EY [102], Cross border digital payment service provider Liquid Group signed memorandum of understanding (MoU) with NIPL in September 2021 to introduce UPI based QR code payment system in Singapore, Malaysia, Thailand, Philippines, Vietnam, Cambodia, Hong Kong, Taiwan, South Korea, and Japan from 2022. RBI Grade B Recruitment 2022 For 294 RBI Grade B DR, Amazon Recruitment 2022 | Automation Analyst | Work from Home, Capgemini Recruitment 2023 Contact Support|Apply Now, Binance Recruitment 2023 Java Development Intern| Apply Now, Rockwell Automation Recruitment |Software Engineer |Apply Now, PhonePe off-campus | Software Engineer | Latest Job Update, Oracle Off Campus 2022 | Technical Analyst | Bengaluru | Apply Now, EY Recruitment 2022 | Sharepoint Developer | Gurgaon| Apply Now, Wipro WILP 2023 Recruitment Drive For Freshers | Latest Job Update | Full Time, Highest qualification should be B.E / B.Tech / M.E / M.Tech / MCA, Only shortlisted candidates will be invited for the assessment/selection process, The selection process will be done in virtual mode, Candidates will be responsible for arranging the required infrastructure for appearing for the selection process which will be conducted online, Good Communication- Verbal and Non Verbal skills, Ability to interact with cross-functional teams. It is used on mobile devices to instantly transfer funds between two bank accounts. As per NPCI, daily UPI payment for the month of October is between 25,000 crore to 30,000 crore. D2C logistics startup Shiprocket, ET Future Unicorns and Decacorns. [119], NPCI signed MoU with Central Bank of Oman on 4 October 2022 to connect UPI with similar system in Oman on a reciprocal basis. Act with integrity & think customer-first in every interaction, Handle basic PhonePe account and transaction related queries, Ability to flex between phone & data channels, Follow specified process guidelines to bring about resolution, Build customer trust through their interaction, Ability to meet hourly & daily productivity goals, Leverage internal processes and resources to drive resolution, Escalate appropriately taking support from relevant teams to resolve customer issues, Engage & Educate customers so theyre able to leverage PhonePe to the fullest, Have excellent written and verbal communications, Be an active listener and deal well with objection, Have strong customer orientation and ability to adapt/respond to different scenarios, Be a team player, flexible and open to feedback, Ability to multitask, prioritise, and manage time effectively, Should be able to speak in English and Hindi, 0 2 years of work experience in a customer facing role, Multilingual skills (spoken + written) in South Indian languages are preferred, PhonePe Hiring for Analyst| For Any Graduate Students, WiproHiring for technical support | MEGA WALK IN Drive, Wipro Hiring for Technical Support / Service Desk Agent | Apply Now, Tata Communications Hiring for Web Developer | Apply Now, Deloitte Hiring for Programmer Analyst Trainee | Apply Now, Cognizant Hiring for Programmer Analyst Trainee | Apply Now, Zomato Hiring for Software Engineer Back End | Apply Now. [83] The Q2 of 2022 saw 20.57 billion transactions worth 36.08 trillion as per Worldline SA. [37], UPI 123PAY has four options for payment. In the financial year 2021, 41trillion (short scale) worth of money was exchanged on the UPI platform that is 2.8 times the value of debit and credit card payment at point of sale (POS) terminals and 20 times the value of digital wallet and prepaid instruments in India. [81] UPI reached $844billion in value until November 2021. PhonePe reported other operating expenses of 697 crore during the year, up 57 %. The selection process will be based on a Written test followed by the Technical and Hr Interview. Your email address will not be published. The company launched the iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iP SBI takes lead to boost digital payment solutions- check other banks in the race? You are just one step away from creating your watchlist! BENGALURU' : Walmart-owned payment services provider PhonePes consolidated operating revenue more than doubled, growing by 138% to 1,646 crore during the year ended 31 March, the company said in a statement. [87], There are talks happening to operate UPI in the United Arab Emirates and Singapore which has sizeable Indian expatriates and for ease of payment for Indian tourists travelling abroad. In return, payment providers will send second alert to NPCI with evidence on the steps taken for compliance. In addition, Line is a platform providing various services including: digital wallet as Line Pay, news stream as LINE Today, Apple launched its latest iPhone 14 series of smartphones earlier this month. Notable lists of unicorn companies are maintained by The Wall Street Journal, Fortune Magazine, CNNMoney/CB Insights, TechCrunch, PitchBook/Morningstar, and Tech in Asia. infosys [120] It will make UPI QR code based payment available in the country and make it easier for Indian diaspora to send their remittance money in a cost effective way. [49] IndusInd Bank is planning to collaborate with more foreign entities