Page 3 - Upi

India, Brazil lead real-time A2A payments with UPI and Pix adoption

A BCG report says A2A payments exceed 50 per cent of all transactions in India and Brazil, powered by UPI and Pix, with AI agents set to further transform digital commerce

PhonePe posts 40% revenue surge, turns free cash flow positive ahead of IPO

Fintech firm crosses Rs 7,000 crore in revenue as adjusted EBITDA and PAT soar; diversification into lending and broking fuels growth momentum

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

UK PM Starmer to attend Global Fintech Fest 2025 alongside PM Modi

UK Prime Minister Keir Starmer will join PM Modi at Global Fintech Fest 2025, the first foreign head of state to do so, with AI, licensing and stablecoins set to dominate discussions

Scindia launches UPI-UPU integration to boost cross-border remittances

Union Minister Jyotiraditya Scindia unveiled the UPIUPU integration project at the 28th Universal Postal Congress in Dubai, an initiative that would combine the strength of India's Unified Payments Interface and Universal Postal Union Interconnection Platform to transform cross-border remittances, an official release said on Tuesday. Describing it as "more than a technology launch, but a social compact", Scindia, Minister for Communications and Development of North Eastern Region, said the reliability of the postal network combined with the speed of UPI means families across borders can send money faster, safer and at much lower cost. The initiative, developed by India's Postal Department (DoP), NPCI International Payments Limited (NIPL), and the Universal Postal Union (UPU), integrates India's Unified Payments Interface (UPI) with the UPU Interconnection Platform (IP), "combining the reach of the postal network with the speed and affordability of UPI", the release said. "It reaffir

UPI-UPU integration launched in Dubai to speed up cross-border remittances

Union Minister for Communication Jyotiraditya M Scindia on Monday unveiled the UPIUPU Integration project here, described as a landmark initiative aimed at transforming cross-border remittances for millions worldwide. The initiative was launched at the 28th Universal Postal Congress. Developed by the Department of Posts (DoP), NPCI International Payments Limited (NIPL), and the Universal Postal Union (UPU), it integrates India's Unified Payments Interface (UPI) with the UPU Interconnection Platform (IP), combining the reach of the postal network with the speed and affordability of UPI. Addressing the event, Scindia called it more than a technology launch, but a social compact. The reliability of the postal network combined with the speed of UPI means families across borders can send money faster, safer and at much lower cost. It reaffirms that public infrastructure built for citizens can be linked across borders to serve humanity better, he said. He outlined India's vision for a .

UPI gaming spends fall 23% in August after ban on real money games

UPI gaming spends fell sharply in August with volumes down 23% and value down 26% after the Online Gaming Act banned real money games such as rummy, poker and fantasy sports

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 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

Cabinet clears ₹7,332-cr revamp and extension of PM SVANidhi till 2030

The restructured scheme, set to benefit 11.5 mn vendors, raises loan limits, introduces UPI-linked RuPay cards, digital cashback, and capacity-building initiatives

We don't get a penny for UPI infra: Axis Bank MD & CEO Amitabh Chaudhry

Axis Bank MD Amitabh Chaudhry said banks earn nothing from UPI transactions despite bearing the infrastructure costs, as subsidies and incentives shrink further

Banks fund India's digital payments while fintechs reap the revenue

UPI cost burden reaches Rs 8,500 crore annually as third-party apps dominate customer engagement

Re 1 rise in UPI value trims debit card use by 14 paise: SBI Report

SBI Research report reveals that a Re 1 increase in UPI transaction value reduces debit card usage by 14 paise, reflecting UPI's growing dominance in India's digital payments landscape

OpenAI launches ChatGPT Go in India at ₹399 with UPI support; here’s what you get

OpenAI has rolled out an affordable subscription plan for Indian users, called ChatGPT Go. Priced at just ₹399 per month, the new tier promises extended access to GPT-5, more image generations.

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 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

People face UPI payment issues; NPCI attributes glitches to banks

People faced difficulties in making online payments through the popular Unified Payments Interface (UPI) platform on Thursday evening due to "technical" issues. The National Payments Corporation of India (NPCI), which runs the UPI platform, said a few banks' systems faced troubles due to which people faced inconvenience. There were "intermittent UPI connectivity issues as a few of the banks were having some internal technical problems", the NPCI said in a late evening statement. The statement came in response to a slew of complaints on social media platforms about the UPI outage. NPCI stressed that its systems are working fine and it has worked with the lenders for a quick resolution. The UPI platform had witnessed over 18 billion transactions with an underlying value of over Rs 24 lakh crore in June. There is an intense debate over who should pay for the platform. At present, it is subsidised by the government to encourage citizens to pay more using the online method.

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

Not saying users will have to pay for UPI but someone has to bear: RBI Guv

The RBI governor said that the government policies have helped boost the use of UPI among consumers. Malhotra added that UPI transactions have been increasing in the past few months