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UPI usage soars, but Paytm share sinks

Thursday, August 8, 2019, 9:48 AM

Paytm saw a sharp decline in Unified Payments Interface (UPI) transactions in July, according to three people in the know of the matter, as the Noida-based digital payments leader ceded market share to Google Pay and PhonePe. Overall UPI transactions, however, showed a jump last month, emerging as a preferred mode for small-value retail digital payments.
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Is Truecaller Linking To Your Bank Account Without Permission?

Tuesday, July 30, 2019, 8:41 PM

In a nightmare for thousands of Truecaller users in India, a so-called bug automatecally created their UPI accounts with the ICICI Bank without their consent, triggering panic and hacking fears. Swedish call-blocking app Truecaller on Tuesday said that a bug in the latest update of the app automatically linked unspecified Indian users' bank accounts to its payments service Truecaller Pay without their consent.
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Paytm logs more transactions than UPI-based apps in June

Wednesday, July 3, 2019, 6:05 PM

Digital payments platform Paytm on Wednesday said it had registered over 70 crore transactions in June 2019, more than the total transactions done by all UPI-based payment applications, including Amazon Pay, Google Pay, Whatsapp Pay and Phonepe. Paytm has already announced its plans to move away from incentivising P2P transactions and commit the same money towards achieving growth in offline merchant payments.

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