Page 3 - Upi Transactions

UPI's new high-value transaction limits kick in today: Here's what changes

Higher caps will make it easier to pay for insurance, investments, and festive big-ticket spends

NPCI proposes UPI-based cash withdrawals with ₹10,000 cap at BC outlets

NPCI has sought RBI approval to enable UPI-based cash withdrawals of up to ₹10,000 at business correspondent outlets, expanding beyond ATMs and select merchants

UPI to allow insurance, capital markets transactions of up to Rs 10 lakh

Popular digital payments platform will raise transaction limits for various services from September 15

Amazon Pay India CEO bats for balanced MDR to support stakeholders

Bansal emphasised that the structure and rates of MDR should not be arbitrary but carefully crafted through consultation between the regulator and the industry

UPI usage at bars, food joints rises in August; discretionary spending up

While discretionary spending through UPI increases, at the same time, more than 20 million AutoPay mandates continue to be revoked each month, mainly due to insufficient balances

UPI autopay revocations hit 20 mn per month on low customer balance

UPI AutoPay enables users to generate a recurring e-mandate using any UPI payments application. It allows users to set timely mandates to pay using UPI on a periodic basis

UPI transactions up 3% in August to 20 bn as festive demand lifts usage

Festive season demand lifted UPI volumes in August, while IMPS declined; FASTag and AePS posted strong gains, reflecting India's deepening digital payments adoption

Statsguru: The rise and sudden fall of real-money gaming in India

RMG refers to online games where players wager real money and stand to win cash prizes

UPI goes global: Cross-border transactions grow 20-fold in a year

Cross-border UPI transactions rose 20 times to 7.55 lakh in FY25, with expansion to seven countries and over 1.5 million merchants accepting the platform

Payments Council of India reappoints Patel, Srinivasu; Bansal joins team

The Payments Council of India has reappointed Vishwas Patel and M N Srinivasu as chair and co-chair while inducting Nalin Bansal, alongside naming heads for key payments committees

The cost of free: UPI's exponential growth strains limits of subsidies

Industry players add that while other monetisation-friendly avenues are emerging for UPI, those require to be developed further to offset the impact of free transactions

The matrix, decoded: How QR codes are transforming payments in India

QR code, the little pixelated square, has changed how India pays or accesses information. Its applications are only limited by imagination

UPI 'collect requests' to end from October: here's how it changes payments

UPI New Rule form October: From October 1, you won't be able to send UPI collect requests to friends or family. Here's why NPCI is stopping the feature and what it means for your day-to-day payments.

UPI 'collect requests' to end from October: here's how it will affect you

The 'collect request' feature allows UPI users to send a payment request to another person, say, to split a dinner bill or remind a friend to return borrowed money

PhonePe tops UPI in July with 8.93 bn transactions, 46% market share

PhonePe processed 8.93 bn UPI transactions in July, ahead of Google Pay's 6.92 bn, as total UPI volume hit a record 19.46 bn worth ₹25.08 tn, NPCI data shows

UPI's top checkout by volume in July: The grocery aisle dominates

NPCI uploads new data points on UPI from time to time. One of the reasons to do that is to provide an ecosystem-level overview to all ecosystem participants, including banks and fintechs

BharatPe to raise funds before IPO, listing not on card in FY26: CEO

BharatPe will raise funds before the initial public offer, but the listing will take place only when market conditions are favourable, a top official of the unicorn fintech firm said. BharatPe, last week, announced that it had achieved operational profitability after excluding the employee stock ownership plan. "Whatever goals we set for ourselves, we have gone ahead and achieved them...profitability has to remain intact, and thereafter, once the market conditions are right, we will definitely go for an IPO. There will be a pre-IPO funding round, while an IPO is not on the cards for this financial year. Anything beyond that is a fair game, once the market conditions are right," BharatPe CEO Nalin Negi told PTI. The company closed FY25 with a Rs 6 crore adjusted profit before tax (excluding ESOP expense), recovering strongly from a loss of Rs 342 crore in FY24. "We have always believed that demonstrating consistent performance is key to building investor confidence ahead of a potent

Fintech firm BharatPe clocks Rs 6 crore in profitability in FY25

BharatPe reported Rs 6 crore adjusted pre-tax profit in FY25, driven by revenue growth, UPI transactions, NBFC consolidation, and RBI's nod for payment aggregation

We are AI-first: Paytm CEO outlines vision for future of digital payments

Paytm is intensifying its focus on innovation, with artificial intelligence at the core of its efforts to transform the future of digital payments, founder and CEO Vijay Shekhar Sharma said, reaffirming the company's commitment to becoming AI-first. "True to our DNA of innovation and pioneership, we are proud that our AI-led full stack payment solution continues to redefine how millions of merchants accept payments, run their business, and serve their customers. We remain committed to being AI-first, in every product we offer and every process that powers us," he said in his annual letter to shareholders. He further emphasised that Paytm's focus on core payment operations and the continued strengthening of its business fundamentals have set the company on a path toward sustainable growth and profitability. As one of the earliest and most aggressive adopters of AI in India's fintech space, Paytm has embedded this disruptive technology into each product and service journey, including

UPI not free even now, govt subsidising it, says RBI Guv Sanjay Malhotra

Every year, the central government earmarks a certain amount for the promotion of UPI peer-to-merchant (P2M) transactions and RuPay debit card transactions