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MYSTERIOUS: Npci - You Need To See This

India plans AI registry as it looks to roll out agentic payments, sources say

The landscape of digital finance is evolving as India's payments authority creates a registry specifically for AI agents. This registry aims to verify and oversee AI transactions, initially targeting UPI payments, with potential future expansions. By facilitating agentic payments, AI will be enabled to engage in frequent, minor digital transactions,…

The Economic Times

UPI still has 'lot of scope' to grow, rural and offline access key challenges: NPCI CTO

UPI still has 'lot of scope' to grow, rural and offline access key challenges: NPCI CTO

UPI has significant room for growth, especially in rural areas. Developing offline payment solutions remains a key challenge for the platform. NPCI expects UPI's international footprint to expand further into new markets. Artificial intelligence is increasingly used across NPCI's operations for various functions. The next decade will focus on user…

The Economic Times

7 UPI Fraud Requests That Look Completely Ordinary and Are Always a Scam in India

7 UPI Fraud Requests That Look Completely Ordinary and Are Always a Scam in India

The Collect Request You Did Not InitiateSomeone sends you a UPI collect request, sometimes for an amount as small as ₹1, sometimes for exactly what you're owed by a stranger online. The request looks identical to a legitimate one. The difference is that approving a collect request sends money out…

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India preparing rollout of agentic payments on UPI

While leading payment companies have launched such frameworks in the U.S., Europe, Singapore and Australia, a rollout on the popular Unified Payments Interface would also put India among the first countries to have ‌a national infrastructure ⁠for ⁠agentic AI payments.

The Economic Times

NIPL and Uzbekistan's HUMO sign agreement enabling Indian travelers' seamless transactions

NPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travellers can now use UPI-enabled apps to scan UZQR codes. This pact allows instant merchant payments across Uzbekistan for tourists and students. The agreement removes foreign exchange mark-ups and the need for cash. UPI is now operational…

The Economic Times

Indian diaspora could be UPI’s ticket to the global payments map

NPCI plans to expand UPI internationally by targeting countries with large Indian diaspora populations, with CEO Dilip Asbe saying it could enter 15-20 markets over the next decade. NPCI is in talks with Japan, Malaysia and Bahrain, while exploring AI-enabled payments and building on UPI’s presence in nine countries.

The Economic Times

PhonePe, Razorpay chiefs say UPI will stay free for users, back sustainable model

PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infrastructure and businesses. Larger businesses may face merchant charges, while small merchants remain exempt. This follows parliamentary approval to allow charges on digital payment modes. Future charges will be borne by…

The Economic Times

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Payments Council backs UPI merchant charges, says users, small businesses will remain exempt

Payments Council backs UPI merchant charges, says users, small businesses will remain exempt

PCI said small merchants, including kirana stores, should not be charged for accepting UPI payments. Any merchant service charge would be a commercial arrangement between merchants and payment providers, not a charge on customers.

The Economic Times

Nearly 55.49 crore UPI users onboarded by June 2026

Nearly 55.49 crore UPI users onboarded by June 2026

Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reached 24,162 crore in volume and Rs 314 lakh crore in value. NPCI International Payments is expanding UPI and RuPay to global markets. Security measures and international linkages enhance UPI's safety and reach. Government and…

The Economic Times

Biometric UPI transactions top 600 million in June, says NPCI

Biometric UPI transactions top 600 million in June, says NPCI

Biometric UPI transactions surpassed 600 million in June, indicating strong user preference. This secure authentication method reduces reliance on UPI PINs for faster payments. The feature supports various transactions, including RuPay Credit Card on UPI payments. Banks and UPI apps are increasingly adopting this convenient and efficient payment solution. Wider…

The Economic Times

NPCI partners with HSBC India & JP Morgan Payments to enable real-time FX settlement for international UPI payments

NPCI partners with HSBC India & JP Morgan Payments to enable real-time FX settlement for international UPI payments

India's UPI is set for a global upgrade! The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Payments to enable real-time foreign exchange conversion and faster settlement for international UPI transactions. This move promises Indians traveling abroad more transparent pricing and quicker payments, enhancing…

