Online payment has become the need of the present time. People rather than having spare money Online payment Give more importance to doing. There are also many different apps available for online payments. Now another new app is being launched to add to these apps. This new app will be launched by Zoho. Zoho is currently the talk of the town. Because this company had recently launched Arattai app and Ulaa browser. Now this company is preparing to launch UPI app. Zoho will soon launch a new app to compete with UPI apps like PhonePay, Google Pay, Paytm.
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According to reports, Zoho is now set to launch a UPI-based consumer payment platform. The platform will be launched under the name Zoho Pay. This new platform will be launched to compete with Paytm, PhonePay and Google Pay. Zoho’s Arattai app is being seen as a Made in India alternative to WhatsApp and has also grown in number of users in the past few days. Ulaa Browser is designed to compete with Google Chrome. (Photo Courtesy – Pinterest)
According to reports, Zoho Pay will be a standalone app and will also be integrated into Arattai Messenger. Like WhatsApp, the users of Arattai app will also get both chatting and payment options in the app. Zoho already has a payment-aggregator license and offers business payments through Zoho Business. Now that UPI has entered the payment ecosystem, the competition is going to be very intense. UPI apps like PhonePay, Google Pay, Paytm are going to compete.
So far, the launch date of Zoho Pay, the new payment platform, has not been announced. However, it is predicted that this platform can be launched in the coming period. Currently, the testing of this platform has been started. It is said that this platform may be launched for iOS as well as Android.
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India’s digital payment network is one of the most active in the world, with most digital payments being made through UPI. According to a recent report, 17,221 crore transactions were made through UPI in 2024, while the figure was 1,079 crore in 2019. Looking at the total value of these transactions, 18.4 lakh crore was transacted in 2019, while in 2024 this number will increase to about Rs 247 lakh crore.
