Dilip Asbe

In December 2024, the value of transactions through UPI stands at Rs 23.24 lakh crore as compared to December 2016, when it was Rs 707.93 crore and December 2020, when it was Rs 4.16 lakh crore.

Overall ecosystem looking at strategy of migration of low-ticket transactions to UPI Lite, says NPCI CEO Dilip Asbe

NPCI international is in talks with 10 other countries for the UPI and Rupay stack after partnering with five other countries, Asbe added

UPI market share will balance out, but it will take more time than we initially envisaged: NPCI CEO Dilip Asbe

In an interview with Moneycontrol, Asbe said BHIM will become a formidable app in a couple of years, ruling out any conflict with other UPI apps. He further said that small merchants are not ready for MDR yet.

AI advancements pose cyber risk: NPCI chief Dilip Asbe urges strong mitigation

"The speed of tech is concerning because we are building stacks, and the way AI is going forward, there is associated cyber risk," Asbe said.

Fastag has huge potential, 97% toll transactions are now electronic: NPCI CEO Dilip Asbe

"The volumes may remain with UPI but these products like Fastag and BBPS (Bharat Bill Payment System) will service the niche segments, " Dilip Asbe said.

UPI would not have been built if not for Mumbai: NPCI’s Dilip Asbe

This comes at a time when entrepreneurs in the financial capital of the country are uniting together to boost and promote the tech ecosystem in the city.

60-70 percent of IPO applications coming through UPI, says NPCI CEO Dilip Asbe

NPCI’s most successful product platform remains UPI, which is expected to surpass Mastercard's daily transaction volume of 440 million soon. UPI does around 340 million transactions a day. Visa, the world's largest card network, processes an average of 750 million transactions per day

Why NPCI is the crown jewel of Indian fintech

Through a series of nimble innovations, NPCI has digitised and revolutionised Indian payments space. The high profit margins helped the organisation to keep innovating at a pace that can put even the best of the fintech start-ups to shame.

NPCI launches new UPI features to achieve 100 bn monthly transactions; details here

The new products include credit line on UPI, conversational payment mode ‘Hello UPI’, BillPay Connect, UPI Tap & Pay and UPI Lite X. Nandan Nilekani calls NPCI the crown jewel of India's technology sector.

UPI aims for 2 billion transactions a day by 2030, credit to spur next growth wave: NPCI CEO Dilip Asbe

Asbe said that UPI's next big goal will be to process 100 billion transactions per month. His comments came a few days after UPI crossed the milestone of processing over 10 billion transactions in the month of August.

Bullish on India | UPI will be key to accelerating India’s economy: NPCI CEO 

UPI has 10X growth possible still from the very current base, says Dilip Asbe

Expect ONDC to hit 200,000 transactions a day by year-end: T Koshy

Koshy also said that ONDC is working to bring financial products to the network, and this is expected to happen in the next couple of months.

NPCI elevates Vishal Kanvaty as chief technology officer

This comes at a time when NPCI is gearing up for enhancing the footprints of UPI in more countries with the Reserve Bank of India.

Investment is needed for UPI to grow 10X and reach three billion transactions a day: NPCI’s Dilip Asbe

Asbe said at News18’s Rising India Summit that there are dialogues within the ecosystem with the government and the stakeholders on how to grow UPI to 10X and how to ensure that onboarding of a large number of customers and merchants is smooth with the right investment.

Bank transactions through UPI continues to be free for customers and merchants: NPCI

NPCI issues clarification after several citizens took to social media and incorrectly said that UPI is chargeable

UPI transactions on course to reach 1 billion a day by 2025: NPCI chief

“I don't think UPI has achieved its potential yet. For a country like India, we should do 10x of what we are doing,” Asbe said.

BharatPe fight escalates: Ashneer Grover writes to NPCI, independent director alleging data theft by Bhavik Koladiya

Ashneer Grover has alleged that there is a serious breach of data of over 150 million UPI users at BharatPe by Bhavik Koladiya.

Low-ticket transaction processing costs range from 80 paise to 1 rupee: NPCI’s Dilip Asbe

The NPCI chief also said that the umbrella organisation is attempting to help credit by integrating the RuPay Credit Card on UPI.

NPCI CEO Dilip Asbe pitches UPI autopay after Elon Musk insists on $8 fee for blue ticks

National Payments Corporation of India (NPCI) managing director and chief executive Dilip Asbe replied to a tweet by billionaire Musk, saying the UPI's recurring payments offering already has 7 million users.

NPCI re-appoints Dilip Asbe as MD and CEO for five years

Asbe took over as CEO of NPCI from former Reserve Bank of India (RBI) executive Abhaya Prasad Hota in 2018.

Does NPCI CEO Dilip Asbe favour UPI over RuPay, asks Pine Labs’ Amrish Rau. Here’s his answer

Asbe believes that the card ecosystem needs to upgrade and innovate faster to give the same user experience as UPI apps.

NPCI on its toes as RBI hunts for new umbrella entity for retail payments

With this whole NUE conversation, there is a lot of pressure on the NPCI to kind of continue the innovation journey, says Managing Director and Chief Executive Officer of NPCI Dilip Asbe.

Flipkart customers to get refund within 24 hours

The instant refund will be completed using Immediate Payments System (IMPS) transfers, it said adding that the CoD IMPS return facility is currently active for banks having IMPS transaction capability.