Tata Digital-owned bigbasket partners OpenAI, NPCI, and Razorpay to pilot conversational grocery shopping with in-chat UPI payments Tata Digital-owned grocery platform Bigbasket has become the first Indian company to enable conversational quick commerce through ChatGPT’s new Unified Payments Interface (UPI) integration, allowing users to search, select and purchase groceries directly within the ChatGPT interface. […]
India’s UPI network goes AI as ChatGPT trial enables seamless digital transactions with Razorpay and OpenAI
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 […]
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 […]
Paytm is likely to partner with Axis Bank, HDFC Bank, State Bank of India and Yes Bank for processing transactions via the popular unified payments interface (UPI), news agency Reuters reported. The central bank has asked Paytm Payments Bank, the banking unit of Paytm to wind down its business by 15 March, leading to disruption […]
The Unified Payments Interface (UPI) has shattered records by processing over 100 billion transactions, as revealed by data from the National Payments Corporation of India (NPCI). Operating alongside other payment processing infrastructure, UPI witnessed 54 per cent year-on-year (YoY) growth in transaction volume and 42 per cent surge in transaction value for December 2023. The […]
India is getting digitally active. As per the data of the National Payments Corporation of India (NPCI), that manages real time payment platform UPI, August was a prosperous month for the Unified Payments Interface. UPI crossed 10 billion transactions in a month for the first time in August. According to the data till 30 August, […]
