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UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

10 Jan 2025, 00:18 AM

The market share of the Vijay Shekhar Sharma-led fintech further plummeted to 6.87% in the month of December.

NPCI extends 30% UPI volume cap by two years; removes user limits for WhatsApp Pay

NPCI extends 30% UPI volume cap by two years; removes user limits for WhatsApp Pay

02 Jan 2025, 18:48 PM

Last year, The Head and Tale reported that NPCI was facing difficulty in implementing the 30% cap on UPI market share; and the market was going to miss the December 2024 deadline too.

Fintech Highlights

  1. UPI transactions hit record 19.47 billion in July

  2. Shark Tank startup Plus Gold shuts shop

  3. Software engineer held in connection with $44 million CoinDCX crypto hack

  4. PB Fintech revenue slips sequentially to Rs 1348 crore in Q1 FY26

  5. MobiKwik's Q1 FY26 revenue falls 21% yoy amid financial services slowdown
  6. Read more news...

AI/Emerging Tech

  1. Google rolls out Deep Think for Gemini app

  2. SiMa.ai raises $85 million led by Maverick Capital

  3. AI startup Anaconda raises $150 million in Series C led by Insight Partners

  4. India, China fuel Asia’s GenAI app downloads to 684 million in H1 2025

  5. Thinking Machines Lab employees rebuff Meta's offer as high as $1 billion
  6. Read more news...

Editor's Pick

  1. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

  2. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

  3. RBI vs Government: The battle over India’s digital payments ecosystem explained