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Showing posts with label PhonePe. Show all posts
Showing posts with label PhonePe. Show all posts

Sunday, December 24, 2023

🌟 No Excuse Left: Ayodhya Beckons as NPCI Launches UPI Tap n Pay on Day 28 of PM Modi's 30-Day Challenge

 🌟 🌟 🌟 🌟 🌟 Seizing the Moment: A golden opportunity awaits Paytm and PhonePe to introduce the transformative UPITAP & PAY channel in Ayodhya. The city is poised for a digital transaction surge, and it's time for other participants to join the revolution.

 


🚀 Taking the Leap: Who will be the pioneer? NPCI BHIM has already set the stage with UPITAP & PAY. Now, it's an open call for innovative steps forward.

 

📜 NPCI Circular Alert: Circular no NPCl/UPl/OC No.186/2023-24 dated 19th December 2023 addresses all members of Unified Payments Interface (UPI). The subject: Introduction of UPITAP & PAY mode of payments.

 

🔍 Exploring New Horizons: The circular marks a significant shift toward modern payment solutions, urging all UPI members to embrace the UPITAP & PAY mode. The message is clear — it's time to usher in a new era of seamless, tech-driven transactions.

 

In the wake of Ayodhya's momentous occasion—the inauguration of the Ram Temple—digital payments are emerging as a transformative force, revolutionizing the way transactions occur in the city.

As the residents and merchants of Ayodhya embrace the convenience of digital payments, companies like Paytm and PhonePe are presented with a golden opportunity to introduce cutting-edge features like UPITAP & PAY, ushering in a new era of seamless financial transactions.

 

The National Payments Corporation of India (NPCI) has set the stage for this transformation through its circular introducing UPITAP & PAY, a forward-looking initiative designed to enhance the speed and security of transactions.

This new mode of UPI transactions leverages Near Field Communication (NFC) technology, providing users with a swift and secure means of making payments.

The guidelines outlined in the circular emphasize the importance of mobile devices with NFC capability, reinforcing the commitment to technological innovation in the payments landscape.

 

Ayodhya's local vendors, from boatmen along the Sarayu river to sellers at Hanuman Garhi, are already reaping the benefits of QR-code based digital payments.

The simplicity and efficiency of UPI transactions have significantly eased the financial transactions of both merchants and consumers.

The forthcoming introduction of UPITAP & PAY promises to elevate this experience further, offering a level of convenience that aligns seamlessly with the demands of modern life.

 

As the city readies itself for the influx of devotees and visitors during the consecration ceremony of the Ram Temple, the need for a robust digital infrastructure becomes paramount.

The Viksit Bharat Sankalp Yatra, aimed at spreading awareness about government schemes, complements the surge in digital payments.

 

 

Ayodhya is poised to become a symbol of a modern, tech-savvy city while preserving its cultural and religious heritage.

The announcement of Amrit Bharat Express and Vande Bharat trains adds another layer to Ayodhya's digital transformation.

These initiatives promise enhanced connectivity, making travel more accessible for both residents and visitors.

As the city becomes a focal point for cultural and religious events, the integration of digital payment solutions ensures a seamless and efficient experience for everyone involved.

In anticipation of the surge in visitors, Ayodhya is investing in the construction of tent cities equipped with modern amenities.

These cities, along with the inauguration of the Ayodhya airport, showcase the city's commitment to embracing the future while maintaining its rich cultural legacy.

It is in this dynamic environment that Paytm, PhonePe, and other stakeholders have the chance to contribute significantly to Ayodhya's digital revolution.

Collaboration among these stakeholders is crucial to the successful implementation of UPITAP & PAY.

By embracing the latest UPI technologies, Ayodhya has the potential to become a shining example of a digitally empowered city, seamlessly blending tradition with innovation.

The convergence of ancient heritage and cutting-edge technology in Ayodhya exemplifies a progressive, inclusive approach, setting the stage for a truly transformative experience for residents and visitors alike.