to increase acceptability of UPI abroad. UPI is also enabled for the YouTube SuperChat feature. Soon after rolling out the October 2022 update for Galaxy S21 and Galaxy S22 series in some regions, Samsung started rolling out the update for Galaxy What is the Capgemini Stanley selection process? [117], India and Russia expressed interest in continuing dialogue on accepting UPI and Faster Payments System (FPS) of Central Bank of Russia within their respective national payment infrastructures. In terms of value, 6.39 lakh crore worth of money was transacted in August alone. Click to share on WhatsApp (Opens in new window) In 2020, Walmart had announced to triple its exports of goods from India from around $3 billion to $10 billion each year by 2027. [69] This was the highest ever since UPI was made mandatory by Securities and Exchange Board of India for domestic retail investors for IPO process. The primary motive to organize this event was to honor and inspire the students who made their aspirations clear and spirits high to participate in the placement drive. PhonePes earnings before interest, taxes, depreciation, and amortization, without accounting for employee stock ownership plan costs, narrowed 15% to 671 crore during the year. IBMRecruitment 2022 | Finance and Administration Delivery | Apply Now! Experienced Jobs [105][106] Till 4 July 2022, India already initiated talks with 30 countries for UPI integration. The Group is at the forefront of innovation to address the entire breadth of clientS opportunities in the evolving world of cloud, digital, and platforms. Now Indian users can also buy or rent movies from Google TV. 'micro-message') is a Chinese instant messaging, social media, and mobile payment app developed by Tencent.First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. Across India The placed students along with the management and faculty rejoiced "Placement Day- 2022" at Chandigarh Group of Colleges- Jhanjeri. Employees Provident Fund Organisation (EPFO) provides all the services related to the Provident Fund (PF) account of its employees through the Universal Account Number (UAN) portal. Tamil Nadu Do let us know in the comment section. Join WhatsApp Group for Direct links . [101] Tata Mutual Fund with CAMSPay enabled UPI AutoPay feature for Systematic Investment Plan (SIP) from July 2022. It is part of the Green Initiative to decrease the usage of paper in domestic payments market. Tata Group stock, Tata Consultancy Services Ltd has finally declared its second interim dividend on Monday, October 10, 2022. Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation of India (NPCI). Being enthusiastic about tech is abig part of being at PhonePe. PhonePe went live for customers in August 2016 and was the first non-banking UPI app and offered money transfer to individuals and merchants, recharges and bill payments to begin with. This is a two and a half times jump from its earlier cap of 40 million; the increase is likely to disrupt the current market leadership of UPI apps such as PhonePe and Google Pay. Infosys Off-Campus 2022 |Operations Executive |Apply Now. [122] The initial market expansion will start with Belgium, the Netherlands, Luxembourg and Switzerland. Infosys Off-Campus 2022 |Operations Executive |Apply Now. bsc jobs [112] NIPL tied up with Mashreq bank in 2021 to increase UPI person-to-person (P2P) and person to merchant (P2M) transactions in UAE. Amazon This month gold rates have plunged significantly after multiple interest rate hikes by the US Federal Reserve. Required fields are marked *. SecMark Consultancy Ltd offers business management consulting services. PhonePe went live for customers in August 2016 and was the first non-banking UPI app and offered money transfer to individuals and merchants, recharges and bill payments to begin with. It'll just take a moment. [60] Since 50% of UPI transactions are below 200 with a higher frequency rate, it creates a large backlog of volume which increases the failure rate and affects the stability of the entire payment network. In case 30% mark is breached, payment providers and banks must stop new user on-boarding. PhonePe is Indias leading digital payments platform with over 280 million registered users. In 2017, PhonePe forayed into financial services with the launch of digital gold, providing users with a safe and convenient option to buy 24-karat gold securely on its platform. Cadence ET Future Unicorns & Decacorns: Healthtech startup HealthifyMe In Episode 2 of ET Future Unicorns & Decacorns Of India series, HealthifyMe Co-Founder & CEO Tushar Vashisht take us through the healthtech startup's journey to becoming one of India's largest digital health and wellness companies and the soonicorn's mission to healthify a billion people, globally. [96] As per April 2021 RBI Monetary Policy Committee directive, after March 31, 2022, all the know you customer (KYC) compliant digital wallets will become interoperable by using UPI system. Here is a step-by-step process to buy gold on the platform: Step 1: On the PhonePe homepage, click on the wealth icon at the bottom. 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