Banks rule UPI rails; Bizongo under scanner

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Happy Friday! A small group of banks quietly control most of the money received through UPI. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Meesho files for IPO
■ ISRO tech transfer
■ Luma Fertility fundraise


Four banks bag bulk of UPI beneficiary payments

upi

A small number of banks are quietly dominating the receiving side of the Unified Payments Interface (UPI), India’s preferred retail payments system. Yes Bank leads the pack, with nearly 40% market share, mainly driven by merchant payments.

Driving the news: Yes…



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Banks rule UPI rails; Bizongo under scanner


Happy Friday! A small group of banks quietly control most of the money received through UPI. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Meesho files for IPO
■ ISRO tech transfer
■ Luma Fertility fundraise


Four banks bag bulk of UPI beneficiary payments

upi

A small number of banks are quietly dominating the receiving side of the Unified Payments Interface (UPI), India’s preferred retail payments system. Yes Bank leads the pack, with nearly 40% market share, mainly driven by merchant payments.

Driving the news: Yes…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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