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The Latest Breaking News from UPI

Paytm shares drop 3% after govt shields UPI payments only up to Rs 2,000 from charges. Should you buy the dip?

Paytm shares fell after the government directed banks and payment providers not to charge for UPI transactions up to Rs 2,000, raising uncertainty over charges for higher-value transactions. The decline came a day after Paytm hit a fresh 52-week high of Rs 1,840, with the stock having nearly doubled from…

The Economic Times

UPI Charges Explained: Will you pay a fee for Rs 2,000+ UPI payments? Government clarifies what users need to know

UPI Payment Charges Rules: The government has clarified confusion over UPI payment charges, saying consumers will not have to pay a transaction fee simply for making UPI payments above Rs 2,000. The Rs 2,000 threshold does not mean UPI payments become chargeable beyond that amount. Any future Merchant Discount Rate…

The Economic Times

Water bottle sold Rs 7 above MRP at temple shop, consumer court orders shopkeeper to pay Rs 7 lakh

The Kakinada district consumer commission has fined a shop licensee operating inside the Sri Veera Venkata Satyanarayana Swamy Temple at Annavaram after he charged a devotee Rs 25 for a one-litre water bottle marked at Rs 18. The commission ordered the licensee to deposit Rs 7 lakh in the Consumer…

The Economic Times

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Banks cannot impose charges on UPI payments of up to Rs 2,000, govt says

The government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments below this amount will also remain free. This clarification follows amendments to the Payment and Settlement Systems Act. Banks and system providers cannot levy any direct or indirect charges. Consumers will continue to…

The Economic Times

Jefferies' 25% CAGR club: Paytm, Groww among 5 financial stocks that can deliver up to 25% returns

Jefferies has identified Paytm, Groww, PB Fintech, AU Small Finance Bank and Poonawalla Fincorp as its 25% CAGR club of Indian financial stocks. The brokerage expects strong earnings and revenue growth over FY26-29, supported by scale, new business initiatives and operating leverage, while maintaining Buy calls on all five stocks.

The Economic Times

BRICS chief backs de-dollarisation, says local currencies are the way forward

BRICS Chamber Chairman Sameep Shastri supports de-dollarisation for a multipolar economic system. He believes local currency trade and digital transactions offer developing nations a greater voice. Businesses face multiple costs when conducting international trade through the US dollar. India aims to strengthen exports to BRICS economies while managing energy import…

The Economic Times

GFF 2026: Scindia pitches ‘digital trinity’ of connectivity, compute and trust for AI economy

GFF 2026 Scindia: Connectivity, compute, and trust are the new digital trinity for fintech and AI. India's mobile phones and telecom networks are now financial highways and bank branches. The nation is expanding digital connectivity and infrastructure for financial inclusion and economic mobility. AI will make finance predictive, personal, and…

The Economic Times

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India plans AI registry as it looks to roll out agentic payments, sources say

The landscape of digital finance is evolving as India's payments authority creates a registry specifically for AI agents. This registry aims to verify and oversee AI transactions, initially targeting UPI payments, with potential future expansions. By facilitating agentic payments, AI will be enabled to engage in frequent, minor digital transactions,…

The Economic Times

BharatPe unveils BharatPe Flex at Global Fintech Fest 2026, brings credit into everyday UPI payments

BharatPe unveiled BharatPe Flex, a new consumer credit offering built on UPI. This innovative product allows users to access credit limits up to sixty thousand rupees. Eligible users can utilise this credit for everyday UPI merchant payments seamlessly. Spends can be settled in full within forty-five days or via flexible…

The Economic Times

India economy to regain its mojo, return to current account surplus: NITI Aayog's Lahiri

NITI Aayog Vice Chairman Ashok Kumar Lahiri stated the Indian economy is performing reasonably well. He anticipates the nation will soon achieve a current account surplus. A significant challenge remains the low manufacturing share in India's overall GDP. Lahiri highlighted the positive impact of foreign investment in key sectors like…

The Economic Times

"I am happy to be Dimagi Naxal": P Chidambaram slams PM Modi's "naraaz fufa" jibe as meaningless

P Chidambaram embraces the label 'Dimagi Naxal' in response to Prime Minister Modi's remarks, considering it a badge of honor. He brushes off the 'Naraaz Fufa' comment as trivial and critiques the Prime Minister's creative terminology. Modi's call to root out those with a Naxal ideology and his reference to…

The Economic Times

Global Fintech Fest 2026: DFS Secretary Sanjay Lohiya unveils UPI credit for KCC, MUDRA borrowers

DFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credit Card and PM MUDRA Yojana borrowers to use sanctioned credit limits for merchant payments through UPI. The move could widen digital access to formal credit for farmers and small businesses, with more banks expected…

The Economic Times

UPI still has 'lot of scope' to grow, rural and offline access key challenges: NPCI CTO

UPI has significant room for growth, especially in rural areas. Developing offline payment solutions remains a key challenge for the platform. NPCI expects UPI's international footprint to expand further into new markets. Artificial intelligence is increasingly used across NPCI's operations for various functions. The next decade will focus on user…

The Economic Times

“Whether we leave anyone behind”: Sameer Nigam’s blueprint for PhonePe’s second decade

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame?

