Page 2 - Unified Payments Interface

Explicit consent: Online's new era may shift power from apps to users

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

PhonePe retained top UPI spot with 46% market share in June, shows data

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

Players on the payments turf: UPI, AePS, PPIs boost digital outreach

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

Smart devices to be next bastion for UPI with IoT-ready payment system

NPCI builds Internet of Things rails as UPI targets 10x growth

Quitting UPI apps helped me control my spending, says Sania Mirza's sister

Fashion entrepreneur Anam Mirza, sister of tennis star Sania Mirza, says deleting UPI apps like Google Pay helped her become more mindful of her spending

Govt, UPI apps to lay real-time digital tripwire for every payment tap

Extra layers of scrutiny to guard the digitally unversed

Baseless, false: Finance Ministry denies reports of fee on UPI transactions

"The Government remains fully committed to promoting digital payments via UPI," the finance ministry said

Sebi to launch UPI authentication tool for safer securities transactions

To curb cyber fraud, market regulator Sebi has mandated a new Unified Payments Interface ID format for all registered intermediaries collecting investor funds

Digipin: A new digital way to set accurate addresses in the country

It is a digital version of the pin code system and a more accurate address for a person or organisation. The 10-digit alphanumeric code will be useful for people on the move

NPCI directs UPI members to follow new API guidelines to avoid disruptions

For instance, this includes restricting a high number of repeat APIs for the same or older transactions

UPI outages: NPCI, banks working on durable solution to plug gaps

The current challenge stems from the extremely high frequency of transaction status API calls

India planning to bring 300 million new users onto UPI payments platform

The home-grown payments platform has in the past five years transformed how more than 450 million retail consumers pay for everything from holidays to a cup of tea using their smartphones

Jio Finance launches loan against security offering for customers

Customers of Jio Finance can now avail themselves of loans of up to Rs 1 crore, with interest rates starting at 9.99 per cent, tailored to their risk profiles

The UPI of 2016 and today are completely different: NPCI MD & CEO Asbe

The primary focus remains on growing UPI, which has 10X growth potential. Currently, 400 to 450 million users use it monthly, it has the potential to grow to over 1 billion, said Dilip Asbe, MD, NPCI

PoS transformation in progress, but business model needs a rethink

The real-time confirmation builds efficiency and trust, keeping operations smooth and allowing the merchant to focus on business

Small transactions drive 7.8% drop in UPI payments' average ticket size

The ticket size for peer-to-peer UPI payments was recorded at Rs 2,666 in H2 2024

UPI outage due to financial year-end transaction rush at banks, says NPCI

Transactions volumes declined 7 per cent on March 26 after the UPI network had reported an outage

Tata Neu HDFC Bank cobranded card surpasses 2 million issuances

Grocery, fuel and utilities are among the top spend categories for the credit card

Prosus-backed fintech firm PayU buys 43.5% stake in Mindgate Solutions

The deal will allow PayU to expand into the real-time payment processing market, including the Unified Payments Interface (UPI)

UPI incentive cut worries industry again; calls for MDR grow louder

Industry's concerns surfaced after the government approved ₹1,500 crore in a scheme for the promotion of low-value BHIM-UPI transactions when made from peers to merchants