Unified Payments Interface (UPI): News
UPI crosses 800M daily transactions for first time
India's Unified Payments Interface (UPI) has hit a major milestone, processing 24.07 billion transactions worth ₹29.37 lakh crore in September.
SC refuses to stay MDR on UPI payments above ₹2,000
The Supreme Court has refused to grant an interim stay on the Indian government's new merchant discount rate (MDR) policy.
SC to hear PIL against UPI-MDR charges today
The Supreme Court of India is set to hear a plea challenging the government's decision to impose a Merchant Discount Rate (MDR) on certain UPI person-to-merchant (P2M) transactions above ₹2,000.
Mobile retailers to protest against UPI charges on October 2
Mobile phone retailers across India will observe a "No UPI Day" on October 2.
SC to hear plea against MDR on UPI payments tomorrow
The Supreme Court of India is set to hear a petition challenging the Indian government's decision to impose Merchant Discount Rate (MDR) on certain UPI transactions, tomorrow.
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.
Samsung Wallet now lets you make UPI payments using biometrics
Samsung has added on-device biometric authentication for Unified Payments Interface (UPI) transactions through its digital wallet platform, Samsung Wallet, in India.
UPI charges: Will 18% GST on MDR fee stay?
The Indian government has confirmed that it will not extend the October 15 deadline for implementing Merchant Discount Rate (MDR) on certain Unified Payments Interface (UPI) transactions.
Will new MDR rules affect salary payments via UPI?
The Indian government's recent clarification on the applicability of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions has left many employers and households wondering.
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.
SBI issues advisory ahead of nationwide bank strike
The State Bank of India (SBI) has issued a customer advisory ahead of the nationwide bank strike proposed by the United Forum of Bank Unions (UFBU) from September 28 to 30.
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.
Incentives for BHIM-UPI, RuPay debit card transactions might be removed
The Indian government is planning to withdraw the existing incentive scheme for BHIM-UPI and RuPay debit card transactions.
You can use Apple Pay in India from October
Apple is all set to launch its payment service, Apple Pay, in India next month.
5 Congress leaders were on panel recommending tiered UPI-MDR: BJP
The Bharatiya Janata Party (BJP) has claimed that five Congress MPs were part of a panel that recommended the implementation of a tiered Merchant Discount Rate (MDR) framework for the Unified Payments Interface (UPI).
'False': Government responds to 'external pressure' charge over UPI fee
The Indian government has rejected allegations that its decision to implement Merchant Discount Rate (MDR) on select Unified Payments Interface (UPI) transactions was under pressure from the United States.
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.
UPI charges explained: What changes for payments above ₹2,000?
The Indian government has said that no charges will be levied on Unified Payments Interface (UPI) transactions of up to ₹2,000.
Why are bank employees on nationwide strike today
Banking services across India were disrupted on Friday as employees and officers of public sector banks went on a nationwide strike.
UPI in US? Zelle bridge could ease payments for NRIs
Bank of America (BofA) is working on a pilot project to connect Zelle, a US-based digital payment platform, with India's Unified Payments Interface (UPI).
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.
Axis Bank now lets you set personal UPI transaction limits
Axis Bank has launched a new feature, called UPI Limit Management, that lets customers set their own transaction limits for different categories of Unified Payments Interface (UPI) transactions.
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.
KYC compliance: Millions of UPI merchants may miss RBI's deadline
The Indian payments industry is preparing for major disruptions as the Reserve Bank of India (RBI) nears its September 15 deadline for Know Your Customer (KYC) compliance.
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.
You can now use PhonePe for payments on feature phones
PhonePe has launched a new service, UPI 123Pay, to enable feature phone users to make Unified Payments Interface (UPI) payments without an internet connection.
UPI set to launch in Uzbekistan
The Unified Payments Interface (UPI) will soon be launched in Uzbekistan, the Ministry of External Affairs (MEA) has confirmed.
UPI dominates India's digital merchant payments market with 77.3% share
India's digital merchant payments market is witnessing a major shift.
'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.
UPI completes 10 years: How India's payments revolution took off
The Unified Payments Interface (UPI), India's revolutionary digital payment system, has completed a decade of operation.
Sachin Bansal's Navi raises $100M at $1.3B valuation
Navi, the fintech company founded by Flipkart co-founder Sachin Bansal, has raised $100 million in its first institutional funding round.
Fintech start-up Navi taps banks for $315M IPO
Fintech start-up Navi Ltd. is gearing up for an initial public offering (IPO) in India, with plans to raise as much as ₹30 billion ($314 million), according to Bloomberg.
You can now use UPI for taxis in Sri Lanka
NPCI International Payments Limited (NIPL) has partnered with Sri Lanka's leading ride-hailing service, PickMe, to offer a special discount for Indian tourists.
Parliament clears taxation amendment bill: How it affects you?
Finance Minister Nirmala Sitharaman has clarified that the Unified Payments Interface (UPI) will continue to remain free for consumers.
Apple Pay to launch in India by October
Apple is gearing up to launch its digital payments service, Apple Pay, in India by October, as per a Business Standard report.
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.
PhonePe, Razorpay back UPI charges on bigger merchants
Leading Indian fintechs, PhonePe and Razorpay, have supported the industry's push for merchant charges on larger businesses.