Unified Payments Interface

Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

30 Jul 2025, 11:49 AM

Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.

RBI governor hints at potential end to free UPI transactions

RBI governor hints at potential end to free UPI transactions

28 Jul 2025, 20:52 PM

India processed 18.4 billion UPI transactions worth Rs 24.04 lakh crore in June.

PayPal partners with India

PayPal partners with India's NPCI, others to launch global payments platform

23 Jul 2025, 15:06 PM

Apart from India's NPCI, PayPal has also partnered with Brazil’s Mercado Pago, Tencent Holdings’ Tenpay Global, and its own subsidiary Venmo.

NPCI profit jumps 42% to Rs 1,552 crore in FY25

NPCI profit jumps 42% to Rs 1,552 crore in FY25

25 Jun 2025, 13:02 PM

NPCI's standalone revenue grew 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in the previous financial year.

FM Nirmala Sitharaman asks NPCI to address infra gaps to curb UPI outages

FM Nirmala Sitharaman asks NPCI to address infra gaps to curb UPI outages

30 Apr 2025, 23:03 PM

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a meeting to review various aspects and the way ahead for the UPI ecosystem.

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

UPI frauds: 6.32 lakh fraud cases worth Rs 485 crore in April-September

26 Nov 2024, 22:45 PM

According to the data revealed by the Ministry of Finance in a reply to Parliament, UPI fraud incidents surged by 85% in FY24.

Fintech Highlights

  1. Eduvanz co-founder Raheel Shah steps down

  2. Dhoni's investment firm backs insurtech startup Acko

  3. Zaggle buys Rio Money to enter credit card on UPI space

  4. Ajay Seth appoited as new IRDAI chief

  5. Go Digit net profit up 37% to Rs 138 crore in April-June
  6. Read more news...

AI/Emerging Tech

  1. OpenAI launches study mode in ChatGPT amid brain rot backlash

  2. Skild AI launches general-purpose AI model for multi-purpose robots

  3. Groq nears $600 million funding at around $6 billion valuation

  4. Anthropic close to raising fresh funding at $170 billion valuation

  5. Tesla inks $16.5 billion deal with Samsung for AI chips
  6. Read more news...

Editor's Pick

  1. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

  2. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

  3. RBI vs Government: The battle over India’s digital payments ecosystem explained