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UPI volume rises 27% to touch 145 billion in first half of FY27
This is against UPI volume 114 billion in during the April-September quarter of the previous financial year, according to data released by the National Payments Corporation of India (NPCI).
UPI MDR kicks in October 15: Why NPCI expects no hit to transaction volumes
NPCI CEO Dilip Asbe said the new Merchant Discount Rate is unlikely to materially affect UPI transaction volumes, with the additional revenue expected to be reinvested in payment infrastructure and technologies such as soundboxes and AI.
Proposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chief
Gold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silver differently, seeking jewellery they can experiment with and wear more often — something that is harder to do with gold…
75% of merchants insulated from UPI MDR, says NPCI CEO Dilip Asbe
Asbe explained that about 80 per cent of the total MDR value collected will come from businesses that record more than ₹1,000 crore in annual gross merchandise value (GMV)
NPCI launches tap-to-pay, unified UPI services window
The ‘Tap & Pay’ feature allows users to make UPI payments at point-of-sale terminals by unlocking their phones and tapping them on compatible devices, without opening a UPI app.
It’s time for India’s Unified Payments Interface to fund itself—without burdening people at large
Public infrastructure attracts capital if users are ready to pay fair and transparent usage charges. In the case of NPCI’s UPI too, the user-pays principle should apply. Let the Reserve Bank of India’s e-rupee serve as the country’s digital cash.
Biometric UPI transactions top 600 million in June , says NPCI
Pine Labs in talks with NPCI for ‘autonomous’ UPI payments on Model Context Protocol
As Pine Labs revealed it will enable "autonomous" UPI payments on its MCP server, questions remain over how it works and whether prompts and metadata will be retained for AI training. The post Pine Labs in talks with NPCI for ‘autonomous’ UPI payments on Mod…
NPCI to roll out one Soundbox for all UPI apps: What it means for retail payments
NPCI is building a unified, interoperable Soundbox for merchants, letting them accept UPI payments from any app via one device. While it cuts costs for merchants, it could dent revenues for PhonePe, BharatPe, and Paytm. The post NPCI to roll out one Soundbox …
New financial services features on app to help work in collaboration with banks, says NPCI BHIM Services MD
NPCI BHIM Services plans new app features to enhance collaboration with banks and improve profitability, says MD Lalitha Nataraj.
Viyona Fintech gets NPCI certification
With this milestone, Hyderabad-based Viyona joins a select group of fintech infrastructure players building end-to-end payment orchestration capabilities aligned with National Payments Corporation of India standards.