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    • UPI crosses 700 million daily transactions for six straights days in December

      The mobile payments platform also recorded transactions worth over Rs 1 lakh crore for the first five consecutive days during the month

    • 2026 will be breakout year for Navi, its credit-on-UPI push, says CEO Rajiv Naresh

      Navi is chasing profitability as it is looking to launch an IPO in the next fiscal and the fintech has been moving in that direction over the past six months, Naresh tells Moneycontrol

    • Paytm recovers its lost UPI base after 2 years, transaction volume hits new record in October

      Even though Paytm's latest quarterly revenue is below its FY 24 December quarter, the reduction in expenditure and rising merchant subscriptions have helped the company post a net profit for two consecutive quarters

    • Putting most digital payments through single rail could pose systemic risks, Mastercard’s Gautam Aggarwal

      RBI is probably the most advanced regulator, primarily because we have found that right balance of data sovereignty, nationalist pride, still allowing international players to co-exist, he adds

    • India WEB 3.0 Summit: PM Modi took India's digital vision to a new level, says MoS Murugan

      The minister noted that the new emerging technologies have empowered several governance tools for the government such as payments system UPI and e-marketplace

    • UPI Help: Your AI-powered assistant for smoother digital payments

      Managing UPI transactions just got easier with smart support at your fingertips.

    • UPI mapper rule to promote interoperability triggers slugfest among payment apps, chaos for consumers

      In the end, NPCI blinked. Fierce one-upmanship among UPI apps forced a rollback, restoring uneasy peace in India’s payments ecosystem

    • A record October for UPI; Diwali boom, GST cuts fuel 13% surge in transactions

      The average daily value of UPI transactions has already climbed 13 percent over September to Rs 94,000 crore. The monthly value is poised to cross Rs 28 lakh crore for the first time

    • NPCI-backed BHIM clocked Rs 4 crore revenue, Rs 68 crore loss in FY25; transactions up four-fold after spinoff

      NPCI’s move to spin off BHIM has yielded results, with the app quadrupling its transactions to 100 million within a year

    • Digital payments hit fiscal's lowest levels in September as consumers likely waited for GST cuts

      The exception to this trend was online credit card transaction value, which propelled by ecommerce festive sales, saw September month processing record-high transaction value

    • Razorpay, NPCI, OpenAI join hands to pilot ‘Agentic Payments’ on ChatGPT

      The initiative, currently in the pilot stage, will enable users to discover products and services, compare prices, and make payments through UPI without leaving the ChatGPT interface.

    • NPCI rolls out UPI payments with fingerprint and face authentication instead of PIN

      RBI has been nudging all financial institutions to follow different second-factor authentication instead of PIN and OTPs, such as behavioural risk patterns and biometrics, over other means as of now.

    • The world is finally taking us seriously: Pine Labs CEO says India fintech ready for global export

      Pine Labs CEO said that while India may not yet be taken seriously in emerging technologies like artificial intelligence, the country’s fintech story is commanding attention.

    • “Everywhere I go, India comes up; There’s a reason we’re here”: PayPal CEO Alex Chriss

      PayPal’s focus will remain on connecting India to the world rather than competing in the domestic payments market, the CEO said.

    • RBI's new authentication directions will boost security, trust in digital payments, say experts

      The RBI has come out with new authentication guidelines to secure digital payments, mandating dynamic two-factor authentication and encouraging alternative methods such as biometrics. These norms will come into effect from April 1

    • RBI's new digital payments norms allow risk-based checks beyond two-factor authentication

      New digital payment authentication norms effective April 1, says RBI

    • UPI goes live in Qatar: From duty-free to tourist hotspots, UPI payments now accepted in Qatar

      The move is expected to benefit Qatar's retail and tourism sectors as UPI acceptance will increase transaction volumes of merchants acquired by QNB.

    • PhonePe, Google Pay's UPI market share slips as Navi, super.money gain ground

      To be sure, IPO-bound PhonePe still dominates the UPI payments landscape, with a little over 45 percent market share, so these figures do not shift the competitive landscape materially

    • Powered by quick commerce, online credit card payments set to surpass offline transactions

      Shift towards UPI for small payments have also led to the decline of credit cards use at offline outlets

    • Amazon completes acquisition of Axio, to follow measured growth in lending

      Even as the credit cards in the country explode, the ecommerce firm continues to see a good demand for the BNPL product from customers with a lower income level, and helps them build a good credit history

    • UPI’s volume growth down 15 percentage points in 2025 as base effect takes hold

      India’s large informal sector, a low female work participation and the new users’ propensity to spend less could limit UPI’s future growth, say experts

    • UPI crosses 20 billion monthly transaction milestone in August, valued near Rs 25 lakh crore

      UPI had processed close to 15 billion transactions in August 2024, with the platform recording a 33 percent growth year-on-year.

    • Southern states lead UPI adoption on per capita basis, cash still the king in the east

      The southern states, with 3.56 billion transactions in July against a population of 276 million, posted the highest per person volume at 12.9. Eastern India, including populous states like Bihar and West Bengal, recorded only 3.9 transactions per person in July, while the northeast managed 5.5

    • IMPS transaction volumes hit four-year low as UPI surges in popularity

      IMPS is often used by customers for high-value transactions, with the average value of transactions being higher than Rs 13,000 in July this year, compared to UPI's Rs 1,300

    • Chart of the Day | India’s digital payments are surging, so are the risks

      As India’s digital payments soar to new heights, the journey to a cashless economy faces critical tests in security, inclusion, and regulation.

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