With more than 230 million registered users, PhonePe has become a household name. The digital wallet and online payment company saw a spike in its business during the lockdown. Rahul Chari, cofounder and chief technology officer of the company, talks about the opportunities, challenges and intense competition in the segment and what the future holds for the digital payment platforms.
How has the digital payments segment been affected by the pandemic and the lockdown?
During the nationwide lockdown, digital payment platforms were an essential service given their utilitarian nature. According to NPCI, the UPI transactions in February 2020 were at an all-time high of 132 crore transactions, corresponding to a transaction value of ₹2.21 lakh crore. While there was a fall over the following two months owing to the lockdown, the rebound happened in May and June and the transactions have been increasing with each passing month since then.
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Ram temple not an issue in south
Much has been said this election season about the alleged north-south divide.
Haute and sweaty
In Mumbai, where I live and work, there is a severe heatwave going on. The highest temperature this month has been 40 degrees, sweltering and humid for the coastal city.
MOVE AWAY MARY!
In many parts of the world,unique names are becoming popular
CALL OF THE WILD
Tejas Thackeray, the younger son of former Maharashtra chief minister Uddhav Thackeray, shares his passion for wildlife conservation and photography
CEPA and beyond
Bilateral trade between the UAE and India has grown almost 16 per cent year-on-year, touching $84.5 billion
Brash and raw
When I chanced upon Raj Narain, who humbled Indira Gandhi
Lone voice of dissent
“I am keen to invite Parakala [Prabhakar] to Mumbai… What do you think? Do you know him?” A friend asked. No, I don’t know the man. And no, it is not a good idea to invite him, unless you want to invite trouble, I replied.
Modi and the Muslim syndrome
I have long been intrigued by the prime minister’s desire to hug every passing sheikh and sultan and his contrasting contempt for the ordinary Indian Muslim.
Assam Rifles not trained to guard borders; need separate force for Manipur border
Imphal is blanketed in darkness. The sun has set a little too soon in the valley, but N. Biren Singh is yet to call it a day.
SPOTLIGHT ON THE SENTINELS
Manipur government wants the Assam Rifles replaced, but the Union home ministry is focused on upgrading infrastructure and connectivity before deciding who guards the state
