In September this year, UPI became the preferred payment mode, overhauling cards at 45%. We at Razorpay analyzed UPI transactions on the platform.
With the internet, online commerce and digital payments, the subscription business model in India is now moving online.
UPI becomes the preferred mode for Bangaloreans for online payments, after cards. A 3% usage increase in August takes it to 40.78% – closer to the plastic czar (44.10%)
RBI’s e-mandate move will allow consumers to use their cards, including debit cards, to make recurring payments of up to Rs 2,000.
Businesses using Razorpay can give their consumers the option to pay through EMI without a credit or debit card.
We, at Razorpay, make it easier for you to focus on building great products while we work on simplifying your end-to-end payments.
Google Pay is the preferred choice of customers to make UPI payments, followed by PhonePe and Paytm.
With Instant Refunds, Razorpay tries to deliver the refund in the fastest possible time-frame to your end customers.
Facebook revealed Libra, a cryptocurrency, along with a consortium of 27 partners and associations earlier. Libra was conceptualised around a mission – to enable a simple global currency infrastructure that empowers billions of people.
This is the second edition of The Era of Rising Fintech report. In this report, we talk about how Indian consumers transact digitally and analyse how much of a difference fintech has made in the financial sector.