Npci

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

AI fever, regulation calm, and FOMO in the air: What really went down at GFF 2025

The three-day event in Mumbai saw AI dominate conversations across panels and product launches, while fintech founders, regulators, and banks signalled a more measured phase of collaboration after last year’s wave of policy changes.

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.

NPCI tweaks credit line on UPI after a cold start, to launch partnership model at GFF

For small ticket unsecured loans, NBFCs tend to be more eager and earnest than banks and hence their participation is key for the product’s take off

Walmart-backed Flipkart invests $30 million in fintech arm Supermoney

Launched less than a year ago, Supermoney has quickly become India’s fifth-largest UPI app, handling about 257 million transactions a month, according to data from the National Payments Corporation of India.

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

UPI transaction value dips Rs 2,500 cr in August after Centre’s ban on online real-money gaming

The online RMG ban took effect on August 22, less than 96 hours after cabinet clearance, in what may be one of the swiftest policy moves in recent parliamentary 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.

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

NPCI to stop UPI person-to-person 'collect requests' from October to combat fraud

A 'collect request' or 'pull transaction' allows a user to request money from another user through UPI. While such person-to-person transactions are being discontinued, merchants will be allowed collect requests

UPI crosses 700 million daily transactions, doubles in two years

In August 2023, UPI was registering around 350 million transactions a day. During August last year, UPI was registering around 500 million transactions

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.

Aadhaar seeding gets easier: NPCI’s new platform lets banks check status through AePS

BASE will let micro-ATMs instantly verify Aadhaar-bank linking, making DBT and subsidy tracking simpler

Maharashtra, Karnataka top UPI transactions, 4 states report over a billion transactions

Maharashtra accounted for around 13% of UPI transactions followed by Karnataka at around 7.7%.

Credit card bills account for two-thirds of Bharat Connect payments by value

From Rs 10,000 crore in May 2024, the value of credit card bill payments crossed Rs 80,000 crore this May

NPCI profit grows 42% to cross Rs 1,500 crore in FY 25, revenue surpasses Rs 3,000 crore

NPCI, which is registered as a not-for-profit organisation, mentions net profit as surplus in its FY 24 annual financial statement

NPCI's BHIM doubles transaction volume less than a year after being spun off as separate firm

NPCI spun off BHIM as a separate arm in August 2024 to meet the growing demand for digital transactions and also to end PhonePe and Google Pay's dominance of UPI

UPI merchant transaction growth slows, marginal market share gain in the last year

Merchant payments constituted around 63.4 percent of the overall UPI payments in April 2025. In April 2024, it had reached 62.3 percent, representing a gain of only one percent

UPI transactions near 600-million daily mark in April

However, the value of transactions dipped in April to Rs 24 lakh crore from the Rs 24.8 lakh crore in the previous month but remain above Rs 20 lakh crore for the 12th month in a row

NPCI seeks third-party audit to limit UPI transaction status checks by banks

NPCI has also mandated that banks can initiate a maximum of three check transaction status APIs, preferably within two hours from the initiation/authentication of the original transaction.

Vault Matters | An alternative to NPCI is needed, but is tough to create 

A series of transaction failures which have affected the QR-based payments system in the recent times indicates that there is scope for further fine-tuning at the back end. But what exactly is the viable solution is the question

Lack of a transaction status check limiter resulted in incessant requests by banks, leading to UPI downtime

According to an NPCI rule, the banks could check a transaction's success only thrice, and the requests need to be used only once with an interval of 90 seconds

Why was UPI down for a few hours over the weekend

NPCI has advised banks and their partners to use transaction success checks only a limited number of times and at a specified frequency instead of flooding the system