Tier 3 Surge, Stores Drive Festive Ecommerce Shift, Says Fynd
Fynd’s Festive Report 2025 shows Tier 3 demand and store-led fulfilment reshaping India’s festive e-commerce landscape.
E-commerce & Marketplaces
Companies
News
Simpl Integrates With Zepto Pass, Offering Seamless Payments
- by BW Retail World Bureau
- April 10, 2024
In a strategic move aimed at enhancing convenience and rewarding customers, Simpl, the mobile-first buy now pay later (BNPL) platform, has expanded its one-tap checkout service on Zepto, a quick commerce startup, to include the latter’s membership programme, Zepto Pass. This expansion comes hot on the heels of Simpl’s recent integration with Zomato, demonstrating its […]
Feature
Finance
Government
News
RBI’s New Feature Will Enhance Digital Transactions
- by Poonam Singh
- April 10, 2024
The financial industry supported this move and said it is a progressive step to boost the adoption of interoperable cash deposits Launched in 2016, India’s UPI payment has become an essential part of every individual, especially for retail digital payments in India, and its adoption has noticed rapid growth. Keeping its huge progress in mind, […]
Finance
National
News
UPI Drives India’s Mobile Wallet Boom, Market Set To Reach $6.4 Tn By 2028
- by BW Retail World Bureau
- April 9, 2024
Data analysis firm GlobalData reports a significant surge in India’s mobile wallet market, with the unified payments interface (UPI). Their report highlights a robust 72.1 per cent compound annual growth rate (CAGR) in the value of mobile wallet payments between 2019 and 2023, reaching Rs 202.8 trillion (USD 2.5 trillion) by 2023. This growth is […]
Government
National
News
Retail
RBI Proposes Cash Deposits Via UPI, Expands Digital Payments Scope For Retail
- by BW Retail World Bureau
- April 5, 2024
The Reserve Bank of India has proposed cash deposits in banks through the Unified Payment Interface (UPI) mechanism. RBI has also proposed making UPI payments through Prepaid Payment Instruments (PPI) wallets. Announcing the monetary policy outlook, RBI Governor Shaktikanta Das said, “Deposit of cash through Cash Deposit Machines (CDMs) is primarily being done through the […]
Finance
National
News
UPI Transactions Surge 56% In India, Leaving Card Payments In Dust
- by BW Retail World Bureau
- April 4, 2024
The latest report from Worldline has unveiled divergences in the trajectories of digital transactions in India. While UPI transactions have surged by 56 per cent year-on-year (YoY) in H2 2023, card transactions saw a modest growth of 6 per cent. Startling revelations have emerged regarding the digital payments landscape in India for the latter half […]
Finance
National
News
UPI Transactions Hit Rs 18.2 Lakh Cr In February
- by BW Retail World Bureau
- March 21, 2024
Payments through digital means in India are hitting fresh highs, as its citizens are increasingly adopting the emerging modes of transacting on the internet. In February, transactions worth Rs 18.2 lakh crore were made through Unified Payments Interface (UPI) with a staggering 122 crore number of transactions. The transactions made last month through the popular […]
Brands
Companies
Finance
Government
News
Paytm Gets Approval To Function As UPI Third-Party App Provider
- by BW Retail World Bureau
- March 15, 2024
The National Payments Corporation of India (NPCI) has on Thursday approved One97 Communications (OCL), which operates popular fintech company Paytm, to participate in UPI as a Third-Party Application Provider (TPAP) under the multi-bank model. Four banks (Axis Bank, HDFC Bank, State Bank of India, YES Bank) shall act as PSP (Payment System Provider) banks to […]
Brands
Companies
News
Over 2.25 Bn Products Shipped Across 23 Million Orders: Udaan
- by BW Retail World Bureau
- March 5, 2024
Udaan, a major B2B ecommerce player, shipped over 2.25 billion items in over 23 million orders in fiscal year 2023, according to a press release on Tuesday. Udaan claimed to sell approximately 10 lakh tonnes of basic items (fresh, FMCG, staples, and pharmaceuticals) and over 70 million discretionary products (electronics, general merchandise and lifestyle). According […]
Finance
National
News
UPI Accounts For Nearly 80% Of Digital Payments In India: RBI Governor
- by BW Retail World Bureau
- March 5, 2024
The share of UPI in digital payments in India has reached close to 80 per cent in 2023, informed Reserve Bank of India (RBI) Shaktikanta Das on Monday, as he outlined the growth of the payments ecosystem in the country. Addressing the Digital Payments Awareness Week organised by the Reserve Bank of India, the RBI […]