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Developments in the digital ecosystem today

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem: Funding and revenues Open, a fintech standards and data startup, has raised $5 million in Series A funding from Beenext, Speedinvest and 3one4 Capital. Oyo has raised $100 million from Didi... ...
Tags: Travel, Amazon, Uber, News, Internet, Youtube, Investments, Zomato, Samsung Pay, UPI, TechCrunch, Open, Amazon Prime Video, Oyo, Shemaroo, Digital Payments


Amazon Pay UPI for seamless transactions launched for Android

Amazon has launched the Amazon Pay UPI for Android users. The company has partnered with Axis bank to issue UPI IDs to its customers. It allows customers to link their bank account on their Amazon mobile app and make fast, easy, and secure payments directly from the bank account. Customers can use their Amazon Pay UPI ID to shop on Amazon.in, and also to make payments for their everyday needs including recharges and bill payments without entering bank account or debit card credentials, or goi...
Tags: Amazon, Blogging, UPI, Amazon Pay, BHIM UPI, UPI PIN, Amazon Pay UPI, UPI PIN Customers


MIUI 10 Global Beta ROM brings Mi Pay app

Xiaomi India announced their plans to enter into payment services in collaboration with ICICI Bank and PayU back in December. The company also started registrations for beta testing in December as National Payments Corporation of India (NPCI) had cleared Mi Pay for large group usage. During the launch, the company said that Mi Pay would be integrated within the Contacts, SMS, Scanner apps, as well as App Vault in MIUI and, will be available for all MIUI users soon. [gallery link="file" size="...
Tags: Google, News, Blogging, Bank Account, UPI, Xiaomi India, MIUI, ICICI Bank, National Payments Corporation of India NPCI, MIUI Global Beta, MIUI 10, Mi Pay app, Mi Pay MIUI 10


Q3FY19: SBI’s UPI and YONO banking share up to 11% from 2% a year ago

SBI has reported a net profit of Rs 3,955 crore on the back of domestic credit growth, lower overhead expenses, amongst other reasons. Its operating profit grew by 7.40% YoY from Rs 11,755 crore in the same quarter last year to Rs 12,625 crore in Q3FY19, due to growth in net interest income and low... ...
Tags: Travel, Mobile, News, Internet, Banking, Earnings, Atms, UPI, Debit Cards, SBI, Aadhaar, Digital Payments, BHIM, BharatQR, SBI YONO, YONO


Developments in the digital ecosystem today and what some of them mean

A quick lowdown of the developments in the Indian and international tech and digital ecosystem. PhonePe has partnered with Dream11, a fantasy sports platform, to offer direct UPI payments on the latter. * Oyo is 112% more booked out for 14 February 2019, than it was on the same day last year, Oyo... ...
Tags: Travel, Mobile, Facebook, News, Internet, Linkedin, Zomato, UPI, Oyo, Digital Payments, Phonepe, ETMONEY, CashFree


Digital banking in Q3FY19: ICICI, Kotak Mahindra, Union, Canara and Yes Bank

All numbers for Q3FY19 unless stated otherwise. ICICI Bank: 23 million VPAs; digital transactions and notes ICICI Bank had 23 million VPAs on its own and partner platforms until December 21, 2018. Debit Cards: Total transaction volume: Rs 118.7 million, up from Rs 98.1 million in Q3FY18 Total... ...
Tags: Travel, Mobile, News, Internet, Banking, Earnings, Internet Banking, Credit Card, UPI, Debit Cards, Mobile Banking, Axis Bank, Union Bank of India, ICICI Bank, Aadhaar, Kotak Mahindra Bank


#BigDaily: AI Arms Race; UPI Surprise; PhonePe Raising at $10Bn valuation

Here goes all that you need to read today : the latest news and information. Subscribe to #BigDaily newsletter to stay smart and informed about all important happenings from the digital and tech world. Welcome to #BigDaily, the newsletter from NextBigWhat that brings curated news from the wild web, saving you time and effort. Here goes today’s edition. AI Arms Race: China is rushing to deploy autonomous AI weapons ...
Tags: Google, Twitter, Business, News, China, India, US, Atlantic, United States, Anil Ambani, KKR, Flipkart, UPI, Brexit, Alexa, Paytm


