News Analysis India

Tag: UPI

  • HMD 105 and HMD 110 Feature Phones Launched In India With Built-In UPI Feature; Check Specs, Price |

    New Delhi: Nokia phone maker HMD has launched its first HMD-branded feature phones in India. The new feature phone includes the HMD 105 and HMD 110 under its own identity. The company is offering a one-year replacement guarantee on both the newly launched feature phones in the market. 

    UPI Transactions Without Internet

    The HMD 105 and HMD 110 mobile phones are equipped with a new built-in UPI functionality, which is said to allow users to make UPI transactions even without internet access. Both the feature phones come with a similar design, including a round camera module at the back, a curved frame and a textured finish. It also supports 9 input languages and 23 languages for text display.

    HMD 105 And HMD 110 Colour Options

    The HMD 105 comes with three colour options whereas the HMD 110 is offered in Black and Green colour options. 

    HMD 105 And HMD 110 Price And Availability

    The HMD 105 feature phone carries a price tag of Rs 999 in India. Meanwhile, the HMD 110 is priced at Rs 1,199. Consumers can purchase the HMD 105 and HMD 110 feature phones across retail stores, e-commerce websites and HMD.com. 

    HMD 105 And HMD 110 Specifications

    The HMD 105 And HMD 110 handsets are backed by a 1,000mAh battery each with extended standby time. The company claims that the devices offer a battery standby time of up to 18 days. Both the handsets are preloaded with features such as auto call recording, wired and wireless FM radio, MP3 player, dual LED Flashlight, and more. It also houses a rear camera within a circular camera module aligned centrally. 

  • India, Ghana Agree For Early Operationalisation Of UPI On Ghana Interbank Payment Systems |

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  • PhonePe Users Can Now Make Payments Through UPI In Singapore |

    New Delhi: Fintech firm PhonePe on Wednesday said its users can now make payments through UPI in Singapore under a pact signed by the company with The Singapore Tourism Board. The collaboration has been built upon the existing Unified Payments Interface (UPI) linkage between India and Singapore, which allows customers to instantly make cross-border transactions between the two countries directly from their existing Indian bank accounts.

    “Singapore Tourism Board (STB) and PhonePe enter a two-year strategic partnership to promote UPI payments for Indian visitors in Singapore,” PhonePe, a decacorn, said in a statement. (Also Read: ‘You Give More Money To Govt Than Spend On Yourself’: Social Media Post On Income Tax Concerns Goes Viral)

    Privately-held companies with a valuation of over USD 10 billion are termed decacorn. As part of the partnership, STB and PhonePe will invest in joint marketing efforts across India and Singapore, to promote seamless UPI experiences across key tourism hotspots. (Also Read: High-Security Alert For Apple Users! CERT-In Asked To Deploy Immediate Measures)

    “This partnership exemplifies our dedication to enhancing the Singapore visitor experience for discerning, tech-savvy consumers,” STB Chief Executive Officer Melissa Ow said.

    Under the collaboration, Indian travellers can now use the PhonePe app for instant, seamless, and secure payments across over 8,000 merchants in Singapore, enhancing their experience in the island city.

    “Partnering with STB will facilitate ease of transactions for PhonePe users who now can just pay directly from their existing bank account by scanning a QR code when visiting the island city,” Ritesh Pai, Chief Executive Officer, PhonePe, International Business for PhonePe Private Limited, said.

    PhonePe also processes over 230 million daily transactions with an annualised Total Payment Value (TPV) of more than USD 1.5 trillion.

  • Cyber Attack, Data Breach Among Top Risks For Businesses In India: Survey |

    New Delhi: Cyber attacks and data breaches are the top business risks for organisations in India, according to the 2023 Global Risk Management Survey. Cyber attacks and data breaches were placed seventh in the 2021 business risks survey.

    Global professional services firm Aon collected inputs from around 3,000 risk managers, c-suite leaders, treasurers, talent professionals, and other executives from 61 countries and territories to identify the most pressing business challenges. (Also Read: Free Aadhaar Update Deadline Extended: Check List Of Required Documents To Do The Same)

    The biennial survey said that India’s dependency on technology is likely to increase with the widespread adoption of digital infrastructure like the Unified Payments Interface, Aadhaar, and Open Network for Digital Commerce. (Also Read: Poco X6 5G Gets A Significant Price Drop On Flipkart: Check Details)

    “With increasing digitisation, cybercrimes continue to become rampant with costs and complexities associated with such breaches forcing organisations to look at risk mitigation and transfer mechanisms to better manage cyber risks,” the survey noted.

    Business interruption and failure to attract or retain top talent were marked as the second and third biggest risks facing organisations in India, respectively.

    “There is a compelling need for Indian businesses to leverage advanced data analytics and experts to understand and manage the dynamics of integrated risks,” said Nitin Sethi, Chief Executive Officer of Talent Solutions in India at Aon.

    Failure to meet customer needs, rapidly changing market trends, supply chain disruptions, and personal liabilities were marked down the list as other critical challenges for businesses in India.

  • Indian UPI Users Can Now Pay Nepalese Merchants Via QR Codes; All You Need To Know

    It was specified that merchants who are part of the Fonepay Network can now receive UPI payments from Indian customers.

