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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, 12:18 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, 06:48 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.

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Fintech Highlights

  1. Go Digit's Q1FY27 net premium up 7.4% to Rs 2,094 crore, profit falls 37.5%

  2. InCred Finance FY26 revenue from operations up 36% to Rs 2,546 crore

  3. NeuralKart bags seed funding led by Inflection Point Ventures

  4. Zaggle to invest in cross-border payments company Unobanc

  5. Turtlemint FY26 revenue up 57% to Rs 1,098 crore

  6. Read more news...

AI/Emerging Tech

  1. BusinessNext raises Series C funding led by ServiceNow Ventures at $700 mln valuation

  2. Fractal Q1 FY27 revenue rises 20% to Rs 913 crore, profit jumps 92%

  3. FireAI raises fresh funding from existing investor SucSEED

  4. Thinking Machines Lab launches its first AI model Inkling

  5. SwitchOn secures pre-Series B funding led by IvyCap Ventures

  6. Read more news...

IPO Tales

  1. Zepto IPO: Can this cash-hungry quick commerce model turn profitable?

  2. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  3. Shiprocket IPO: A profitable core, costly emerging bets

  4. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  5. Read more news...

Money & Machines

  1. Money & Machines: Ashneer Grover’s third attempt at Third Unicorn; Rise of AI-powered travel

  2. Money & Machines: (UPI) Zero for Whom?; The Sovereign AI Dilemma

  3. Money & Machines: Regulating crypto without regulating crypto; iMerit's human edge

  4. Money & Machines: Pricing Razorpay; Where is Indian PE in AI?

  5. Previous editions...

PE/VC Tales

  1. Inside the fintech bets of Blume Ventures

  2. There's much more to AI than just agentic AI: Inflexor's Harsha Mundhada

  3. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  4. Micro VCs: Fueling India's startup pipeline or distorting it?

  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]

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