New Study Finds More Post-Surgery Deaths Globally Than From HIV, Tuberculosis and Malaria Combined

schwit1 shares a report from UPI: About 4.2 million people worldwide die every year within 30 days of surgery -- more than from HIV, tuberculosis and malaria combined, a new study reports. The findings show that 7.7 percent of all deaths worldwide occur within a month of surgery, a rate higher than that from any other cause except ischemic heart disease and stroke. "Although not all postoperative deaths are avoidable, many can be prevented by increasing investment in research, staff training, eq...
Tags: Tech, UPI, Dmitri Nepogodiev, Nepogodiev


Nearly All US Teens Short On Sleep, Exercise

UPI reports: Too little sleep. Not enough exercise. Far too much "screen time." That is the unhealthy lifestyle of nearly all U.S. high school students, new research finds. The study, of almost 60,000 teenagers nationwide, found that only 5 percent were meeting experts' recommendations on three critical health habits: sleep; exercise; and time spent gazing at digital media and television... "Five percent is a really low proportion," said study leader Gregory Knell, a research fellow at Universit...
Tags: US, Tech, Dallas, UPI, U S high school, Knell, Gregory Knell, University of Texas School of Public Health


BHIM’s 14M transactions accounted only for 2% of UPI payments in January 2019

The number of transactions on the Bharat Interface for Money (BHIM) UPI app was 14 million for the month of January 2019, down 18% from 17.1 million last month. The total value of the transactions stood at Rs 6,202.5 crore, down 18.3% from Rs 7,589.2 crore in December 2018, according to data... ...
Tags: Travel, Mobile, News, Internet, Finance, Banking, Mobile Payments, Payments, UPI, Digital Payments, NPCI, BHIM, Bharat Interface for Money BHIM UPI


UPI transactions grew 8.5% to 672.8M in January 2019; Rs 109,932.4 Cr transacted

The Unified Payment Interface (UPI) saw an increase of 8.5% in the total transaction volumes taking place between December 2018 and January 2019, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and... ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ in India sell online

In India, startups are quietly building the tools and platforms to enable a different kind of gig economy: one that allows ‘micro-entrepreneurs’ to tap growing access to the internet to sell goods and services online. One such figure helping this burgeoning economy is Instamojo, a seven-year-old Bengaluru-based startup, has pulled in a $7 million Series B as it aims to grow its reach to over one million SMEs and micro-SMEs in India. Founded in 2012 as a side-project, Instamojo offers independ...
Tags: Fundings & Exits, TC, Facebook, Ecommerce, Asia, Southeast Asia, India, Funding, Africa, Tech, Economy, King, UPI, Bengaluru, Paytm, Kalaari Capital


FOMO killer: Developments at Amazon, OnePlus, WhatsApp, Yatra and more

Payments Amazon may soon be able to issue its own UPI handles in partnership with Axis Bank, as the company is reportedly testing the product with a closed user group, according to the Economic Times. It currently accepts UPI payments but cannot issue its own handles. Amazon’s plans to launch... ...
Tags: Travel, Amazon, News, Whatsapp, Drones, Property, Xiaomi, Mergers & Acquisitions, Content, Automobiles, Oneplus, UPI, Mapmyindia, Karnataka, Axis Bank, Economic Times


Universal to Handle eOne Theatrical Distribution in Australia, New Zealand

Entertainment One is to see all its theatrical film distribution operations in Australia and New Zealand handled in future by Universal Pictures International. The new arrangement comes into effect from April. UPI is already handling eOne collaborations with Amblin Partners and Participant Media, including Golden Globe winner “Green Book,” and “On The Basis of Sex.” […]
Tags: Asia, News, Australia, Global, New Zealand, Entertainment One, Eone, UPI, Amblin Partners, Golden Globe, Australia New Zealand, Universal Pictures International


UPI transactions grew to 3,708 million at the end of 2018

The Unified Payments Interface (UPI) saw an extensive growth of 767% in the total transaction volume, taking its number to 3,708 million in 2018 from 427.5 million in 2017, according to data published by the National Payments Corporation of India (NPCI). In addition, 17% of UPI transactions carried... ...
Tags: Travel, News, Finance, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