The Economic Times

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The Economic Times

Indian travellers can now use UPI to pay at Singapore’s Resorts World Sentosa

Indian travellers can now use UPI to book and pay online for attractions and experiences at Singapore’s Resorts World Sentosa, including Universal Studios Singapore. The facility follows an NPCI International-FOMO Pay partnership that will progressively expand UPI acceptance across more Singapore merchants.

The Economic Times

BRICS by BRICS: India's journey from seeking reforms to shaping global order

India's BRICS engagement has shifted from seeking a voice to offering indigenous solutions. The nation now actively shapes global order with scalable innovations and partnerships. Digital Public Infrastructure, like UPI, offers a blueprint for inclusive growth across emerging economies. BRICS facilitates exchange, allowing countries to adapt technology to their specific…

Times Life

Spotted Card Fraud in India? Here Is Exactly What to Do in the First 30 Minutes

The Clock Starts the Moment You See the AlertYour phone shows a transaction you did not make. That moment is not the time to call a family member or Google what happened. It is the time to move. Chanakya wrote in the Arthashastra that a loss identified at once is…

The Economic Times

PM Modi hails UPI at Global Fintech Fest 2026 in Mumbai, pitches non-payment transactions as fintech's next chapter

Prime Minister Narendra Modi inaugurated the Global Fintech Fest 2026 in Mumbai. He highlighted India's strong economic growth despite global challenges. The Prime Minister expressed increased confidence in achieving a Viksit Bharat goal. He noted expanding opportunities and growing risk-taking capabilities among youth. The event's theme focused on agentic AI…

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The Economic Times

Muthoot FinCorp rolls out Rs 700 crore NCD issue. Here's what investors need to know

Muthoot FinCorp has launched the fifth tranche of its secured, rated and redeemable NCDs, offering effective annual yields of 8.89% to 9.25% across four tenures ranging from 24 to 72 months. The company aims to raise up to Rs 700 crore, with proceeds earmarked for onward lending, repayment or prepayment…

Times Life

7 UPI Fraud Requests That Look Completely Ordinary and Are Always a Scam in India

The Collect Request You Did Not InitiateSomeone sends you a UPI collect request, sometimes for an amount as small as ₹1, sometimes for exactly what you're owed by a stranger online. The request looks identical to a legitimate one. The difference is that approving a collect request sends money out…

The Economic Times

Assam Teacher won National Teachers Award for sending his students home to teach their mothers, who can't read or write, about UPI payments, smartphones and reading

A geography teacher in Assam's Jorhat district has won the National Teachers' Award for a programme that sends his students home each day to teach their unschooled mothers basic digital and literacy skills, including UPI payments, smartphone use and reading. The initiative, running for two years, has since expanded to…

The Economic Times

Zero-fee travel credit card: Unlimited airport lounge access, 10% rewards on UPI transactions – Is this new co-branded card for you?

How about a card that not only offers airport privileges but also earns rewards on every eligible spend and UPI transaction, with zero forex markup on international transactions? This new co-branded credit card offers unlimited domestic lounge access, complimentary dining, among a host of other benefits, and most importantly, it…

The Economic Times

India stalls Alipay+ payments link over security, data concerns, sources say

India has stalled Alipay+'s proposal to link with its instant payments system. National security concerns and data usage questions are the primary reasons for this decision. The Indian government cited political grounds for halting the integration of the payment platforms. Law enforcement agencies also raised concerns about money laundering and…

MyLifeXP

No Internet? PhonePe’s New UPI Trick Changes Everything

For millions of Indians, making a UPI payment usually means one thing: taking out a smartphone and connecting to the internet. PhonePe is now challenging that assumption. The company has launched PhonePe UPI 123Pay, a service designed to bring UPI payments to feature phones without requiring an internet connection. PhonePe…

The Economic Times

Cash no king, but don't stash it: India wants a digital economy, but cash still holds the power of choice

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-value transactions. While digital payments offer convenience, they have also led to increased cyber fraud and financial exclusion, particularly for women. The article suggests the government's push for digitalization may stem…

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