NPCI

NPCI is reportedly developing a Unified Agent Protocol (UAP), a proposed framework to verify and authorise AI agents within the UPI ecosystem.

More than 611 million UPI transactions worth Rs 25,416 crore were authenticated using biometrics in June, reflecting rising adoption of fingerprint and facial recognition

The partnership will enable real-time foreign exchange rates for cross-border UPI payments, allowing users to view the exact rupee amount payable at the point of transaction

Volumes decline 2% from May's record high, though both value and transaction count remain sharply higher than a year ago

NPCI has partnered with HSBC India and JP Morgan Payments to enable real-time foreign exchange conversion and settlement for international UPI transactions, making overseas payments more transparent

The transaction volumes of the BHIM Payments App more than tripled between June 2025 and May 2026, according to NPCI BHIM Services Limited. Monthly transaction volumes on the app, developed by NPCI BHIM Services Limited, rose from 79.64 million in June 2025 to 244 million in May 2026, a release said on Wednesday. The platform processed transactions worth Rs 26,952 crore in May 2026, it said. In Telangana, BHIM's growth mirrors the broader national trend, with transaction volumes tripling between June 2025 and May 2026. In May 2026, groceries accounted for 23.9 per cent of merchant transactions on the platform in the state, followed by food outlets (18.1 per cent) and quick commerce (11.6 per cent). Lalitha Nataraj, MD and CEO of NBSL, said the strong growth of the BHIM Payments App in Telangana reflected the increasing integration of digital payments into everyday life. "What is particularly encouraging is that this growth is being driven by transactions across categories such as

The open-source platform is designed to help enterprises build blockchain networks, digital asset ecosystems and tokenisation platforms at scale

NPCI International Payments is exploring bilateral UPI linkages with Indonesia, Thailand and Malaysia to expand the global footprint of India's payments network

UPI transactions touched a record ₹29.90 trillion in May while volumes rose to an all-time high of 23.20 billion, underscoring the continued expansion of India's digital payments ecosystem.

NPCI has called for a regulatory framework for agentic AI in digital payments while expanding AI-driven UPI and voice-payment use cases

NPCI may review ATM interchange fees and link charges to WPI as rising operating costs put pressure on India's ATM ecosystem

Currently, banks require four to eight weeks for certification with UPI's operating circulars (OCs) that NPCI releases from time to time

A time-bound, tiered MDR on large commercial UPI merchants, with small merchants and individuals permanently exempted, is in order, and so is revenue allocated to strengthen infra & rural expansion

A decade after launch, UPI dominates digital payments but slowing growth and lack of MDR incentives raise questions over its next phase

Move enables faster checkout and seamless netbanking experience for 37 million customers while strengthening interoperability across banks and payment aggregators

NPCI plans a major branding revamp to strengthen its identity as a technology-led digital payments infrastructure provider and boost visibility at home and abroad

UPI's international transaction volumes crossed one million for the first time in FY26, nearly doubling from the previous year, as the payments system expanded across eight countries

NPCI is working on an SMS-less, silent device-binding process for UPI to improve security and onboarding, with rollout expected over the next 12-18 months

NPCI will use Nvidia's Nemotron open models to develop a sovereign, payments-focused AI foundation model aimed at enhancing trust, resilience and scalability across India's payments network

Speaking at the AI Impact Summit, NPCI's Executive Director-Growth said that the Corporation is pursuing both bilateral and multilateral models, including work with other countries' payment systems