The Economic Times

Why Meta’s Cred investment matters for WhatsApp Pay in India

Why Meta’s Cred investment matters for WhatsApp Pay in India

Meta's substantial investment in Cred and appointing its founder Kunal Shah as global head of WhatsApp signals a major push into India's fintech landscape. For Meta, with Shah at the helm, there is a chance that WhatsApp's position in India, its largest market, will go beyond messaging into payments, commerce,…

The Economic Times

NPCI plans to enable unified e-mandate tracking for all UPI apps

NPCI plans to enable unified e-mandate tracking for all UPI apps

The National Payments Corporation of India is set to unify UPI e-mandate management for all third-party apps, allowing users to view subscriptions in one place. While viewing will be centralised, cancellations will still require visiting the original booking app. This move aims to simplify the rapidly growing UPI AutoPay feature,…

The Economic Times

UPI processes Rs 29.9 lakh crore in May; transaction volumes hit 23.2 billion

UPI processes Rs 29.9 lakh crore in May; transaction volumes hit 23.2 billion

Daily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher adoption of UPI for retail consumer payments.

The Economic Times

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The Economic Times

West Bengal Annapurna Bhandar Yojana notified: Check eligibility, direct link to portal, DBT rules, how to apply and Lakshmir Bhandar differences

West Bengal's Annapurna Yojna will soon replace Lakshmir Bhandar Scheme. Eligible women will receive Rs 3,000 monthly. This financial aid aims to boost support for economically weaker households. Existing beneficiaries will be migrated automatically. Fresh applications will be accepted online and offline. The scheme is set to begin from June…

The Economic Times

Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart bet

Happy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This and more in today’s ETtech Morning Dispatch.

The Economic Times

One soundbox soon for all payment apps as NPCI readies platform

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multiple devices. This move could significantly reduce costs for small businesses and streamline payment confirmations across all apps, fostering greater efficiency in the digital payments ecosystem.

Why Is Apple Pay Stuck in India While the World Taps and Pays?

Apple Pay promises simple tap and pay convenience, but in India this experience is still not available. Despite millions of iPhone users and India’s global leadership in digital payments, Apple Pay has not yet entered daily use. Many users feel confused when they see Apple Pay logos online but cannot…

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PayPal's new cross-border payments platform looks to make sending money easier for 2 billion users

PayPal World will facilitate cross-border, multi-currency payments, with launch partners from the US, China, India and Mexico.

UPI gets global launch at Eiffel Tower in France

India launches UPI at Eiffel Tower in Paris, marking PM Modi's vision of taking UPI global, with French tie-up.

MGNREGS deadline for mandatory Aadhaar-based wage payments extended till December 31

Centre has extended, for the fifth time, its deadline to mandate Aadhaar-based wage payments to MGNREGS workers till the end of the year; 41% of job card holders under the scheme are still unprepared

18.3% MGNREGS workers out of Aadhaar-based wage system

The government contends that ABPS accounts plug leaks, ensure speedy payments, and reduce rejections.

HRF and LibTech team flags large-scale deletion of job cards and names of MGNREGS workers in A.P.

A LibTech report has put the deletions in 2022-23 at a whopping 59.6%. A reality check by the team of HRF and LibTech in three villages spread over two mandals in Parvathipuram Manyam district shows that the reasons cited are erroneous in the case of 25 of the 30 beneficiaries.

Soon, AI will let you make a UPI payment using voice

RBI proposes to increase UPI Lite per transaction payment limit to ₹500 and enable 'Conversational Payments' on UPI, 'UPI-Lite' on-device wallet and offline payments on UPI using NFC technology to further deepen digital payments in India. This will help in faster, reliable and contactless mode of payments for everyday small…

Explained | Daily limit on UPI transactions

As transactions facilitated by the Unified Payments Interface (UPI) breach record highs, banks have opted for daily limits. These are over and above the already imposed ceilings mandated by the facilitator, the National Payments Corporation of India (NPCI), in 2021. The idea is to sustain the smoother functioning of the…

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