Amazon, Meta join fight to end Google Pay, PhonePe dominance in India
PhonePe and Google Pay command 80% of India’s UPI instant payments network. Rivals are set to meet with regulators to lobby for restrictions.
UPI
India pilots AI chatbot-led e-commerce with ChatGPT, Gemini, Claude in the mix
India has launched a pilot to let users shop and pay directly through AI chatbots, starting with ChatGPT.
PayPal taps wallets from China and India to make cross-border payments easier for 2 billion people
PayPal is partnering with global fintech companies to let users pay to different wallet systems cross border.