  • Flipkart Launches Its UPI Handle To Boost India’s Digital Economy Vision |

    Bengaluru: E-commerce giant Flipkart launched its Unified Payments Interface (UPI) handle to further enhance its digital payment offerings for all customers, including its 500+ million customer base.

    Empowering Users with Flipkart UPI

    With Flipkart UPI, users can now set up their own UPI handle for online and offline merchant transactions within and outside of the Flipkart marketplace. For a distinctive customer experience, loyalty features such as Supercoins, cashback, brand vouchers, milestone benefits, and more will be offered post the UPI launch.

    Versatile Usage with Flipkart UPI

    On the Flipkart app, Flipkart UPI can be used to pay for any product or service, including e-commerce transactions, Scan and Pay to UPI ID, and recharges and bill payments, the company said in a statement.

    Strategic Partnership: Flipkart and Axis Bank

    In its first phase, Flipkart has partnered with Axis Bank, wherein users can register for UPI with the @fkaxis handle for their digital transactions using the Flipkart app. (Also Read: Infinix Smart 8 Plus Launched With AI Camera Setup In India; Check Price, Specs And Colour Options)

    Vision of Flipkart UPI

    “Recognizing the dynamic digital landscape, the launch of Flipkart UPI seamlessly merges the convenience and cost-effectiveness of UPI with the trusted efficiency customers expect from us,” said Dheeraj Aneja, Senior Vice President – Fintech and Payments Group at Flipkart. “At Flipkart, we are committed to delivering the best-in-class commerce experience to customers by offering safe and convenient payment options along with a wide array of rewards and benefits such as Supercoins, Brand Vouchers, and others.”

    Driving Digital Empowerment

    According to Aneja, “Flipkart UPI underscores our dedication to shaping a digitally-empowered society and reaffirms our role as a leading catalyst in India’s digital evolution.”

    Enhancing Payment Efficiency

    It also introduces one-click and quick functionalities for recharges and bill payments, enhancing overall payment efficiency for the users. With the tagline, ‘India’s Most Rewarding UPI,’ the offering aims to provide customers an intuitive, safe, and convenient digital payment experience through its integrated checkout funnel and a slew of delightful incentives, including the benefit of instant refunds, according to the company.

    UPI’s Growing Landscape

    In 2023, UPI processed over 117 billion transactions worth Rs 182.84 trillion, showcasing a dynamic landscape with participation from banks, payment service providers, and fintech companies, according to reports. (Also Read: Ashwini Vaishnaw’s BIG Statement On Google-Indian Startups Row, Says..)

    Continued Partnership Growth

    “We continue to scale our growth in UPI with partnerships and innovations. Our partnership with Flipkart has come a long way from launching one of India’s most successful co-branded credit cards to now launching the Flipkart UPI service,” said Sanjeev Moghe, President and Head – Cards & Payments, Axis Bank.

    Seamless Transaction Experience

    “Customers can now register for UPI with @fkaxis handle and can do all fund transfers and checkout payments using the Flipkart app. This solution is cloud-hosted and hence provides one of the most stable and scalable UPI platforms for customers,” he added.

  • BHIM Payments App Offers Up To Rs 750 Cashback: Here’s How To Avail It |

    New Delhi: Looking to save some extra cash while making payments? Well, look no further! The BHIM payments app is here with some alluring cashback offers that are bound to make your transactions even more rewarding. With a limited-time offer on the table, users have until March 31, 2024, to grab these deals and enjoy some extra cash in their pockets.

    As we dive into the details, remember that combining two different cashback offers is the key to unlocking the full Rs 750 reward. Let’s break it down for you. (Also Read: Did You Know India’s Youngest Billionaire Is Only 27 Years Old? Know All About Him)

    Flat Rs 150 Plus Rs 600 Cashback Offers: How To Claim?

    For those who enjoy dining out or traveling, the BHIM app is offering a flat cashback of Rs 150. Simply make transactions exceeding Rs 100 for food and travel expenses through the app, and receive a flat Rs 30 cashback each time. (Also Read: Why RBI Taken Action Against Paytm Payments Bank? Check What Governor Shaktikanta Das Says)

    Whether it’s booking railway tickets, taking cab rides, or paying restaurant bills via the merchant UPI QR code, you can earn up to Rs 150 in cashback. Just remember to claim this offer at least five times to unlock the full amount.

    In addition, Rupay credit cardholders can link their cards to the BHIM App and unlock a whopping Rs 600 cashback offer.

    This includes Rs 100 cashback on the first three transactions exceeding Rs 100 each, followed by an extra Rs 30 cashback on the subsequent 10 transactions exceeding Rs 200 each month. Make sure to complete all these transactions to enjoy the full Rs 600 cashback reward.

    1 Percent Cashback On Fuel Payments

    But wait, there’s more! BHIM App is also offering the Urja 1 percent scheme, giving users a flat 1 percent cashback on all fuel payments, be it petrol, diesel, or CNG.

    Moreover, this benefit extends to utility bill payments such as electricity, water, and gas bills, provided the transaction amount is Rs 100 or more. Enjoy the convenience of cashback directly credited to your primary bank account linked to the BHIM app.

    Deadline

    These enticing cashback offers on the BHIM App are available until March 31, 2024.