UPI Transactions

Rising incomes, digital adoption, and UPI-linked RuPay cards are accelerating credit card usage in smaller cities, according to SBI Card's latest report

But while UPI dominates daily transactions, the report reveals another striking trend: debit cards are rapidly fading from active payment behaviour even though they still account for the bulk of cards

Scale in digital public infra can now support broader economic outcomes, with UPI transactions offering a timely, contextual view

Company will instead focus on existing model of credit distribution, in partnership with other lenders

Fintech major One97 Communications (Paytm) has reported a consolidated profit of Rs 183 crore in the January-March quarter of FY26, on the back of strong tailwinds in its core payments business, growth in merchant and personal loans, and its most profitable quarter on the consumer side in the last two years. This marks a big turnaround for Paytm, which posted a loss of Rs 545 crore in the same period a year ago. Paytm's revenue from operations grew by 18.4 per cent to Rs 2,264 crore in Q4 FY26, from Rs 1,912 crore in Q4 FY25. "We are seeing strong tailwinds in payments, both in offline merchants as well as online merchants... We are also seeing very good growth in financial services... and we are now seeing recovery in personal loans and market share growth in wealth," Paytm President and Group CFO Madhur Deora said during the company's earnings call on Thursday. Further, He noted the impact of consumer-level unit economics, adding, "We have had the best quarter from a profitable .

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

UPI transactions dipped in April after March highs, but rising daily volumes signal steady growth in India's digital payments ecosystem

Bedi previously worked in fintech PayU and in Axis Bank. At Axis Bank, he was the senior vice-president (SVP) and business head - acquiring and commercial cards

Bankers support RBI's proposal for delayed digital payments to curb fraud, but flag infrastructure costs and suggest raising the threshold from Rs 10,000 to Rs 25,000

Growth in QR codes and transaction volumes underscores rising merchant adoption and expanding digital payments ecosystem across India

Kiwi appoints Sumeet Basrani as chief business officer to drive growth and expand access to its credit-on-UPI offering amid rising adoption of digital payments

According to the latest data, BHIM currently holds a 0.86 per cent share of UPI transactions

Online fraudsters are using new technology that bypasses security features of UPI apps to carry out financial transactions, cyber intelligence firm CloudSEK claimed in a report. According to the report, the firm has identified at least 20 active groups on messaging platform Telegram, each with over 100 members, where a toolkit by the name of "Digital Lutera" is being discussed, distributed, and operationalised. "This is not just another UPI malware variant. Digital Lutera represents a structural attack on device trust. When the operating system itself is manipulated, traditional safeguards like SIM-binding and app signature checks become unreliable. If left unaddressed, this could industrialize account takeovers at scale across the digital payments ecosystem," CloudSEK, Threat Researcher, Shobhit Mishra said. CloudSEK claims to have done an analysis of one such group alone which indicates that transactions worth Rs 25 -30 lakh were processed over just two days, highlighting how ...

The collaboration is aimed at solving such issues faced by direct-to-consumer (D2C) companies

UPI transactions fell month-on-month in February due to the shorter month, but daily volumes and values increased, reflecting steady digital payment adoption across channels

The clarification follows industry representations seeking clarity on whether PA norms apply to P2PM transactions, which typically involve small merchants and low ticket sizes

Govt sources say rural-focused feature phone solutions such as UPI 123Pay, IVR systems and offline payments will drive the next phase of India's digital payments expansion beyond smartphones

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