PhonePe

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Automotive, EVs & Mobility Just now (07:06 PM IST)

India’s UPI Fee Shift Could Cement PhonePe and Google Pay’s Lead

India’s new merchant fee regime for UPI transactions above Rs 2,000 is poised to deepen the moat around the country’s largest payment apps, with Bernstein estimating PhonePe and Google Pay could together generate about $900 million annually by March 2028. The policy may also accelerate expansion into rural markets, while nudging smaller rivals toward higher-value transactions and thinner niches.

By RDU Global Wire4 min read

Automotive, EVs & MobilityJust now (05:31 PM IST)

PhonePe Extends UPI to 220 Million Feature-Phone Users as India’s Digital Payments Push Goes Offline

PhonePe has announced support for UPI 123Pay on feature phones, widening access to India’s instant payments network for users without smartphones or internet connectivity. The move, unveiled at the Global Fintech Fest 2026 in Mumbai, targets more than 200 million Indians still using basic handsets and could deepen the reach of digital payments into rural and low-income markets.

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Co-Occurring Entities

Entities frequently referenced alongside PhonePe:

India(2)New Delhi(1)Mumbai(1)Lava(1)itel(1)HMD(1)