Explore the latest news, in-depth reports, and executive analysis tagged with #Upi.
"Apple Pay is launching on Wednesday, starting with supporting credit cards from Axis Bank," one of the sources said.
The government's decision to reintroduce MDR has triggered a debate among merchants and the payments industry.
UPI's new 0.4% MDR grabbed headlines, but the real story is who profits. By our estimates, the top three UPI apps could get up to 40% of the MDR split.
The NPCI framework also proposes a flat Rs 5 MDR on UPI transactions above Rs 2,000 for specified merchant categories.
NPCI’s surplus (profit) declined 32% to Rs 991 crore in FY26 from Rs 1,461 crore in the previous fiscal.
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 service is powered by the Bharat Connect (BBPS) network and provides access to 22,722 billers across 30 categories.
The service will be available on select devices from Nokia, HMD, Lava International, and Itel Mobile, with more handset partnerships expected in the coming months.
The company also plans to continue hiring senior bankers and investment specialists as it scales the new platform.
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.
This video captures the economics, the loopholes, who actually wins if MDR returns, and why the government might be playing a longer game than just UPI.
The proposed amendment, tabled by FM Nirmala Sitharaman, marks a shift from the existing legal framework, under which UPI enjoys a statutory exemption from MDR.
In this edition, we unpack Paytm's renewed Postpaid push and what has changed since its heyday; and what Sarvam AI's appointment of frontier AI researcher Devendra Chaplot signals...
In a joint representation, seven UPI apps have raised concerns around competition, customer choice, market concentration, security, transaction success rates and operational complexity.
In this edition, we revisit the longest-running payments debate i.e. UPI MDR; and we explore what happens when sovereign AI, venture capital and national interest collide.
A simple way to look at it is: Meta may have finally found a way to monetize WhatsApp; Cred gets fresh capital; and Kunal Shah gets a global role. But is that really the whole story?
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.
