Results for "NPCI"

3 results found

STARTUP WATCH4 min read

India's UPI Ecosystem Gears Up for a Major Transformation: The Impact of the 30% Volume Cap

NPCI's impending 30% market share cap for third-party UPI apps is set to drastically reshape India's digital payments landscape, challenging the dominance of PhonePe and Google Pay and fostering a more competitive and diversified ecosystem by November 2024.

EXPLAINERS4 min read

India Waives MDR for UPI Under ₹2,000: A Game-Changer for Digital Payments and Small Businesses

The Indian government has officially removed the Merchant Discount Rate (MDR) for UPI and RuPay debit card transactions below ₹2,000, effective January 1, 2020. This significant policy aims to accelerate digital payment adoption across India, making small-value transactions free for merchants and co

INDIA AI WATCH5 min read

UPI's Global AI Leap: Conversational Payments via ChatGPT & Gemini for Indian Diaspora

India's UPI is targeting global expansion, focusing on the Indian diaspora, and exploring cutting-edge agentic AI integration with large language models like ChatGPT and Gemini to enable revolutionary conversational payment experiences.