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    • UPI monthly transaction value approaches 30 lakh crore, closes FY 26 with over Rs 300 lakh crore in value

      UPI transaction value grew by only 18.5 percent during FY 26, compared to 30 percent growth recorded in FY 25

    • UPI grows 30% in FY 26, likely to record 240 billion transactions

      Fintechs and payment firms request the government to reintroduce Merchant Discount Rate (MDR) to secure long-term revenue instead of relying on uncertain subsidies

    • Fintechs, payment firms worried as UPI subsidy for FY 26 yet to be disbursed

      According to industry estimates, the actual payout for FY 25 remained at Rs 1,050 crore, compared with the budgetary promise of Rs 2,000 crore and the government's final announcement of Rs 1,500 crore

    • Kunal Shah’s CRED gets payment aggregator licence from RBI

      With the PA licence, the Bengaluru-based platform joins large payment firms like Paytm and PhonePe, expanding its role in the ecosystem

    • New milestone: UPI daily transactions cross 800-million mark on March 2; February volumes up 27%

      February saw more than 700 million transactions every day, barring four. UPI has been seeing daily transaction value of more than Rs 1 lakh for 12-15 days a month

    • Fino Payments Bank's digital transactions slide amid mounting regulatory heat

      With its CEO under arrest and digital revenues halving over three quarters, the crisis-hit Fino Payments Bank has seen its UPI transaction value plunge 50% between November 2025 and January 2026.

    • Growth pangs continue for credit line on UPI despite multiple initiatives from payment firms

      As large banks become indifferent, the future of CLOU now rests on small finance banks targeting semi-urban and rural customers, where traditional credit cards have limited reach

    • Google Pay reports flat topline at Rs 1,500 crore in FY 25, net profit halves to Rs 50 crore

      Despite a high market share in UPI, Google Pay's revenue remains flat, a sharp contrast with competitors like PhonePe and Paytm, which report five times its annual earnings

    • Union Budget 2026: Nirmala Sitharaman announces Rs 2,000 crore UPI and RuPay subsidy

      To promote the adoption of digital payments, the government mandated that UPI transactions remain free for users, and in return, it will compensate payment firms for the costs they bear to facilitate them

    • Union Budget 2026: Payment companies push for bigger subsidy, return of MDR

      After a sharp shortfall in government compensation last year, payment firms are urging the Finance Ministry to hike the UPI subsidy and consider bringing back MDR for large merchants to sustain ecosystem growth.

    • Juspay raises $50 million from WestBridge Capital; turns unicorn with $1.2 billion valuation

      Juspay stated that the funding round is a mix of primary and secondary transactions. The primary capital will be used to fund the startup's expansion across international markets.

    • Any interest cap regulations on credit cards will have unintended consequences: Mastercard’s Ling Hai

      He said that any interest rate caps will exclude high-risk consumers from formal credit, though fintech innovations could soften the blow

    • Razorpay-backed POPclub's UPI transactions slump as incentive pullback hits hard

      The drop is partly tied to POP's decision to dial back cashback incentives that were deployed aggressively during the festival season to spur growth

    • Flipkart’s fintech app super.money's UPI market share stays stagnant; here’s what it’s trying next

      super.money said that it prioritises quality over quantity and it has one of the highest revenue per user among the top five UPI apps

    • IPO-bound PhonePe nears 10 billion monthly UPI transactions

      Newer UPI apps, Sachin Bansal-led Navi and Flikart Group’s super.money, along with NPCI’s subsidiary BHIM app, has gained market share over the last couple of years

    • Digital payments hit year’s highest levels in December as consumer confidence returns after GST cuts

      The notable exception to this trend was credit and debit card spending, which is online sales driven. The card spending has also been hit by UPI's popularity, which also hit record highs in December

    • Banking Central | How will payments reshape in the new year?

      The age of cashless convenience is over. The coming year will test who really owns India’s payment rails.

    • 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

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