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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

NPCI says the effort builds on its FiMI model and UPI Help Assistant, and is aimed at creating a payments-native AI foundation aligned with India's data sovereignty and regulatory needs

Fintechs, NPCI are deepening AI integration across India's payments stack, from agentic interfaces and conversational payments to domain-specific LLMs designed to streamline disputes and transactions

National Payments Corporation of India (NPCI) on Monday said that 'UPI One World' wallet services will be available for international visitors attending the ongoing five-day India AI Impact Summit. Through this pilot initiative, inbound foreign travellers will be able to make secure and real-time Person-to-Merchant (P2M) UPI payments during their visit to India. Visitors can use the wallet service without an Indian mobile number or bank account. "The 'UPI One World' wallet is available through authorised PPI issuers at New Delhi International Airport and at the NPCI Pavilion (Hall 14, Stall number 14.16) in Bharat Mandapam," NPCI said in a statement. Travellers can load the wallet using various payment methods and make transactions by scanning UPI QR codes via the PPI-UPI application. This eliminates the need to carry cash or manage foreign exchange complexities. Any unused balance can be transferred back to the original payment source as per foreign exchange regulations, the ...

Despite UPI's dominance, the digital payments game is far from over, Ghosh tells Manojit Saha, pointing to the opportunity that lies in cash conversion

NPCI International Payments Ltd (NIPL), the international arm of NPCI, has signed an agreement with Payments Network Malaysia Sdn Bhd (PayNet), Malaysia's national payments network, to enable QR-based merchant payments between India and Malaysia. The rollout of this initiative will happen in a phase-wise manner, National Payments Corporation of India (NPCI) said in a statement. In the first phase, Indian travellers visiting Malaysia will be able to use their UPI apps to make seamless cross-border merchant payments at DuitNow QR acceptance touchpoints, it said. "DuitNow QR is Malaysia's national QR standard, operated by PayNet. In the subsequent phase, Malaysians visiting India will be able to scan UPI QR codes to make merchant payments using their DuitNow apps," it said. With this integration, Indian tourists will gain access to millions of DuitNow QR merchant touchpoints in Malaysia, across restaurants, retail stores, tourist attractions, and other establishments, it said. Simila

UPI transactions rose marginally in January, with volumes at 21.7 billion and value touching ₹28.3 trillion, underscoring steady momentum in India's digital payments ecosystem despite month-on-month m