1] PhonePe, in a bold and strategic move, has announced the launch of the Indus Appstore developer platform, aiming to entice Android app developers with the prospect of zero platform fees or commissions for in-app payments. This move marks PhonePe's determined stance to go head-to-head with Google Play Store in the app marketplace by introducing a homegrown app store.Akash Dongre, Co-Founder of Indus Appstore, expressed his concern that app developers are currently confined to a single app store – Google Play Store – for distributing their apps. He pledged that this new offering would serve as a credible and localised alternative with enhanced app discovery and consumer engagement, PTI reported. Here are 10 important things to know about PhonePe's Indus Appstore:1. PhonePe's Challe...

Pitched battle: PhonePe announces Indus Appstore for Android developers to take on Google

23Sep

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Technology

Pitched battle: PhonePe announces Indus Appstore for Android developers to take on Google

[ad_1] PhonePe on Saturday announced the launch of Indus Appstore developer platform, wooing Android app developers with the promise of zero platform fee or commission for in-app payments, as the digital payments firm made a bold and decisive move to confront the might of Google in the app marketplace with the Made-in-India app store.Akash Dongre, Co-Founder of Indus Appstore rued that app developers are forced to work with only one app store - Google Play Store - for distributing their apps, and vowed that the new offering will be a credible alternative, more localised, with better app discovery and consumer engagement. The Indus Appstore Developer platform comes with sweeteners - app listings on it will be free for the first year, after which a nominal annual fee will apply. Moreover,...

WhatsApp adds rival in-app payment options in India commerce push

20Sep

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Technology

WhatsApp adds rival in-app payment options in India commerce push

[ad_1] WhatsApp said on Wednesday that it will offer credit card payments and services from rival digital payment providers within its app in India, the latest bet by the Meta-owned service to boost commerce offerings in its biggest market.WhatsApp has more than 500 million users in India, though regulators there have capped its in-app WhatsApp Pay service to only 100 million people. People shopping on WhatsApp could also pay using popular services like Alphabet Inc's Google Pay, Paytm and Walmart's PhonePe but only after being redirected outside WhatsApp. Payments via those rival services - and any others that run on India's instant money transfer system UPI - will now be possible directly within WhatsApp, Meta said in a blog post. New in-app options for credit and debit cards will als...

Apple to launch Apple Pay in India soon?

25Jun

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Technology

Apple to launch Apple Pay in India soon?

[ad_1] Apple has been looking forward to launching its payment feature called Apple Pay in India for a long time now.As per GSMArena, Apple is planning to hold talks with the local regulatory bodies, specifically, the NPCI - a special division of India's central bank Reserve Bank of India. Apple Pay would be entering into a hyper-competitive segment with players like PhonePe, GooglePay, WhatsAppPay, and Paytm, among others. Reportedly, Tim Cook met with Indian authorities to negotiate a localized version of Apple Pay - customers to be able to scan QR codes and initiate UPI transactions without using third-party apps. Apple also wants users to confirm UPI transactions using the Face ID feature.However, Apple hasn't entered negotiations with local partners (banks) yet.In March, Apple intr...

5 safe online payment tricks: On UPI, keep your money secure this way

24Feb

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Technology

5 safe online payment tricks: On UPI, keep your money secure this way

[ad_1] Do you keep cash in your pocket anymore? Perhaps not. In fact, most of us prefer making online payments wherever possible. We even have more than one Unified Payment Interface (UPI) linked payment-making applications like Google Pay (GPay), Paytm, PhonePe, among others installed in our smartphones.The process of making online payment via these apps is simple, however, sometimes even a simple mistake like wrong click, number, among others can cause you huge monetary loss. Here are some of the safety tips which you should consider while making UPI payments. 1. Screen lock: Keeping a strong screen lock, password or PIN not only for your phone but also for all payment or financial transaction apps is very important. It not only saves your phone from landing in the wrong hands but al...

Making online payments? Check 5 best payment apps- Google Pay, Paytm, PhonePe, more

28Jan

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Technology

Making online payments? Check 5 best payment apps- Google Pay, Paytm, PhonePe, more

[ad_1] Google Pay, Paytm, PhonePe, and more- here are five best online payment apps that you can use. Online transactions have taken the world by storm, especially over the last couple of years. From street vendors to money transfers in your own bank account, everything can be done online through payment apps. There are several mobile applications available through which you can make online payments, do recharges and much more. These apps can be installed from Google Play Store for Android users while iPhone or iOS users can go to Apple App Store for the same. If you want to know the top ones, here we provide a list for you including Google Pay, BHIM, Paytm to PhonePe:1. Google Pay app: Google Pay is one of the most popularly and widely used payment applications. It uses UnifiedPaymen...