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The Latest Breaking News from UPI

In the 1970s, actor Robert Stack owned California acreage that included a private game preserve; his unusual landholding offered a glimpse into Hollywood's forgotten ranch culture

In the 1970s, while Robert Stack was already a familiar face on American television, the actor owned an unusual piece of California real estate far removed from Hollywood's studio lots and city life. Stack had acreage in the Sacramento area that included a private game preserve and duck club, according…

The Times of India

India's payment wonder comes handy amid Nepal's fatal flood fury

India's Unified Payments Interface (UPI) system is now instrumental in aiding Nepal's disaster relief fund donations. Donors in India can activate UPI International for easier contributions. This marks a new use case for UPI beyond tourist payments. Nepal's embassy requested activation for QR code donations. This development highlights UPI's growing…

The Economic Times

India preparing rollout of agentic payments on UPI

While leading payment companies have launched such frameworks in the U.S., Europe, Singapore and Australia, a rollout on the popular Unified Payments Interface would also put India among the first countries to have ‌a national infrastructure ⁠for ⁠agentic AI payments.

The Economic Times

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Festive surge drives UPI near record ₹29.8 lakh crore milestone across 24.5 billion transactions

India's UPI processed transactions near record highs in August, reaching ₹29.8 lakh crore. The platform handled a fresh record of 24.51 billion transactions, a significant jump from July. This impressive performance was bolstered by festive activity and expanding consumer adoption across the nation. Industry experts highlight the importance of resilient…

The Economic Times

NIPL and Uzbekistan's HUMO sign agreement enabling Indian travelers' seamless transactions

NPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travellers can now use UPI-enabled apps to scan UZQR codes. This pact allows instant merchant payments across Uzbekistan for tourists and students. The agreement removes foreign exchange mark-ups and the need for cash. UPI is now operational…

The Economic Times

No smartphone, no internet, no problem: PhonePe launches UPI 123Pay to let 200 million+ feature phone users make digital payments; here’s how it works

PhonePe has unveiled UPI 123Pay, a new service for feature phone users that enables seamless transactions without an internet connection. The initiative targets more than 200 million users, helping expand access to digital payments across India. It supports both peer-to-peer and merchant payments using mobile numbers or UPI IDs, with…

The Economic Times

UPI’s market share expands more at debit, credit cards’ expense

UPI now dominates India's digital merchant payments, capturing a significant market share. Credit and debit cards are steadily losing their previous positions in this sector. The digital payments market continues to expand, with UPI capturing much of this growth. Proposed changes may introduce nominal charges on select higher-value UPI merchant…

The Economic Times

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Golgappa and vegetable sellers far intelligent than Rahul Gandhi: BJP attacks Congress for 'mocking' UPI

The Bharatiya Janata Party criticised the Congress for its past doubts about the Unified Payments Interface. This digital payment system has become the world's largest real-time platform. UPI transactions have seen a massive increase in volume and value over ten years. The party highlighted its widespread adoption and availability in…

The Economic Times

UPI transactions in value terms witnesses more than 4,000 fold jump over the decade

UPI has completed 10 years, with annual transaction value soaring from ₹0.07 lakh crore in FY17 to around ₹314 lakh crore in FY26. Transaction volumes have jumped nearly 13,000-fold, making UPI the backbone of everyday digital payments across India.

The Economic Times

UPI completes 10 years: PM Modi calls it a major turning point for India’s digital payments

Prime Minister Narendra Modi on Tuesday termed the Unified Payments Interface (UPI) a "major turning point" in the country's digital payments journey, as the interface completed 10 years since its launch.

