Page 7 - Upi

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

Paytm waits on mkt cap rule to ramp up UPI: MD & CEO Vijay Shekhar Sharma

Paytm CEO says the firm will deepen its UPI push once market share caps are imposed in 2026; aims to grow merchant services, go AI-first, and expand globally

New UPI rules explained: Here's what they mean for your daily transactions

New UPI rules aim to improve speed and stability of UPI transactions during peak hours

UPI tops Rs 25 trn in July; IMPS transactions rise as FASTag volumes fall

UPI transactions in July climbed to 19.47 bn in volume and Rs 25.08 tn in value, with AePS and IMPS also rising while FASTag saw a dip in both volume and value

UPI limits to KYC verification: Key changes in finance rules from Aug 1

SBI Card discontinues complimentary air accident insurance for some of its products and PNB requests customers to complete identity verification

Zaggle acquires Rio Money for ₹22 crore to enter UPI credit card space

Zaggle Prepaid Ocean Services Ltd on Tuesday said it has acquired 100 per cent stake in fintech firm Rio Money for Rs 22 crore in a strategic move to enter the high-growth consumer credit card segment via UPI. With this acquisition, Zaggle, a major player in corporate spend management and commercial cards, has forayed into the rapidly expanding retail credit payments market, the company said in a statement. The acquisition forms part of Zaggle's broader strategy to invest proceeds from its Rs 595 crore QIP towards growth-focused, accretive acquisitions. Founded in 2023, Rio Money offers a cutting-edge UPI app that seamlessly integrates credit into UPI transactions. "Rio brings deep expertise in UPI solutions and the consumer credit cards space, with differentiated product offerings. This acquisition also enables us to drive innovation not only in corporate spend management but also in the consumer credit card segment," said Zaggle's Founder & Executive Chairman Raj P ...

PayPal partners with NPCI, others to launch cross-border payments platform

PayPal's new global platform will enable UPI-based cross-border payments, backed by partners like Mercado Pago, Tenpay Global and Venmo, with rollout set for later this year

Karnataka vendors demand relief after GST notice over UPI transactions

In Bengaluru and beyond, small vendors are switching to cash after receiving GST notices for UPI transactions over ₹40 lakh; associations call for urgent government intervention

NPCI adds 13 Indian banks to India-Singapore UPI-PayNow platform

NPCI International has added 13 more Indian banks to the India-Singapore UPI-PayNow platform, expanding the remittance network to 19 banks and enabling faster, secure cross-border fund transfers

PhonePe ropes in Meta's Shivnath Thukral as V-P for public policy

PhonePe has appointed ex-Meta India policy head Shivnath Thukral as vice-president for public policy, as the fintech firm gears up for its IPO

Explicit consent: Online's new era may shift power from apps to users

For years, the tech industry has operated on a model of "implied consent"

Passwords to vigilance: NPCI shares 5 tips for safe digital transactions

Organisation that oversees India's retail payment systems issues advisors amid rising fraud

India's ambitious energy stack takes shape, but faces legacy hurdles

The core of the India Energy Stack is to make energy pay for itself by a constant exchange of data between governments, the private sector, and consumers, but chronic problems of bad pricing remain

Trinidad & Tobago set to have UPI service: How to use service abroad

Indian visitors can scan a QR code at partner merchants and pay directly from their domestic bank accounts in rupees

India building comprehensive database of Girmitiya community: PM Modi

Addressing the Indian community in Port of Spain during his first visit to the Caribbean country, PM Modi underlined the deep emotional and cultural ties that bind India with its diaspora

UPI transaction volume dips 1.5% in June, after record rise in May

After reaching a record high in May, UPI transactions dropped in volume and value in June 2025, with IMPS, FASTag and AePS data also showing month-on-month declines

DoT proposes new cybersecurity rules to combat mobile number fraud

The Department of Telecommunications has proposed new cybersecurity rules to curb fraud by verifying mobile numbers through a new validation platform and empowering government agencies

Post offices across India to start accepting digital payments from August

Post offices across India will start accepting digital payments at counters from August after completing the rollout of a new application in their IT system, official sources said. Post offices have not been able to accept digital payments as they don't have their accounts synced with UPI (unique payment interface) system. "The Department of Posts is implementing its IT infrastructure which will have new applications that are enabled to perform transactions with Dynamic QR Code. Rollout will be completed at all post offices by August 2025," an official source told PTI. Pilot rollout of the new system under IT 2.0 has been started in the Karnataka circle. QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices. Initially, the Department of Post had introduced static QR code at the point of sale counters at the post offices to enable digital transactions. However, due to recurring technical difficulties

Govt, UPI apps to lay real-time digital tripwire for every payment tap

Extra layers of scrutiny to guard the digitally unversed

1 in 5 UPI users faced fraud; 51% victims didn't report, reveals survey

One in five UPI users in India faced fraud in the past 3 years, with 51% not filing complaints. A LocalCircles survey highlights growing risks and urges simplified, one-click reporting mechanisms