Page 3 - Upi

UPI set to interlink with European instant payment system TIPS: RBI

UPI will be linked with Europe's tips system to enable faster, low-cost cross-border payments between India and the Euro area, with RBI and ECB starting work on technical integration

Why CBDC when we have UPI?: T Rabi Sankar explains the future of digital currency

Why CBDC when we have UPI?: T Rabi Sankar explains the future of digital currency

Chhattisgarh allows credit, debit and UPI payments for GST filing

The initiative aims to make tax payments simpler, faster, and more transparent for traders and businesses, a state government spokesperson said

Paytm unveils all-new app with AI features to enhance payment experience

Paytm (One 97 Communications Ltd), India's full-stack merchant payments leader serving MSMEs and enterprises, has launched a fully redesigned version of its flagship app, integrating artificial intelligence-driven features to streamline and personalise everyday transactions for its users. The update introduces a cleaner user interface alongside over 15 new features that seek to make payments faster and smarter for customers across the country, including Non-Resident Indians (NRIs) in 12 countries. One of the standout innovations is the launch of "Gold Coins," a first-of-its-kind initiative that rewards users with digital gold on every payment, adding a valuable savings dimension to regular transactions. The revamped app is built around AI, allowing it to understand spending patterns, automatically organise transactions, and provide personalised insights. Features such as the reimagined balance history with AI tags help users quickly gauge their total balance across UPI-linked bank

UPI hits record high in Oct; PSBs eye global scale, tech upgrades

UPI hits record high in Oct; PSBs eye global scale, tech upgrades

Your credit is easier to steal than your money: How online lending works

A simple 'Buy now, pay later' click can trigger a full loan without consent. Weak verification, no alerts, and instant disbursals are fuelling identity fraud in India's digital lending ecosystem

Festival season brings UPI boom, transactions hit record Rs 27 trn in Oct

Volume was up by 5 per cent and value by 10 per cent in October versus September this year

Post-UPI, Indian payments players look to foreign shores | BFSI Summit 2025 | Online payment

In the past decade, India has become the blueprint for digital payments innovation, and the government has taken the Unified Payments Interface (UPI) beyond Indian shores and into other countries

Samsung Wallet adds support for biometric UPI, digital key for Mahindra EVs

Samsung expands Wallet features in India with biometric UPI payments, Digital Car Key for Mahindra eSUVs, online card payments, and Tap and Pay for FOREX cards

BS BFSI Summit: 'AI-powered devices, voice redefining digital banking'

AI is turning everyday payment devices into intelligent fintech tools, redefining banking, fraud detection, and customer interaction, experts said at the Business Standard BFSI Insight Summit

Time to go global for India's fintech after UPI success? What experts say

In a panel discussion titled 'Post-UPI, Indian payments players look abroad' at Business Standard's BFSI Summit, fintech leaders expressed their views on what's next after technology like UPI matures

Digital payments made up 99.7% of transaction volume in 2024: RBI report

Digital payment transactions accounted for 99.7 per cent in terms of volume and 97.5 per cent in value in the payments system during calendar year 2024, and the trend continued in the first half of 2025, according to a Reserve Bank report released on Thursday. The payments ecosystem in India has witnessed remarkable growth in recent years, said the RBI's half-yearly Payment System Report, June 2025. The payments landscape in India consists of a bouquet of payment systems designed to cater to the diverse needs of users, which include paper-based instruments (cheques) as well as digital payment systems. Digital payment systems include NEFT, IMPS, RTGS, NACH, debit and credit cards, prepaid payment instruments, and UPI. The report also showed an increasing trend across all categories, except for paper-based instruments. Cheques account for 2.3 per cent of the total transactions in terms of value. In terms of volume, the payment transactions grew from 3,248 crore in CY 2019 to 20,849

Explained: How digital payments are fuelling India's economic growth

Govt plans to introduce biometric authentication for UPI payments, but what exactly is a digital payment system and why is it important for the Indian economy?

Digital payments to hit 617.3 bn in volume, Rs 907.3 trn value by FY2030

Transaction volumes have increased by 37 per cent to 206 billion, while value has jumped 30 per cent to Rs 299.9 trillion from FY24 to FY25

Razorpay, NPCI, OpenAI team up to launch agentic payments on ChatGPT

Currently in the pilot stage, this feature allows users to shop and pay within a single chat interface

India among most technologically inclusive societies: Modi at Fintech Fest

Speaking at the Global Fintech Fest in Mumbai, Prime Minister Narendra Modi said India is witnessing around 20 billion transactions worth ₹25 lakh crore through UPI every month

Gen AI, Agentic AI set to transform India's rapidly-growing payments sector

Gen AI and Agentic AI are expected to significantly impact the country's payments landscape, where digital payments are growing at a rapid pace, according to a survey released on Wednesday. Leading consultancy PwC India's report titled 'The Indian Payments Handbook: 2025-30' said that while UPI remains central, the next wave of transformation in the fintech and payments space will be spearheaded by credit cards, followed by BBPS (Bharat Bill Payment System). The report, based on a survey of over 175 senior leaders in the fintech and payments sector, showed that 65 per cent ranked credit cards as the top growth segment, with over 90 per cent believing in their promising growth potential. "The influence of AI is another dominant theme, as 73 per cent of respondents expect Gen AI and Agentic AI to significantly impact the payments landscape," it said. PwC India's report further said digital payments in India are expected to continue their rapid growth trajectory, with overall transact

Centre to allow digital payments via biometric authentication from today

Authentications will be done using biometric data stored under the Government of India's unique identification system - Aadhar

NPCI launches new tech subsidiary to boost payments innovation in India

NPCI Tech Solutions will focus on fintech experimentation and breakthrough innovations, expanding NPCI's role in global digital payments and cross-border connectivity

India launches UPI payment system in Qatar's Lulu Group stores

India expanded the reach of the Unified Payments Interface (UPI) on Monday by launching the facility at Lulu Group's stores in Qatar, following its rollout at duty-free outlets in Hamad International Airport here last month. Launching the facility at a Lulu store, Commerce and Industry Minister Piyush Goyal said it will help facilitate smoother and more cost-effective movement of capital between the two countries. Last month, NPCI International Payments Ltd (NIPL), in partnership with Qatar National Bank (QNB), introduced UPI at point-of-sale terminals across Qatar for merchants acquired by QNB. The rollout is part of a collaboration between NPCI International Payments Ltd (NIPL), Qatar National Bank (QNB), and Japanese payments gateway NETSTARS. He also encouraged other banks and institutions in Qatar to adopt UPI. "The launch of UPI and UPI transactions is not just a digital payment solution, but has the potential to revolutionise trade between Qatar and India. It's an opportuni