PhonePe introduces biometric authentication for UPI transactions up to ₹5,000, allowing users to pay securely using fingerprint or face recognition without entering a UPI PIN.
Tag: fintech India
Bank of Baroda Wins Five Honours at IBA’s 21st Annual Banking Technology Awards 2025
Bank of Baroda has been recognised for excellence in technology and innovation at the Indian Banks’ Association’s 21st Annual Banking Technology Awards 2024–25, securing four category wins and a Special Mention among large banks.
HDFC Bank Integrates Digital Rupee (e₹) into SmartGateway Payment Platform
HDFC Bank has integrated the Reserve Bank of India’s Central Bank Digital Currency, the Digital Rupee (e₹), into its SmartGateway platform, enabling merchants to accept zero-cost, secure, and sovereign-backed digital payments alongside UPI, cards, and net banking.
UPI Crosses 20 Billion Monthly Transactions for the First Time in August 2025
Unified Payments Interface (UPI) has set a historic record, crossing 20 billion transactions in a single month for the first time in August 2025. This milestone underlines India’s rapid digital payments adoption and global leadership in fintech innovation.
UPI Market Share in July 2025: PhonePe Leads the Digital Payments Race
In July 2025, PhonePe extended its dominance in the UPI ecosystem with a commanding 46.7% market share, followed by Google Pay at 36.2%. Paytm held 7.1%, while other players accounted for the remaining 10%.