Npci

UPI transactions marginally up to 21.7 billion, value at ₹28.3 trillion

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

UPI transactions hit record high of ₹28.33 trillion in January: NPCI

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 wants to tackle UPI concentration risk via organic tech plans

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

Eco Survey: UPI sustainability reliant on incentives, constant investment

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

Government and NPCI's Role Key to Global UPI Growth, Says Pay10 Founder

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

NPCI BHIM Services set to provide Canara Bank with UPI payments tech

Bank will integrate NBSL's bank plugins to host latest UPI features and upgrades on its app, aiming to improve security and scalability while lowering the cost of maintaining an independent interface

NPCI authorised fewer new third-party UPI apps in 2025 after April outage

NPCI approved 13 third-party UPI apps in 2025, with five limited to closed user groups, as tighter due diligence and new safety controls followed an April system outage, sources said

NPCI sets up unit to scale up digital infrastructure beyond payments

NTSL will not be a section 8 company which is similar to the other three subsidiary structures that NPCI currently has

India offers higher FDI, easier bank branch norms under New Zealand FTA

Under the India-New Zealand FTA's Financial Services Annex, India has offered higher FDI limits in banking and insurance and a simpler licensing regime for foreign bank branches

Netbanking switch to provide better visibility into transactions: NBBL CEO

NBBL's Banking Connect aims to streamline netbanking by standardising bank-aggregator ties, giving regulators better visibility and improving settlement, success rates and grievance management

New banking connect platform to give RBI real-time oversight of transfers

Banking Connect, a newly launched net banking platform, will help the Reserve Bank of India monitor fund transfers in real time, a top official of NPCI Bharat BillPay said on Thursday. NPCI Bharat BillPay (NBBL) is targeting an increase of nearly four times in the number of monthly bills processed to 1 billion in four years, as against 260 million at present, Noopur Chaturvedi, managing director and chief executive of NPCI Bharat BillPay (NBBL), told reporters here. A real-time view of transactions on the Banking Connect platform will help the regulator monitor fund transfers to sectors such as cryptocurrency and gaming, Chaturvedi added. At present, it takes at least a week for the RBI to receive transaction data from banks via net banking, and sometimes it can take up to a year, she said. It is worth noting that the RBI has an aversion to private cryptocurrencies such as Bitcoin and has also taken a slew of regulatory measures to restrict their use. The government has recently ta

BHIM launches full delegation feature for UPI Circle to net more users

BHIM has enabled full delegated payments under UPI Circle, allowing primary users to authorise trusted secondary contacts to make payments of up to ₹15,000 a month

Paytm nears pre-curbs UPI levels, still playing catch-up on market share

Paytm logged 1.52 billion UPI transactions in October - its strongest in 20 months - yet its market share stayed below early 2024 levels as overall UPI volumes surged across the ecosystem

India in talks with 7-8 countries to extend UPI services: DFS secretary

India plans to expand UPI to 7-8 more countries by next year as DFS says the goal is to prioritise Middle East and East Asia, even as banking health strengthens and insurance remains a key focus

SBI chief pitches for national financial grid to check digital frauds

It will be a dedicated intelligence infra company that will enable real-time intel sharing among banks and other financial-sector participants to strengthen customer protection against digital frauds

Festival season brings UPI boom, transactions hit record Rs 27 trn in Oct

Volume was up by 5 per cent and value by 10 per cent in October versus September this year

NPCI says teething issues persist in same-day cheque clearing system

NPCI says minor issues remain in the T+0 cheque clearing process introduced on October 4, assuring customers that all cheques are being cleared the same day

NTT Data partners with NPCI to enable UPI payments for Indians in Japan

The partnership marks UPI's first entry into an East Asian market and aims to make digital transactions easier for Indian tourists while boosting Japan's cashless economy

NPCI says same-day cheque clearing stabilised; unions seek RBI help

NPCI says the new t+0 cheque clearing system is stable after early glitches, while bank unions urge RBI to ensure smoother implementation during the festive period

Muse, NPCI join hands for India's first wearables payment ecosystem

The new ecosystem allows users to make instant, secure payments by tapping Muses' smart ring on any NFC-enabled PoS terminal