Wednesday, March 6, 2024

NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google GPay rose almost 6% (Sankalp Phartiyal/Bloomberg)

Sankalp Phartiyal / Bloomberg:
NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google GPay rose almost 6%  —  - Paytm loses usage even before any disruption to its systems  — Services of Walmart, Google capitalize on Paytm's troubles



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CFPB will supervise tech companies offering digital wallets, like Apple Pay, Google Pay and Venmo, by treating companies with 50M+ annual transactions as banks (Paige Smith/Bloomberg)

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