Upi

UPI's AI protocol temporarily on hold as NPCI builds safeguards

The focus is on user protection, mapping actual risks from potential liabilities when agents go rogue, and governance standards around evolving technologies like these

Goyal urges Brics to trade in local currencies, link payment systems

The commerce minister also called for easier market access, simpler regulatory procedures and deeper cooperation in digital trade, critical minerals and resilient supply chains

SBI to use UPI data to lend to small businesses without GST registration

India's largest lender is developing a solution that will use UPI transaction data as a proxy for sales to extend loans to small businesses outside the GST system

UPI Tap and Pay explained: How it works, key features, and its benefits

Digital payments are getting a new option. Here's what RBI's new UPI Tap and Pay feature is all about, how it works and what it could mean for users:

Paytm soars 4% in weak market, nears new high; stock up 90% from March low

Jefferies raises Paytm's earnings estimates for FY28-29 by 20-25 per cent to factor in 25bps MDR on UPI and raises the price target to ₹2,100 (from ₹1,600).

UPI gets new features: Tap-to-pay, unified window for transaction details

New UPI features enable tap-to-pay at PoS terminals and a unified transaction view, while Bharat Connect adds multicurrency capabilities for forex transactions

UPI data can help bring informal sector into formal credit: NITI's Lahiri

NITI Aayog's Ashok Lahiri said transaction data generated through UPI could improve credit appraisal and risk pricing, helping bring MSMEs into the formal lending system

'Credit card growth will come from credible, smaller banks beyond top 5'

Gautam Aggarwal explains the opportunity for credit cards in the country, elucidates his strategy on services, and addresses his thoughts on a potential linkage to home grown payments network UPI

Cards a key proposition in the affluent segment, says Suresh Sethi

Suresh Sethi, who took charge as Visa's group country manager for India & South Asia in April this year, addresses the growth challenge for cards amid the growing dominance of UPI

PM Modi urges fintech sector to expand UPI globally, cut remittance costs

Prime Minister Narendra Modi on Tuesday urged the fintech ecosystem to expand the global reach of the Unified Payments Interface (UPI), connect it with local systems in other countries, and help the diaspora save on remittance costs. In his address after the inauguration of the 7th edition of the Global Fintech Fest here, Modi said the UPI platform is now live in 11 countries and has also connected with Singapore's local system. Urging the ecosystem not to rest on the laurels of the last decade when UPI became a ubiquitous platform for real-time payments across the country, the Prime Minister said the next aim should be to expand UPI's reach. He said the focus should be on countries that are home to a large diaspora, have high trade volumes with India, or are willing to partner with us while connecting the systems. "This is essential because Indians work in large numbers in foreign countries. They are the largest remitters of money. A part of the remittances goes away as transactio

Bank of America works on Zelle-UPI bridge for cross-border payments

BofA sees India as key cross-border payments hub as it pilots Zelle-UPI link

From empty wallets to 24.5 bn transactions

The very idea of money is in flux. Digital money is gradually starting to behave like software

UPI sets new record at 24.51 bn transactions in Aug, value at ₹29.82 trn

Transaction volumes rose 3.6 per cent month-on-month and 22 per cent year-on-year, while average daily UPI transactions increased to 791 million

UPI International, built for tourists, now helps with donations for Nepal

Nepal's Embassy asks Indian donors to activate UPI International for contributions to the PM Disaster Relief Fund, taking the payment rail beyond its tourism use case

Payment aggregators push for fixed and direct share of UPI MDR

The demand is likely to draw resistance, as payment aggregators are not direct members of the UPI network run by the NPCI

Major turning point in India's digital payment journey: PM on 10 yrs of UPI

On completion of a decade of the Unified Payments Interface, Prime Minister Narendra Modi on Tuesday hailed it as a major turning point in India's digital payment journey and said its sheer scale is something every Indian must be proud of. The UPI was launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI). The UPI has emerged as the backbone of India's digital payments ecosystem and a critical driver of financial inclusion. "A decade ago, UPI was rolled out, marking a major turning point in India's digital payments journey. The sheer scale and reach of UPI are something every Indian must be proud of," Modi said in a post on X. The prime minister also asked people to share with him their UPI experience and how it impacted the life. Over a decade of operations, the UPI has demonstrated extraordinary scale and momentum in the country. Annual transaction volume expanded from just 1.78 crore in .

UPI completes 10 years as transaction volume jumps nearly 13,000-fold

Annual UPI transaction volume rose from 1.78 crore in FY17 to over 24,162 crore in FY26, while transaction value climbed to around ₹314 lakh crore

UPI completes 10 years, clocks nearly 13k fold rise in transaction volume

The Unified Payments Interface (UPI), which was launched on August 25, 2016, has completed a decade of transforming India's digital payments landscape, emerging as the backbone of the country's digital payments ecosystem and a global benchmark for real-time payments. Annual UPI transaction volume rose from 1.78 crore in 2016-17 to more than 24,162 crore in 2025-26, an almost 13,000-fold increase, the finance ministry said in a statement. During the same period, transaction value jumped from Rs 0.07 lakh crore to around Rs 314 lakh crore, representing a more than 4,000-fold rise, it said. Developed by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), UPI has recorded an unprecedented expansion in both transaction volume and value over the past 10 years, it said. The year 2026 marked a significant milestone in the growth trajectory of UPI, it said, adding that monthly transaction volumes crossed 2,300 crore for the fi

Debit card rule may act as template to shield UPI users from MDR fee

A 2017 RBI rule barring merchants from passing debit card MDR to customers could guide safeguards against similar charges on UPI payments

Why India's Unified Payments Interface needs reform, and not US pressure

The lesson for New Delhi: Keep peer-to-peer and mom-and-pop transactions free, but let large commercial platforms pay, say, 0.5 per cent