National Payments Corporation of India: News
Dubai Duty Free offers Indian travelers 10% UPI discount
Indian travelers can now enjoy a 10% discount at Dubai Duty Free by using India's Unified Payments Interface (UPI) for payments.
Digital lender Fibe makes UPI debut
Digital lending platform Fibe has expanded its financial services portfolio by launching Unified Payments Interface (UPI) services on its app.
UPI processes ₹1L crore in daily transactions for 1st time
The Unified Payments Interface (UPI) has hit a new milestone, processing an average of over ₹1 lakh crore in transactions per day for the first time in October.
Paytm, Pine Labs, MobiKwik fall as UPI-MDR rollout is delayed
Paytm's stock price plummeted by as much as 6.5% after the National Payments Corporation of India (NPCI) announced a delay in the implementation of Merchant Discount Rate (MDR) for select Person-to-Merchant (P2M) Unified Payments Interface (UPI) transactions.
MDR on UPI payments in India deferred to after Diwali
The National Payments Corporation of India (NPCI) has postponed the rollout of merchant discount rate (MDR), on select person-to-merchant (P2M) unified payments interface (UPI) transactions, to immediately after Diwali.
83% of merchants unwilling to absorb new UPI-MDR charge: Survey
A recent survey by LocalCircles has revealed that a whopping 83% of merchants are not ready to absorb the new Merchant Discount Rate (MDR) for Unified Payments Interface (UPI) transactions.
UPI transactions soar to 145B in H1 FY27
The National Payments Corporation of India (NPCI) has reported a massive jump in Unified Payments Interface (UPI) transactions.
MDR on UPI not influenced by external pressure: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has dismissed allegations that the decision to introduce a 0.4% Merchant Discount Rate (MDR) on select Unified Payments Interface (UPI) transactions was influenced by external pressure.
UPI MDR proposal: 5% of collections to help small merchants
The National Payments Corporation of India (NPCI) has proposed a dedicated fund, financed from Merchant Discount Rate (MDR) collections, to support small merchants and expand digital payment infrastructure in smaller cities.
Centre to oversee UPI MDR charges daily from October 15
The Indian government has announced that it will start monitoring the Merchant Discount Rate (MDR) for Unified Payments Interface (UPI) transactions on a daily basis, starting October 15.
Insurance premiums won't get costlier despite new UPI fees
The National Payments Corporation of India (NPCI) has announced a 0.4% merchant discount rate (MDR) on select high-value person-to-merchant UPI transactions, with a cap of ₹300 per transaction.
Nithin Kamath says UPI MDR could raise costs for brokers
Zerodha co-founder Nithin Kamath has raised concerns over the proposed Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions.
ATM-related shares up by 5% today: What's the reason?
Shares of cash management companies Radiant Cash Management and CMS Info Systems surged up to 5.4% and 5%, respectively, today.
Just 17% merchants willing to bear 0.4% UPI charges: Survey
A survey conducted by LocalCircles has revealed that only 17% of merchants are willing to bear a Merchant Discount Rate (MDR) of 0.4% on Unified Payments Interface (UPI) transactions over ₹2,000.
Paytm, MobiKwik rally as UPI fees open new revenue stream
Shares of One97 Communications (Paytm's parent company), CMS Info Systems, One Mobikwik, Yes Bank, and others have surged in trade today.
UPI MDR: Who gets what from new merchant fees?
The National Payments Corporation of India (NPCI) has released a circular detailing the distribution of the new merchant discount rate (MDR) for Unified Payments Interface (UPI) transactions.
UPI payments above ₹2,000 to attract fees starting October 15
The National Payments Corporation of India (NPCI) has announced that a merchant discount rate (MDR) will be applicable on select person-to-merchant (P2M) unified payments interface (UPI) transactions from October 15.
NPCI's AiNxt and AtOM platforms are here: How they work
The National Payments Corporation of India (NPCI) has launched two new agentic artificial intelligence (AI) platforms, AiNxt and Agentic Orchestration & Messaging (AtOM), at the Global Fintech Fest 2026 in Mumbai.
You can soon perform agentic payments through UPI
India is gearing up to introduce a framework that will enable artificial intelligence (AI) agents to make small digital payments without needing approval for each transaction.
UPI transactions cross 24B for first time
The Unified Payments Interface (UPI) has witnessed a major milestone, crossing the 24 billion transaction mark for the first time in August.
You can soon port AutoPay mandates across UPI apps
The National Payments Corporation of India (NPCI) is planning to make UPI AutoPay interoperable.
