Discover and read the best of Twitter Threads about #phonepe

Most recents (7)

As @Paytm released its Q4FY23 results yday, I dived into last 8-qtrs of its lending biz 💡💡

Here’s a breakdown of numbers that you won’t find all in one place anywhere else 👇

Tags: @vijayshekhar | #Paytm Image
Paytm earns 2 things on each loan given.

💰 Commission (C): A %age of the loan amount

💰 Performance bonus (PB): A %age of the EMIs collected, only when the loan is paid back
Some basics about the performance bonus!

👉 In case of defaults, #Fintechs used to compensate the lending partners (LPs- NBFCs & banks) under #FLDG (first loan default guarantee) agreement
Read 15 tweets
1/ #JustIn🚨: #UPI transactions not free anymore? 😯

Here’s what you need to know before going haywire on #UPIpayment ⤵️
2/ @NPCI_NPCI recently announced a new proposal.

According to the mandate - An intercharge fee of 1.1% will be charged on #UPIpayment exceeding Rs 2,000.

This proposal will come into force starting April 01, 2023.
3/ But the important question is - will you, as a consumer, be charged this 1.1% amount? 🤔

The answer is 'no!'🙅‍♂️
Read 8 tweets
🏆PhonePe and Google Pay: The Power Duo Driving 82% of UPI Transactions


1) During Jan 2023, a total of 803 Cr+ transactions were made using UPI.

#UPI #phonepe
2) Out of these, 47% transactions occurred on Phone Pe app while 34.6% were carried out using Google Pay, and Paytm accounted for 14.8% of the transactions.
3) What is UPI?

UPI is a technology that allows users to link more than one bank account in a single smartphone app and make fund transfers without having to provide IFSC code or account number
Read 6 tweets
A Unified Payments Interface or UPI is the amalgamation of multiple bank transactions like merchant payments, bill payments and smooth fund transfers through a single application, in which banks participate.

#GPay #UPI #phonepe #paytm #onlinepayment
An increasingly popular mode of transfer for money, it lets individuals or organisations make direct banking transactions using their UPI ID or Virtual Payment Address (VPA).
💵 Here Is How UPI Works
⭐ A user first registers on a payment app like Google Pay, Paytm or PhonePe
⭐ Once the user is registered, bank account(s) are linked to the app
⭐ The Virtual Payment Address (VPA) facilitates the transactions between the two parties
Read 4 tweets
#PayTmIPO #Paytm This will be a long tweet but worth your time it will help your investment decisions.
Before comments on #paytm I will rewind to 2008 I was heading institutional broking of large broking house with half a million clients and over 2000 offices across India,
Largest public issue #Rpower #reliance brand untill that point most trusted company among retail investors, IPO band was between ₹400-450 company wanted me to promote this issue, my answer was clear NO, I did not see any fundamentals matching I simply said #rpower has no fuse
Close to 14 years period of vanavas of lord ram still the share is trading around ₹14.
“The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true” ~M Housel
Markets were at the peak when issue came and by end
Read 19 tweets
#GooglePay taken down from #AppleAppStore, some users might experience payment failures…

By @jainrounak Image
The #GooglePay app has been temporarily taken down from the #AppleAppStore. When users search for the Google Pay app on App Store, the search results show its competitors like #PhonePe and #Paytm.
According to #Google, the app has been taken down temporarily to fix an issue. An update will be issued soon with a fix.

#GooglePay #AppleAppStore
Read 6 tweets
#UPISecurityIssue A friend send me money via @PhonePe_ , and it went to my @FederalBankLtd account which is inactive for last 4-5 years! 1/n
@PhonePe_ @FederalBankLtd That @FederalBankLtd account doesn't even have mobile / internet banking features. I have never used @PhonePe_ in my life, but phone pay shows that my number is linked to this bank and created a UPI code "automatically" !! 2/n
@PhonePe_ @FederalBankLtd Her version is that - she searched my phone number, it showed a "valid UPI" and my full name. The money came to @FederalBankLtd account, but I have never made a UPI. In fact, it's asking me for KYC since the account was idle for years. I feel so scared about @NPCI_BHIM now 3/n
Read 10 tweets

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