PhonePe marked ten years in India’s fintech ecosystem, celebrating a decade of innovation that has transformed digital payments, expanded financial inclusion, and empowered millions across Bharat.
Tag: UPI
Axis Bank Launches India’s First Gold-Backed Credit Line on UPI via Freecharge
Axis Bank, in collaboration with Freecharge, has introduced India’s first gold-backed credit line on the UPI platform. This innovative offering enables MSMEs, merchants, and self-employed individuals to access instant overdraft facilities against gold, with seamless repayments via UPI and a 100% digital journey.
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%.
UPI Alert: P2P ‘Collect Request’ Feature to Be Discontinued from October 1, 2025
The National Payments Corporation of India (NPCI) has announced the removal of the UPI peer-to-peer (P2P) 'Collect Request' feature starting October 1, 2025, in a bid to curb financial frauds and enhance user security. Here’s what it means for UPI app users.
SBI to Temporarily Suspend UPI Services on August 6 Due to Maintenance
State Bank of India (SBI) has announced that its UPI services will be temporarily unavailable on August 6, 2025, due to scheduled maintenance. Customers are advised to plan their transactions in advance to avoid disruptions.
