Page 7 - Upi

Datanomics: Only 4% of UPI transactions to merchants may draw fee

Only about 4% of UPI merchant transactions may attract an MDR under the proposed law, while all person-to-person UPI payments will remain free

Talks on UPI MDR structure still premature, says RBI Governor Malhotra

Governor Sanjay Malhotra says discussions on a merchant discount rate for UPI are premature, stressing the need for sustained investment to strengthen India's digital payments infrastructure.

Could UPI payments become chargeable? Here's what the new Bill says

The proposed Bill doesn't impose MDR yet, but it gives the Centre the power to decide which digital payments remain free

MDR on UPI may open Rs 5,000-10,000 crore revenue pool by FY28

Amendment to PSS Act is the first of several steps; rate, threshold and revenue-sharing formula still undecided

Payments Act amendment may be a precursor to MDR on UPI payments

Proposed amendment shifts the power to notify fee-protected payment modes to the Centre, a move industry sources see as an early step towards a possible UPI MDR

UPI clocks record monthly volume as July transactions rise 4.1% to 23.66 bn

Transaction volume rose 4.1 per cent from June and 22 per cent year-on-year as everyday digital payments and growing adoption beyond metropolitan markets supported growth

Payments monetisation tough, but here for the long term: NTT Data Payments

NTT Data says India remains its most important payments market despite zero MDR challenges, as it expands Adaptis and invests in value-added payment solutions

Can UPI, NEFT or RTGS transfers trigger income-tax notice? What to know

Tax experts say one of the biggest misconceptions among taxpayers is that the income-tax department watches every small UPI transaction in real time

EPFO delays UPI-linked claim rollout to August as portal glitches persist

Retirement fund body is expected to launch the BHIM-linked UPI facility after resolving issues with its revamped member portal and stabilising the upgraded digital system

What is NPCI's UPI Meta plan that has smaller payment apps concerned?

Smaller UPI apps have urged NPCI to reconsider UPI Meta, warning the proposed one-click checkout feature could further strengthen PhonePe and Google Pay's dominance

Call for change: UPI Meta plan draws pushback from smaller players

In a joint representation, smaller payment apps urged NPCI to widen consultations, warning the proposed checkout framework could entrench the dominance of larger rivals

Offline UPI payments? UPI may soon work without the internet: How will it work?

India may soon enable offline UPI payments, allowing users to make transactions even without an internet connection on either their phone or the merchant's Point of Sale, or PoS device.

Soon, tap & pay offline via UPI: To work where internet isn't available

This opens up use-cases such as payments on flights and underground trains

Digital payments boost fintech growth; wealth-tech leads profit pool

Sector's earnings jumped 22% in FY25 to ₹1.03 trillion

Agri stocks: Analysts stay selective as rain deficit widens; top picks here

Analysts said concerns over agri stocks are justified due to the rainfall deficit, but suggested investors to stay selective rather than avoid the sector altogether.

Hidden UPI mandates: When a Rs 1 trial becomes a monthly bill | Autopay | Personal Finance

A ₹1 trial for a music streaming app, OTT platform or AI tool can quietly turn into recurring monthly deductions if users approve a UPI AutoPay mandate during sign-up .

Will AI be making UPI payments for you now? Here's how it may work

NPCI is reportedly developing a Unified Agent Protocol (UAP), a proposed framework to verify and authorise AI agents within the UPI ecosystem.

India may allow agentic AI-led UPI transactions under new NPCI protocol

NPCI is developing a Unified Agent Protocol to enable trusted AI agents to make UPI payments, positioning India at the forefront of agentic commerce

PhonePe elevates Srijon Biswas as CTO, co-founder Chari to become CPTO

PhonePe on Wednesday announced the appointment of Srijon Biswas as its Chief Technology Officer (CTO) with immediate effect. Biswas, who has been with the fintech firm for nearly a decade and previously served as the Head of Engineering, will now lead PhonePe's entire engineering organisation. He will continue to report to PhonePe Co-founder Rahul Chari, the company said in a statement. As part of a broader evolution of leadership responsibilities, Chari, who previously served as the CTO, will assume the role of Chief Product and Technology Officer (CPTO) while continuing in his capacity as co-founder. Chari's mandate already covered technology, product, trust and safety, and data sciences and analytics. He has recently added customer experience and artificial intelligence (AI) to his portfolio, alongside leading other strategic initiatives across the PhonePe Group. "As PhonePe continues to expand and grow, strengthening our technology leadership is a natural step. Srijon's ...

Hidden UPI mandates: Here's why a ₹1 trial can cost far more over time

Forgotten UPI AutoPay mandates can trigger recurring debits long after a free trial ends