The Economic Times

UPI completes 10 years, clocks nearly 13,000-fold rise in transaction volume

UPI has completed a decade of transforming India’s digital payments ecosystem, with annual transactions surging from 1.78 crore in 2016-17 to 24,162 crore in 2025-26. Transaction value rose to Rs 314 lakh crore, while monthly volumes hit a record 2,366 crore in July 2026. UPI now operates across 11 countries…

The Economic Times

The 'trustworthy' changes in the lives of India's middle class

Digital payments and tax reforms have significantly altered middle-class spending habits. GST has streamlined consumption taxes, impacting everyday purchases and larger items. Real estate regulations offer homebuyers greater protection during significant financial commitments. JAM trinity and telecom reforms increased formal financial access for many citizens. Infrastructure upgrades and digital services…

The Economic Times

Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitability

Navi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives. Despite this setback, the company projects a turnaround to profitability in FY27. UPI is recognised as a vital mechanism for attracting customers, and lending remains a core source…

The Economic Times

Qatar launches new UPI route to send money to India

Qatar Post, in partnership with India Post, has launched PosTransfer, a new remittance service aimed at simplifying money transfers. This service focuses on enabling direct transactions to UPI-linked bank accounts in India, with transfer amounts ranging from QAR 10 to QAR 4,000 for a nominal flat fee. This collaboration not…

The Economic Times

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The Economic Times

How India's digital infrastructure opened global markets to Indian investors

Indian residents' outward remittances have significantly increased, reaching a record USD 31.73 billion by FY2023-24. Digital reforms and infrastructure upgrades have streamlined the process for investing abroad. Online Form A2 submissions and remote identification now allow faster transactions. Recent changes have removed value caps and widened permissible remittance purposes. These…

The Economic Times

Independence Day 2026: The road to UPI — India’s payments revolution was centuries in the making

India’s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal banking, electronic transfers and the digital infrastructure behind UPI. Each technological leap solved the same fundamental challenge: enabling money to travel securely and efficiently without physically moving cash from one place…

The Economic Times

Man loses Rs 9,800 after scratching a fake UPI cashback card; consumer commission orders Federal Bank to pay 17,800; know why

A man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under RBI guidelines, then quietly reversed the credit weeks later, blaming the customer. A Kerala consumer commission has now ordered the bank to restore the full amount…

The Economic Times

India won political freedom in 1947. Financial freedom is the next frontier

Navneet Munot, MD and CEO of HDFC AMC, writes on how Indian households are building financial freedom through capital markets, UPI, and systematic investment plans. With mutual fund assets crossing Rs 82 lakh crore and strong domestic flows, Indian investors are steadily securing their future, one SIP at a time.

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The Economic Times

Travelling to Sri Lanka? Indian tourists can now save 20% on PickMe rides with UPI payments

Indian tourists can now enjoy a flat twenty percent discount on PickMe rides in Sri Lanka. This offer is valid for rides paid for using UPI, up to a limit of seven hundred fifty Sri Lankan rupees. The initiative aims to encourage digital payments and reduce cash reliance for Indian…

The Economic Times

Slice posts Q1 profit of Rs 51 crore as banking pivot gathers pace

Slice’s Q1 results come as the company explores a $50-100 million fundraise at a valuation below $1 billion, ET reported in April. If completed, the round would mark a drop from its last-known $1.3 billion valuation, as Slice expands its digital banking business across lending, deposits and UPI-led payments.

The Economic Times

RBI Governor Malhotra outlines which Indian banks will win the AI era

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes, rather than simply adopting AI faster. Speaking at FIBAC 2026, he said AI will reshape risk assessment, customer service, capital pricing and…

The Economic Times

Indian diaspora could be UPI’s ticket to the global payments map

NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could enter 15-20 markets over the next decade. NPCI is in talks with Japan, Malaysia and Bahrain, while exploring AI-enabled payments and building on UPI’s presence in nine countries.

The Economic Times

UPI to remain free for users; nominal MDR may apply to select merchant transactions

Consumers will not face any charges for UPI payments. Most merchant transactions will also remain free of cost. Any future charges will apply to limited merchant transactions above a threshold. This move aims to ensure UPI's long-term sustainability and technological advancement. The government stated UPI will remain free for citizens.

The Economic Times

PhonePe, Razorpay chiefs say UPI will stay free for users, back sustainable model

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infrastructure and businesses. Larger businesses may face merchant charges, while small merchants remain exempt. This follows parliamentary approval to allow charges on digital payment modes. Future charges will be borne by…

The Economic Times

Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovations

The Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, the article argues they may burden small merchants, weaken financial inclusion and undermine the affordability behind UPI’s growth.

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