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The government has, however, specified that banks and other system providers cannot impose any charge on RuPay-powered debit cards and UPI payments of up to Rs 2,000.
The overall value of merchant category-wise purchases via UPI fell to Rs 8.95 lakh crore in August from Rs 9.07 lakh crore in July, even as transaction volumes rose.
The value of securities brokers and dealer transactions via the unified payments interface (UPI) jumped 21.01% month-on-month to Rs 73,752.37 crore in July from Rs 60,945.24 crore in June.
Online marketplaces saw growth both in terms of volume and value in June 2026, according to NPCI data.
Asbe's appointment received shareholder approval at Swift's recent annual general meeting and is expected to receive regulatory clearance in October.
Existing Razorpay merchants can access the feature without any additional integration, as it is already available through the company's checkout ecosystem.
The total value of merchant category-wise purchases through the Unified Payments Interface (UPI) increased to Rs 8.72 lakh crore across 14,721.30 million transactions in May 2026.
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
Read about Project UPI Meta (a story with backstory). Also, we write how Industrial AI is beginning to move from experimentation to scaled deployment in India’s manufacturing sector.
UPI transactions across merchant categories witnessed a marginal decline in April 2026, with the total transaction volume slipping month-on-month to 14,110.22 million from 14,180.46 million in March.
If implemented, the move could simplify payment confirmations at crowded retail counters while reducing hardware and subscription expenses for merchants.
The overall value of the merchant category-wise purchases via UPI increased to Rs 8.61 lakh crore in March across 14,180.46 million transactions.
NPCI BHIM Services Ltd, in partnership with TransUnion CIBIL, will give BHIM app users access to their credit scores.
The overall value of the merchant category-wise purchases via UPI fell to Rs 7.72 lakh crore in February across 12,795.78 million transactions as compared to Rs 8.41 lakh crore in January across 13,608.10 million transactions.
For transactions exceeding Rs 5,000, the UPI PIN requirement remains in place as an added safeguard.
In today's edition, we look into NPCI's branding issue; and how Flipkart’s Minivet AI deal highlights how India's largest companies are responding to the AI shift.
In today’s edition of Money & Machines, we bring to you the honest opinions, critical notes and the whispers gathered on the sidelines of biggest fintech “mela" in the world.
While the government insists UPI is free, hidden charges, unsustainable incentives, and industry frustrations tell a different story.
According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
