Amazon Pay has started offering the peer-to-peer (P2P) transaction concept of the Unified Payments Interface (UPI). It went live on the UPI platform in February after partnering with Axis Bank.
With P2P transactions, the business enterprise could be able to provide its whole variety of UPI services. The pass will even help Amazon Pay increase its enterprise-to-enterprise (B2B) offerings for Kirana stores.
Amazon’s opponents Paytm, Google Pay, and PhonePe have already enabled P2P transactions on their platform.
UPI transactions, presently free, may quickly come with an additional fee. Kotak Mahindra Bank has already stated that beginning May 1, it’ll charge users after the first 30 P2P transactions.
HDFC Life Insurance: A strong show in FY19; top rate valuations can also sustain
HDFC Life, a non-public insurer, posted robust income for 2018-19 on the back of the wholesome increase in premium and margin development.
Return ratios remain correctly. Despite the total rate valuation, tailwinds for the world and HDFC Life’s vantage position make it a stock worth searching at.
Healthy top rate growth with a balanced product blend
HDFC Life suggested a 24 percentage 12 months-on-12 months (YoY) boom in general top class as new enterprise top-class grew 32 percent, outpacing the modest growth (16 percentage) in renewal top rate. The insurer’s person annualized premium equal (APE) rose thirteen shares to Rs 6,260 crore for FY19.
Two highlights of its performance area sixty-seven percentage jump in term protection APE at Rs 1,0.5 crore and annuity APE growth of over one hundred forty percentage, though on a smaller base.
(ULIPs) in individual APE declined two hundred basis points YoY to fifty-five percentage, even as the annuity business suggested a robust growth. HDFC Life’s non-stop consciousness at the highly excessive margin safety enterprise (term coverage) turned into indeed seen as its percentage progressed to 17 shares in FY19 compared to eleven percent in FY18 on an average APE basis.