'Major turning point': PM Modi marks 10 years of UPI
Prime Minister Narendra Modi on Tuesday celebrated the 10th anniversary of the Unified Payments Interface (UPI), calling it a "major turning point" in India's digital payments journey.
Indian diaspora could help UPI expand globally
The National Payments Corporation of India (NPCI), the body behind India's popular mobile payments system, is eyeing global expansion.
UPI growth slows amid debate over payment fees
The growth rate of Unified Payments Interface (UPI) transactions has slowed down by 10 percentage points in the first four months of FY27, compared to the same period last year.
UPI hits record 23.6B transactions in July
India's Unified Payments Interface (UPI) has hit a new record, processing 23.66 billion transactions worth ₹29.88 lakh crore in July 2026.
NPCI working with banks, UPI apps to strengthen user privacy
The National Payments Corporation of India (NPCI) is working with Unified Payments Interface (UPI) apps and partner banks to implement the Digital Personal Data Protection (DPDP) law, according to Moneycontrol.
You can soon make UPI payments without internet
The National Payments Corporation of India (NPCI) is working on a new feature for Unified Payments Interface (UPI), that would allow users to make payments at merchant point-of-sale terminals without an internet connection.
Over 600M biometric-based UPI transactions done in June: NPCI
The National Payments Corporation of India (NPCI) has announced that biometric-based Unified Payments Interface (UPI) transactions have crossed 600 million in June.
How NPCI plans to simplify your UPI payments abroad
The National Payments Corporation of India (NPCI) has partnered with HSBC India and J.P. Morgan Payments to make international Unified Payments Interface (UPI) transactions more efficient.
NPCI plans to integrate AI into UPI
The National Payments Corporation of India (NPCI) is considering the integration of artificial intelligence (AI) into its Unified Payments Interface (UPI).
NPCI to enable e-mandate tracking on all UPI apps
The National Payments Corporation of India (NPCI) is working on a new feature to simplify the management of electronic mandates for consumers.
Google Pay, PhonePe's combined UPI market share now below 80%
For the first time since the National Payments Corporation of India (NPCI) began publishing app-specific transaction data, PhonePe and Google Pay's combined market share has fallen below 80%.
UPI crosses 23B monthly transactions for first time
India's Unified Payments Interface (UPI) has achieved a major milestone by crossing the 23 billion monthly transaction mark for the first time in May 2026.
From June 1, these financial changes may affect you
A series of regulatory changes across taxation, banking, and clean energy sectors are set to come into effect in June.
Paytm brings UPI to teens with Pocket Money feature
Paytm has launched a new feature called 'Pocket Money,' allowing teenagers to make UPI payments even if they don't have their own bank account.
Why UPI transactions saw a MoM dip in April
India's digital payment landscape witnessed a slight dip in April, with Unified Payments Interface (UPI) transactions seeing a minor month-on-month decline.
You can now check your CIBIL score on BHIM app
In a major development, TransUnion CIBIL has integrated its consumer credit scores and Credit Information Reports (CIR) into the BHIM Payments App.
Digital gold via UPI hits record transactions in March
Digital gold purchases through Unified Payments Interface (UPI) have witnessed a massive surge in March 2026.
You can now use Face ID, fingerprint for Paytm UPI
Paytm has announced the launch of biometric authentication for Unified Payments Interface (UPI) transactions and cardless ATM withdrawals.
US flags India's UPI as trade barrier
The US has flagged India's Unified Payments Interface (UPI) and data localization rules as trade barriers.
Rediff wants to raise around ₹800cr via IPO in India
Rediff.com India Ltd, a subsidiary of fintech firm AvenuesAI Ltd, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
Paytm to resume physical gold deliveries after 8-month hiatus
Paytm, a leading mobile payments company, has announced its plan to resume physical gold deliveries for digital gold investors from next month.
UPI records over 800M transactions in a day
The Unified Payments Interface (UPI) has achieved a new milestone, crossing 800 million transactions in a single day on March 2.
UPI sets a new record with 728M daily transactions
India's Unified Payments Interface (UPI) has set a new record in February, with an average of 728 million daily transactions.
From chat to checkout: UPI agentic payments debut on Claude
Razorpay and the National Payments Corporation of India (NPCI) have teamed up to bring agentic payments to Claude AI.
NPCI, NVIDIA partner to build sovereign AI for UPI
The National Payments Corporation of India (NPCI) has announced a strategic partnership with tech giant NVIDIA.
NPCI introduces AI assistant for real-time UPI payment queries
The National Payments Corporation of India (NPCI) has launched FiMI (Finance Model for India), an artificial intelligence language model tailored for India's digital payments ecosystem.