620 million transactions for UPI in Dec 2018

UPI recorded 620 million transactions in Dec 2018 and 1,02,594 crores value – just alone in Dec, 2018.   129 banks accept UPI and the transaction volume in Dec 2018 increased by 18% (thanks to discount season?).     MoreThe post 620 million transactions for UPI in Dec 2018 appeared first on NextBigWhat..
Tags: Business, UPI, Digitalindia


Xiaomi launches Mi Pay in India; Deeply integrated with MIUI

Xiaomi has launched its payment service, Mi Pay in India. Supported by ICICI Bank and PayU, Mi Pay enables you to make payments using UPI, debit cards, credit cards, and Internet Banking. You’ll also be able to make payments for several utilities with Mi Pay such as phone bill/recharge, DTH recharge, water bill, electricity bill, […] MoreThe post Xiaomi launches Mi Pay in India; Deeply integrated with MIUI appeared first on NextBigWhat..
Tags: Business, India, Tech, Xiaomi, UPI, ICICI Bank


FIRST STEP Act approved by US House by vote of 358 to 36, will become law as soon as Prez Trump signs!!

As reported in this UPI piece, the US House of Representatives "overwhelmingly approved a bill overhauling the country's criminal justice system Thursday, sending the legislation to President Donald Trump's desk for a signature." Here is more: The chamber approved the First Step Act with a 358-36 vote two days after the Senate passed it by a similar margin of 87-12. Lawmakers expect Trump to sign the legislation into law Friday. The House approved a different version of the legislation earlier ...
Tags: Law, Congress, Senate, US, Gop, House, Ted Cruz, House Of Representatives, Paul ryan, Mitch McConnell, Bill, Donald Trump, UPI, Trump, Criminal Justice Reform, DOP


Xiaomi introduces Mi Pay mobile payment solution in India

Xiaomi has introduced Mi Pay mobile payment solution in India supported by ICICI Bank and PayU. The company today started registrations for beta testing as National Payments Corporation of India (NPCI) has cleared Mi Pay for large group usage. The company said that Mi Pay would be integrated within the Contacts, SMS, Scanner apps as well as App Vault in MIUI and will be available for all MIUI users soon. It added that at launch, Mi Pay will support all leading credit cards and debit cards, ...
Tags: Google, News, India, Blogging, Xiaomi, UPI, ICICI Bank, National Payments Corporation of India NPCI, UPI PIN, Mi Pay, Xiaomi Mi Pay


Elementary students assigned elf murder case

When eight- and nine-year-old students at Hyde England's Flowery Field Elementary School walked into class last week, they were confronted with a crime scene. Behind the police tape was chalk outline of an elfin figure and a desk smeared with blood. Their assignment? Solve the mystery of the murdered elf. Apparently it was a writing exercise. And surprise! Some parents were pissed. "My daughter came home and she was absolutely traumatized," one parent said. "I'm not the only parent who felt li...
Tags: Post, Crime, News, Education, Teaching, Detectives, Criminals, UPI, Elementary School, Fell, Hyde England, Flowery Field Elementary School, Ian Fell


Updated: Truecaller Pay onboards Bharat Billpay, to go live in December

Update on December 4: Truecaller Pay: user metrics  Less than 25% of the user base comes from the top 6 cities. According to Sony Joy, VP of Payments at Truecaller, the payments user base demographics are slightly different from the other UPI services whose large chunk of users are usually based in... ...
Tags: Travel, Mobile, News, Internet, Sony, UPI, Truecaller, Digital Payments, NPCI, Truecaller Pay, Bharat Bill Payments System


IRCTC bookings now available within PhonePe

PhonePe now has the IRCTC as a micro-app within its own app. In August, PhonePe had partnered with the IRCTC to make PhonePe available as a payment option on the IRCTC Rail Connect Android App. PhonePe users can now book railway tickets directly from the app, and pay via UPI, credit & debit... ...
Tags: Travel, Mobile, News, Internet, Flipkart, UPI, Indian Railways, Digital Payments, IRCTC, Phonepe


Truecaller Pay onboards Bharat Billpay, to go live in December

Truecaller’s UPI service Truecaller Pay will go live with the Bharat Bill Payments System in early December, reports Mint. The app has already begun testing the feature with 54 billers and will go live with all the billers soon. MediaNama has reached out to Truecaller for more details and... ...
Tags: Travel, Mobile, News, Internet, UPI, Truecaller, Digital Payments, Medianama, NPCI, Truecaller Pay, Bharat Bill Payments System, Bharat Billpay


