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

Government-backed payments app processes 172 million UPI transactions in January, overtakes Cred and Amazon Pay on leaderboard

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

Decision on UPI MDR in govt's domain: RBI governor

Fraud moves fast, so must we

Transactions through the popular Unified Payments Interface (UPI) touched a record Rs 28.33 lakh crore and 21.70 billion in value and volume terms, respectively, in January, according to data released by the National Payments Corporation of India (NPCI). NPCI said the value of transactions was at Rs 27.97 lakh crore in December. On a month-on-month basis, the growth was 21 per cent in value terms. The average daily transaction in January was 700 million with an average value of Rs 91,4033 crore. Worldline CEO Ramesh Narasimhan said, "UPI's growth momentum continues to strengthen. In January 2026 alone, Indians made 21.7 billion UPI transactions worth Rs 28.33 lakh crore -- an increase over December and a solid 28 per cent growth year-on-year.

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

While the RBI mandates compensation for technical failures, recovering funds sent to a wrong UPI ID remains a manual process dependent on the recipient's consent and swift bank intervention

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

Japan will trial India's UPI in 2026, allowing Indian tourists to make QR code payments directly from their Indian bank accounts while travelling

The NPCI-run BHIM Payments App recorded strong growth in CY25, with monthly transactions rising over four-fold, driven by higher adoption, growth in small-ticket payments and rising trust in user

To expand UPI globally, the government and NPCI must create stronger merchant use cases and ensure faster settlement cycles, especially for small overseas businesses, Pay10 founder said

India is trying to expand the global reach of its homegrown digital payment system UPI to a larger number of countries, especially in East Asia, Financial Services Secretary M Nagaraju said on Tuesday. Unified Payment Interface (UPI) is currently accepted in eight countries -- Bhutan, Singapore, Qatar, Mauritius, Nepal, the UAE, Sri Lanka and France. The acceptability of India's digital payment network overseas enables Indian tourists to make UPI payments for transactions abroad. Speaking at the Global Inclusive Finance India Summit here, Nagaraju said India is about 50 per cent in terms of digital transactions thanks to UPI. "Now we have expanded to some countries. We are trying to expand. To a large number of countries, especially we are focussing in East Asia now," he said. The secretary in the Department of Financial Services (DFS) said UPI transactions crossed more than 21 billion in December 2025, and the success of UPI and digital transactions could also be attributed to ...

Indians shift to higher covers, longer tenures and UPI payments in 2025