PhonePe’s Credit Line on UPI Revolutionizes Digital Transactions Introduction to PhonePe’s Credit Line on UPIPhonePe, one of India’s leading digital payment platforms, has introduced a groundbreaking feature that allows users to access a credit line via UPI (Unified Payments Interface). This innovative service is set to revolutionize digital transactions by providing users with instant access…
UPI Breaks Record with 1.404 Billion Transactions in May; Sees 49% Year-on-Year Growth The Unified Payments Interface (UPI) in India has achieved yet another milestone by recording a staggering 1.404 billion transactions in the month of May. This feat marks a remarkable 49% year-on-year growth, showcasing the exponential rise in digital transactions and the increasing…
Centre Launches New Mobile Number Series for Service, Transactional Calls The Government of India has recently introduced a new mobile number series specifically designated for service and transactional calls. This move aims to streamline communication between businesses and consumers, enhancing the efficiency of service-related interactions. With the increasing reliance on mobile phones for various transactions…
Swiggy Enhances Fraud Prevention with SHIELD Partnership Introduction to the Partnership Swiggy, a leading online food delivery platform, has recently partnered with SHIELD, a risk AI platform specializing in device intelligence, to bolster its fraud prevention capabilities. This strategic collaboration is aimed at combating promo abuse and fraudulent activities within Swiggy’s ecosystem. Leveraging Device Intelligence…
Government, SBI Cards, and Telcos Collaborate to Combat OTP Frauds In a significant move towards enhancing cybersecurity and combating OTP frauds, the Government of India has joined hands with SBI Cards and major telecom companies. This collaboration aims to implement stringent measures to safeguard users’ financial transactions and personal data. With the rise in digital…
BharatPe Introduces BharatPe One: Revolutionizing Payment Solutions BharatPe, a leading fintech company in India, has recently unveiled BharatPe One, a game-changing initiative aimed at revolutionizing payment solutions in the country. This innovative platform integrates multiple payment modes into a single QR code, simplifying transactions for both merchants and customers. With BharatPe One, the company aims…
RBI Data Reveals Credit Cards Breach 100 Million Mark in India In a significant milestone, data released by the Reserve Bank of India (RBI) has unveiled that the number of credit cards in circulation in India has surpassed the 100 million mark. This revelation underscores the burgeoning trend of digital transactions and the increasing reliance…
NPCI Appoints Pankaj Tripathi as UPI Safety Ambassador In the dynamic landscape of digital transactions, the National Payments Corporation of India (NPCI) has taken a significant step towards enhancing the safety of Unified Payments Interface (UPI). In a recent development, Pankaj Tripathi has been appointed as the UPI Safety Ambassador by NPCI. This move holds…
SBI Card Partners with Reliance Retail to Introduce Reliance SBI Card In a significant development in the financial sector, SBI Card has entered into a strategic partnership with Reliance Retail to introduce the much-anticipated ‘Reliance SBI Card.’ This collaboration between one of India’s largest public sector banks and the retail giant holds substantial implications for…