**Paving the Way for Safe ePayments: Declaring Safe ePayDay! ** 🚀

In the vast realm of digital transactions, the spotlight is now on declaring a special day — Safe ePayDay / Safe ePayments Day! 💳✨

 

🚀 The countdown has begun, and the day is fast approaching when we'll join together in a global celebration of Safe ePayDay.

🌍✨ Imagine a day dedicated to promoting secure, seamless, and responsible electronic transactions, uniting individuals, and businesses alike.

 

Stay tuned for the momentous occasion when we collectively recognize and applaud the significance of secure ePayments in shaping a trustworthy financial landscape. 🎉💼

Let's usher in the era of Safe ePayDay, a day where we celebrate the reliability and resilience of electronic payment systems worldwide! 🌐💳 #SafeePayDay #DigitalTrust #SecureTransactions 🚀

 

 

📢 Disclaimer: These are my personal views only.

🌐 The focus is declaring a Day as Safe ePayDay / Safe ePayments Day.

🚀 Yes, the day is not far off when there will be a celebration of Safe ePayDay / Safe ePayments Day.

Copyrights if any, belong to the original copyright holder only.

 

Additional Readings:

💳✨ Happy RuPay Credit Card User Shares Positive Vibes! ✨💳** @ https://prashantnepayments.blogspot.com/2023/11/happy-rupay-credit-card-user-shares.html

PM Modi Urges Exclusive Use of UPI on Mann Ki Baat: A Month Dedicated to Digital Payments @

https://prashantnepayments.blogspot.com/2023/11/pm-modi-urges-exclusive-use-of-upi-on.html

 

 

 

 

Saturday, November 4, 2023

PhonePe – When will you enable UPI Via RuPay Credit Cards at your merchants?

 PhonePe – When will you enable UPI Via RuPay Credit Cards at your merchants?




**Revolutionizing Payments with RuPay Credit Cards on UPI**

In today's fast-paced digital age, seamless and secure payment solutions have become essential for both consumers and merchants. RuPay Credit Cards on UPI are set to transform the credit card experience, offering a host of benefits to users and businesses alike.

          "Unlocking the Benefits of Linking RuPay Credit Cards with UPI"

Discover how to link your RuPay credit card for UPI payments on PhonePe with these simple steps:

1. Start by tapping your profile picture on the PhonePe app's home screen.

2. Navigate to 'RuPay Cards on UPI' in the payment settings section.

3. Select the bank that issued your RuPay credit card and tap 'Proceed to Add.'

4. Enter the last 6 digits of your card number and set your UPI PIN.

5. Verify by entering the OTP sent to your registered number.

6. Choose a new UPI PIN (4 or 6 digits).

7. Re-enter the UPI PIN for confirmation.

However, please note that while these steps facilitate the linking process, PhonePe has not yet enabled RuPay Credit Cards for offline merchant transactions.

PhonePe's Business Solutions for Offline Merchants: Join the 3.5 crore stores already benefitting from PhonePe's innovative payment solutions. Whether you run a small kirana store or manage a large supermarket or showroom, PhonePe has you covered.

          PhonePe's mission is to make life easier through seamless cashless transactions, and PhonePe is dedicated to tailoring a wide range of payment solutions to fit merchants' unique business size and sales volume.

 

Yet, the lingering question remains: Why hasn't PhonePe enabled RuPay Credit Cards for its offline merchants?

 

Additional Reading: PhonePe becomes first payment app to link 2 lakh Rupay credit cards to UPI dt:May 25, 2023 @ https://www.cnbctv18.com/personal-finance/phonepe-becomes-first-payment-app-to-link-two-lakh-rupay-credit-cards-to-upi-16767201.htm

Link to my blog @ https://innovationinbanking.blogspot.com/2023/11/request-to-lulu-hypermart-unlock-power.html

 

Disclaimer: I'm solely focused on promoting the joy of Safe ePayments through UPI, without any affiliation to specific UPI payment apps.

Let's grow the ecosystem together.

  

 

 

Sunday, September 5, 2021

PhonePe Pulse – Please add these 7 features

 PhonePe Pulse – Please add these 7 features

 

          PhonePe Pulse is slowly gaining a dedicated following amongst digital transaction enthusiasts

The first edition of PhonePe Pulse released on 2nd September 2021 mentions interesting facts about digital transactions across India.

