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The Latest Breaking News from UPI

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 · Sep 9

"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 · Sep 9

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 · Sep 9

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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 · Sep 9

“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 · Sep 9

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 · Sep 9

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…

The Economic Times · Sep 9

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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…

Times Life · Sep 9

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…

The Economic Times · Sep 8

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…

The Economic Times · Sep 7

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…

Times Life · Sep 7

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 · Sep 5

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 · Sep 4

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…

The Economic Times · Sep 3

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MyLifeXP · Sep 3

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 · Sep 2

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…

The Times of India · Sep 2

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 Economic Times · Sep 2

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…

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The Economic Times · Sep 1

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 · Sep 1

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 · Aug 31

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 · Aug 31

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 · Aug 29

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 · Aug 25

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 · Aug 25

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.

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