Unified Payments Interface

India's AI opportunity lies in applications solving real-world problems, not costly foundational models, says 3one4 Capital's Siddarth Pai

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

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

Paytm CEO Vijay Shekhar Sharma says company aims to reduce concentration risk in UPI through technology-led growth as its market share by volume and value rises

With thin margins in the UPI era, Indian fintechs are looking overseas, betting on cross-border payments, CBDCs, and new digital rails for sustainable growth

The survey added that complementary investments in digital capabilities and institutional capacities should be a priority to expand gains from digital payments

Amazon Pay now lets Android users approve eligible UPI transactions with fingerprint or facial recognition, reducing PIN friction for payments up to ₹5,000, the company said

UPI will be linked with Europe's tips system to enable faster, low-cost cross-border payments between India and the Euro area, with RBI and ECB starting work on technical integration

Fintech executives said solving compliance, cost, and SWIFT dependency is key for Indian payment firms eyeing global expansion

The report said that UPI is well positioned to consolidate its role as the backbone of India's payments landscape on the back of interoperability and a conducive regulatory environment

The experience of UPI offers valuable lessons on how Clou can evolve into a truly inclusive credit system

UPI transactions fell to 19.63 billion in September though value rose marginally, while IMPS, FASTag, and AePS also recorded declines in both volume and value

The study, authored by the RBI staff, found that UPI volumes are negatively correlated with cash demand, underscoring its role as a substitute for physical currency

UPI AutoPay enables users to generate a recurring e-mandate using any UPI payments application. It allows users to set timely mandates to pay using UPI on a periodic basis

The National Payments Corporation of India (NPCI) is preparing to roll out this update to UPI, which is expected to enhance security and convenience

PayPal's new global platform will enable UPI-based cross-border payments, backed by partners like Mercado Pago, Tenpay Global and Venmo, with rollout set for later this year

Supporters say crypto can be used for purposes as varied as managing government subsidies and trade settlements

For years, the tech industry has operated on a model of "implied consent"

PhonePe maintains its leadership on the UPI leaderboard, capturing a 46.46% market share in June, processing over 8.54 billion transactions, according to NPCI data

UPI and AePs together have changed India's payments landscape. AePS's playing field is rural and semi-urban India