Razorpay offering a $2 million ESOP buyback by Tiger Global

By Nikhil Cariappa Bangalore based payments company Razorpay has implemented its first ESOP buyback plan for its employees. 140 employees are eligible to participate in this round and will be able to sell up to 33% of their stake in the company. Tiger Global, one of Razorpay’s institutional... ...
Tags: Travel, Y Combinator, News, Tiger Global, UPI, Tiger Global Management, Mastercard, Matrix Partners, ESOP, Digital Payments, RazorPay, Payment Gateway, ESOPs, Nikhil Cariappa Bangalore


BHIM’s 18.3M transactions accounted only for 4% of UPI payments in October 2018

The number of transactions on the Bharat Interface for Money (BHIM) UPI app was 18.3 million for the month of October 2018, up from 16.3 million last month. The total value of the transactions stood at Rs 8,206 crore, up 16% from Rs 7,064.9 crore in September 2018, according to data provided by the... ...
Tags: Travel, Mobile, News, Internet, Finance, Banking, Mobile Payments, Payments, UPI, Digital Payments, NPCI, BHIM, Bharat Interface for Money BHIM UPI


UPI transactions grew 19% to 482.4M in October 2018; Rs 74,978.3 Cr transacted

The Unified Payment Interface (UPI) saw an increase of 18.8% in the total transaction volumes taking place between September and October 2018, according to data published by the National Payments Corporation of India (NPCI). The NPCI is a private company owned by Indian banks and owns and operates... ...
Tags: Travel, News, Finance, Digital, Banking, Payments, Fintech, UPI, Digital Payments, NPCI, National Payments Corporation of India NPCI


Axis Bank processed 122M UPI transactions, market share down 2% in Q2FY19

Axis Bank processed over 122 million UPI transactions during the quarter ended September 30, 2018. It claims to have a market share of 8% on the platform. This is significantly higher from around 79 million UPI transactions reported last quarter, although it then claimed a market share of 10%. The... ...
Tags: Travel, Mobile, News, Internet, Banking, Earnings, UPI, Mobile Banking, Axis Bank, Digital Payments, Freecharge, Earnings Sept-18


CNCO, Daddy Yankees Top Latin American Music Awards 2018

CNCO, Ozuna and Daddy Yankee were the big winners at the Latin American Music Awards 2018 at the Dolby Theatre in Hollywood last night. CNCO took home Favorite Duo or Group, Favorite Artist – Pop and Favorite Artist – Pop for CNCO. Ozuna won Favorite Artists – Urban, Album of the Year and Favorite Album – Urban for Odisea. Daddy Yankee won Favorite Male Artist and was honored with the ICON award, according to UPI. Christian Nodal won Favorite Artist and Favorite Album for the region of Mexi...
Tags: Music, Hollywood, Mexico, UPI, Music Business, Conventions & Awards, Latin, Indie Labels, Major Labels, Bruce Houghton, Gloria Trevi, Ozuna, Maluma, Anitta, Sebastian Yatra, CNCO Daddy Yankees


ICICI Bank’s virtual addresses on UPI increase by 36% QoQ to 21 million

ICICI Bank has 21 million virtual payment addresses (VPAs), which were generated on its mobile applications at the end of the quarter ended September 30, 2018 (Q2FY19). This is an increase of 5.6 million VPAs over last quarter, a percentage increase of 36%. The VPAs were created through iMobile... ...
Tags: Travel, Mobile, News, Internet, Earnings, UPI, ICICI Bank, Digital Payments, Earnings Sep-18


YES Bank UPI transactions doubled to 290M in Q2FY19

YES Bank, the bank partner for Flipkart-backed PhonePe’s UPI service, processed 290 million UPI transactions this quarter (Q2FY19). The 290 million transactions amounted to Rs 470 billion. The number of transactions has more than doubled from the last quarter when the bank processed 140... ...
Tags: Travel, News, Earnings, Payments, Flipkart, UPI, Aadhaar, Digital Payments, Yes Bank, Phonepe, AEPS, Earnings Sept-18, Bank UPI