Npci

Sustained investment needed to run UPI reliably: Payments Council of India

The industry body said consumers and small merchants would remain protected from charges, while any merchant service fees would be commercial arrangements with payment providers

Merchant discount rate on UPI: Small apps to bet on customer base

Potential UPI MDR could boost revenues for dominant players like PhonePe and Paytm, while giving smaller apps a viable path to profitability and customer acquisition

Digital payments need a sustainable funding model for future growth

The Lok Sabha's tax amendment Bill opens the door for future UPI merchant charges, reigniting the debate on funding India's fast-growing digital payments ecosystem

UPI clocks record monthly volume as July transactions rise 4.1% to 23.66 bn

Transaction volume rose 4.1 per cent from June and 22 per cent year-on-year as everyday digital payments and growing adoption beyond metropolitan markets supported growth

NPCI plans to mask phone numbers on UPI apps to boost user privacy

Following privacy concerns, NPCI has asked UPI apps to hide phone numbers and make username-based payment IDs the default for new users

What is NPCI's UPI Meta plan that has smaller payment apps concerned?

Smaller UPI apps have urged NPCI to reconsider UPI Meta, warning the proposed one-click checkout feature could further strengthen PhonePe and Google Pay's dominance

Call for change: UPI Meta plan draws pushback from smaller players

In a joint representation, smaller payment apps urged NPCI to widen consultations, warning the proposed checkout framework could entrench the dominance of larger rivals

Offline payment push: Innovation must include stronger consumer protection

NPCI's offline NFC-based UPI can expand digital payments and financial inclusion, but robust security, fraud safeguards and strong consumer protection must underpin its rollout

Banks live on UPI rise nearly fivefold to 731 between 2020 and 2026

UPI added 576 banks over six years as digital payments adoption widened, helping the platform process 22.71 billion transactions in June 2026

Stockbrokers, dealers leading recipients of UPI transactions, shows data

UPI payments to securities brokers surged 38.5% by value in June, while digital gold transactions jumped sharply, according to NPCI data

Will AI be making UPI payments for you now? Here's how it may work

NPCI is reportedly developing a Unified Agent Protocol (UAP), a proposed framework to verify and authorise AI agents within the UPI ecosystem.

611 million UPI transactions authenticated using biometrics in June

More than 611 million UPI transactions worth Rs 25,416 crore were authenticated using biometrics in June, reflecting rising adoption of fingerprint and facial recognition

NPCI partners HSBC India, JP Morgan Payments for real-time forex settlement

The partnership will enable real-time foreign exchange rates for cross-border UPI payments, allowing users to view the exact rupee amount payable at the point of transaction

UPI volumes ease after record May; value falls to ₹28.92 trillion

Volumes decline 2% from May's record high, though both value and transaction count remain sharply higher than a year ago

NPCI ties up with HSBC India, JP Morgan to boost overseas UPI payments

NPCI has partnered with HSBC India and JP Morgan Payments to enable real-time foreign exchange conversion and settlement for international UPI transactions, making overseas payments more transparent

BHIM Payments App transaction volumes treble in less than a year

The transaction volumes of the BHIM Payments App more than tripled between June 2025 and May 2026, according to NPCI BHIM Services Limited. Monthly transaction volumes on the app, developed by NPCI BHIM Services Limited, rose from 79.64 million in June 2025 to 244 million in May 2026, a release said on Wednesday. The platform processed transactions worth Rs 26,952 crore in May 2026, it said. In Telangana, BHIM's growth mirrors the broader national trend, with transaction volumes tripling between June 2025 and May 2026. In May 2026, groceries accounted for 23.9 per cent of merchant transactions on the platform in the state, followed by food outlets (18.1 per cent) and quick commerce (11.6 per cent). Lalitha Nataraj, MD and CEO of NBSL, said the strong growth of the BHIM Payments App in Telangana reflected the increasing integration of digital payments into everyday life. "What is particularly encouraging is that this growth is being driven by transactions across categories such as

NPCI unveils Drunix to support blockchain and tokenisation ecosystems

The open-source platform is designed to help enterprises build blockchain networks, digital asset ecosystems and tokenisation platforms at scale

South-East Asian markets on UPI radar as NPCI pushes global expansion

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 scale fresh peak in May; value rises to ₹29.90 trillion

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 chief Asbe bats for regulatory framework for fintech AI ecosystem

NPCI has called for a regulatory framework for agentic AI in digital payments while expanding AI-driven UPI and voice-payment use cases