Jio offers 1.5 GB additional data per day to customers

"Airtel introduced 1GB per day additional data on Rs 149 and Rs 399 price points only for limited users. Jio will now provide 1.5 GB per day additional Jio 4G data to every Jio user," a company source said. An email query sent to Airtel did not elicit any reply. The telecom ministry in a presentation on Tuesday shared that mobile data tariff in the country has reduced by 93 per cent in the last four years. 

"Moreover, Jio also offers a Rs 100 discount on all recharges of Rs 300 and above, and 20 per cent on recharges below the Rs 300 price point, if the user recharges through the MyJio app and pays using PhonePe wallet," the source said. The scheme, valid between June 12-30, will effectively bring down the cost of 1GB of 4G data in the range of Rs 1.56 to Rs 1.77.

Paytm's claim of leadership in UPI payments misleading, says PhonePe

A week after Vijay Shekhar Sharma-led Paytm staked claim to being the country’s largest Unified Payments Interface (UPI) platform, Flipkart’s digital payments arm PhonePe has hit back saying that Paytm’s claim of being the leader is "uni-dimensional and misleading".

In a blog post published on Thursday, PhonePe said that while Paytm had a larger volume of transactions on UPI, the average value per transaction on Paytm was paltry in comparison to its own. Moreover, PhonePe says the total value of UPI transactions it did in February was far higher than Paytm’s.

“We believe that the recent media narrative has been narrowly focussed only on UPI transaction volumes , which only tells half the story,” read the blogpost. “We believe that Paytm’s claim that they are the largest on UPI is both uni-dimensional and misleading.”

Paytm cornered 68 million out of 171 million total UPI transactions in February which translates to 40 per cent of the total transactions. PhonePe on the other hand managed 28 million transactions. However, the company said, the total value of transactions done on its platform at Rs 51.2 billion accounted for over a fourth of the total Rs 191.26 billion that was transacted through UPI in the same month.