          The output consists of PhonePe user’s interaction on PhonePe App.

          PhonePe has invited feedback / suggestion for the future episodes of PhonePe Pulse @ pulse@phonepe.com

          The more feedback is received by PhonePe Pulse team, the more interesting will future editions be.



          So, go ahead, and share your feedback / suggestions with PhonePe Pulse Team.

PPF1) Partner State – There are 28 states and 8 Union Territories = 36 i.e 1 each for 3 years. PHONEPE PULSE can choose one partner state/ union territory every month dedicating at least 20% of its monthly coverage

PPF2) Monthly Theme – PHONEPE PULSE landing page displays 5 categories i.e

  • Peer-to-peer payments
  • Merchant payments
  • Recharges & Bill Payments
  • Financial Services
  • Others

I am taking the liberty of bifurcating Recharges and Bill Payments.

This means total 6 categories

Every month the PHONEPE PULSE edition to choose 1 category and dedicate at least 20% of its monthly coverage

This way each category will be in focus twice in a year

 

PPF3) Live Counter of eTransactions across PhonePe App – A great example is Government’s etaal (Electronic Transaction Aggregation & Analysis Layer) @ https://etaal.gov.in/etaal2/auth/default.aspx#

This Live Counter is a great way to attract eyeballs to PHONEPE PULSE interactive website.

This way Digital Transaction enthusiasts need not for the next edition of PHONEPE PULSE. As more and more internet users start interacting with PHONEPE PULSE, customization can be provided to a select set of visitors.  

PPF4) Separate Categories for Recharges and Bill Payments – Recharges and Bill Payments are completely different. It will be great if the recharges and bill payments are segregated. Each is a unique category and deserves its place under the sun. A sub-category can be BBPS and Non-BBPS. This I will explain in the near future.

Recharges – Bifurcation apart from the standard i.e State / District / Pincode

a)    Payment Mode

b)    Telecom Operator  

c)    Average Recharge

d)    Time Slots i.e 6am to 12 noon and so on

e)    Recharge for own number / other numbers

PPF5) Multi-Lingual – Page 27 of the 1st edition of PHONEPE PULSE mentions about "122 major languages and 234 identifiable mother tongues". So, it would be great if the PHONEPE PULSE site is multi-lingual both our local languages as well as foreign languages.

This will be helpful for digital enthusiasts residing in Tier III to Tier VI cities across the world to explore the Magic of Safe Payments in India.

PPF6) Short Interviews of Unique users –

Quote

Going where the road takes him - 75 petrol pumps - A PhonePe user transacted at a whopping 75 petrol pumps, across 13 states in 2020!

Ever essential groceries! -350+ payments - A grocery store in Ahmedabad, accepted 10,000+ digital payments in May '21 - over 350 payments a day!

Unquote

What motivated the PhonePe user to transact at over 75 petrol pumps via the PhonePe App!!!

What is the next target of the Ahmedabad Grocery Stores – Over 500 digital transactions per day?

What motivated the first merchant in a village/ town with less than 3,000 /5,000 population to accept payments via PhonePe App?

 

PPF7) Success / Failure rates, Transactions day wise, hour wise –

A)   UPI __ Success / Failure rate in a day, during a particular time slot, categories i.e P2P, P2M, Auto pay etc

B)   Cards __ Success / Failure rate in a day, during a particular time slot,

C)    Wallets __ Success / Failure rate in a day, during a particular time slot,

 

The next set of 7 will be released soon.

 

References: https://www.phonepe.com/pulse/

PhonePe launches the "Pulse" of Digital Payments, India's first interactive geospatial website @ https://www.prnewswire.com/in/news-releases/phonepe-launches-the-pulse-of-digital-payments-india-s-first-interactive-geospatial-website-888262738.html

 

PhonePe opens transactional data firehose @ https://www.finextra.com/pressarticle/89147/phonepe-opens-transactional-data-firehose/retail

 

 

          

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The thoughts in this BLOG are personal, and reflect only my view on the subject.
This are not the views of my Employers.
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All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant