Upi

With UPI integration, gold loans are becoming quicker, simpler, and more accessible than ever before.

UPI to remain free of any charges, says RBI guv Malhotra; Paytm stock jumps

RBI Governor Sanjay Malhotra's statement reinforces the government and RBI’s stance of keeping UPI a zero-cost platform to encourage wider adoption of digital payments across the country.

New UPI update: Personalised IDs arrive on Paytm and Google Pay for safer payments

According to a report by News18, Paytm and Google Pay are rolling out a feature that allows users to personalise their UPI IDs, making them look as simple as an email address.

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.

OPINION | Redesigning UPI infrastructure for the digital economy's next phase

As UPI grows exponentially, banks must modernize their infrastructure to ensure scalability, security, and compliance. Two strategies, sidecar switch or full replacement, offer paths to meet evolving demands and regulatory expectations

UPI winners and losers: Fast food, e-commerce surge, department stores collapse

UPI payments at fast-food outlets surged 255% in April–August 2025 from the same period in 2023, while transactions at department stores slumped nearly 80%

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 to be integrated with Universal Postal Union to speed up cross-border remittances

India is also seeking to run the Council of Administration and the Postal Operations Council of the UPU and is proposing to enhance the global postal community.

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

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

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

Infosys icons reject IT obituary, IT Minister meets RMG industry, Big Tech’s India hiring despite Trump tariff woes, and UPI’s record run | MC Tech3

In today’s Tech3 from Moneycontrol, we bring you the top stories in startups and tech. Infosys legends Nandan Nilekani, Narayana Murthy, and Salil Parekh brush off AI fears, calling it an opportunity. The government meets gaming firms as Games24x7 begins layoffs after the real-money gaming ban. Big Tech continues to hire aggressively in India despite tariff tensions, and UPI crosses the 20 billion monthly transactions milestone.

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.

India's deepening Africa partnership

After Namibia became the first African country to sign an agreement to adopt UPI, more countries are coming forward, External Affairs MoS Kirti Vardhan Singh told Moneycontrol. India's expertise in digital public infrastructure and it's effect on bringing about social change is reaching far and wide, he added.

Banks don't get paid a penny for providing all the pipes for UPI, says Axis Bank's Amitabh Chaudhry

Axis Bank's MD said that the growth on the income side has been subdued, as a lot of the charges have been removed over a period of time.

Gaming industry contributed 10% of revenue for several payment firms, impact on UPI volume and value minimal

The move may push a lot of users to international betting sites, where customers can load money through credit cards, making it harder for the government to monitor and regulate such transactions

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

Stripe’s UPI glitch mars OpenAI's India plan launch

Interestingly, Apple allows only UPI Autopay for subscriptions in India after multiple regulatory changes on credit card recurring payments caused big disruptions

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

Banks recommend new GST slab of Rs 1 crore to curb merchants ditching digital payments

DFS sought comments from banks, RBI and NPCI on the existing GST slab of Rs 40 lakh for shopkeepers, whether it should be raised, and by how much, sources said

RBI Governor clarifies UPI stance: Costs exist but who pays remains unclear

RBI Governor Sanjay Malhotra clarified, "I never said UPI cannot be free forever. The question, I believe, was whether charges like MDR would be passed on to consumers. I responded by saying that there are costs involved."

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

Payment fintechs are getting squeezed as banks add charges for UPI merchant transactions

The bank charges are limited to those accounts where the PAs use the banks for merchant acquisition. Since the fees is 0.02%, PAs are likely to absorb the cost and are not expected to pass these to merchants immediately