Paytm is India’s largest mobile payments platform, widely known for its mobile wallet and less so for its recently-launched payments bank. Yet, there’s a twist in the tale: mobile wallet transactions are slowing, UPI-supported payment platforms are fast emerging as the gold standard in mobile payments. This made UPI compelling for companies waiting to enter the mobile payments game—increasing, in turn, the competition in the space. The battle of mobile payments has shifted to UPI. Some of the other things that Google is working on is to take mobile payments beyond UPI.

Source: Mint January 23, 2018 03:00 UTC