Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Upi

    Jump to

    • 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

    • Bengaluru: BMTC, mobility startup Chalo pilot dynamic QR-based UPI ticketing through ETMs

      Moneycontrol had earlier reported that BMTC awarded the contract to Mumbai-based Chalo to supply and maintain smart electronic ticketing machines at a cost of around Rs 30 crore for four years

    • UPI collect requests: The simple trick scammers use to take money from your account

      Many UPI scams work because people think they are receiving money when they are actually approving a payment.

    • 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

    • 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

    • AI summit: Razorpay, NPCI pilot AI-backed, fully automated conversational food and grocery orders using UPI

      The UPI Reserve Pay feature lets users approve UPI spending limits and complete purchases through AI conversations

    • Reserve Bank asks NPCI to probe rising UPI autopay debit complaints: Report

      The increase in grievances, including complaints escalated to cybercrime authorities, prompted NPCI to review the issue

    • AI Summit: NPCI unveils in-house AI model to potentially handle UPI disputes, customer service, regulation and ecosystem queries

      FiMI can potentially assist users with transaction issues, mandates and payment-related queries

    • 'You can’t pay with UPI': India AI Summit accepts only 'cash' at food counters. Sparks criticism

      Despite being a flagship Digital India event, the India AI Impact Summit surprised attendees as food stalls accepted only cash, with no option to pay via cards or homegrown UPI, prompting criticism and ironic reactions on social media.

    • 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

    • UPI stocks in focus: Paytm, MobiKwik shares fall up to 3.5%; is this RBI announcement the possible reason?

      RBI will propose a framework to compensate customers up to Rs 25,000 for losses incurred in small-value fraudulent transactions, Governor Sanjay Malhotra said on Feb 6

    • Digital gold sales surge to record high of Rs 4,000 crore in January

      Over 90 percent of all digital gold purchases in the country happen through UPI.

    • Payment industry disappointed with Rs 2,000 crore budget subsidy for UPI and RuPay debit card

      The UPI transaction value growth has already dropped to 13 percent even though volume growth remains robust at around 28 percent

    • 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

    • Economic Survey 2025–26: UPI and Digital Payments widen the credit accessibility and financial inclusion

      The platform is now embedded across grocery purchases, fuel payments, dining, local mobility, bill payments and a widening range of low-value merchant transactions.

    • 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.

    • PhonePe IPO: Walmart-backed firm’s UPI dominance, new riskier businesses and other risk factors from DRHP

      In December, PhonePe processed close to 10 billion transactions worth over Rs 13.6 lakh crore through UPI platform

    • Credit line on UPI explained: How it works and why it’s challenging credit cards

      Banks are now letting borrowers pay through UPI using pre-approved credit, offering a simpler alternative to cards for everyday spending.

    • When digital fraud strikes: What to do first, what to document, and how to make your bank act

      A wrong tap or a moment’s distraction can wipe out your account in seconds. The difference between getting your money back and losing it often depends on what you do in the first hour.

    • 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

    • What happens to UPI, wallets and crypto after you’re gone

      Money has moved online faster than inheritance laws have caught up.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347