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The Latest Breaking News from UPI

From QR codes to fraud risks: 7 essential UPI facts every user should know

We begin this new series with Bala, a curious young learner, as he explores money concepts. His first lesson: understanding UPI and digital money. UPI (Unified Payments Interface) is an instant payment system that allows you to transfer money between any two bank accounts using a mobile app. It acts…

The Economic Times

India, Seychelles unveil 19 outcomes spanning defence, digital payments, space, health

India and Seychelles have inked 19 key agreements, bolstering bilateral ties across defense, maritime security, digital payments, space, and healthcare. Prime Minister Modi and President Herminie finalized pacts including an extradition treaty, UPI integration, and preliminary work on a new hospital. The collaboration signifies a deepening partnership between the two…

The Economic Times

NPCI plans to enable unified e-mandate tracking for all UPI apps

The National Payments Corporation of India is set to unify UPI e-mandate management for all third-party apps, allowing users to view subscriptions in one place. While viewing will be centralised, cancellations will still require visiting the original booking app. This move aims to simplify the rapidly growing UPI AutoPay feature,…

The Economic Times

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PhonePe wallet inactivity fees do not affect bank accounts or UPI transactions

PhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notifications despite app usage are reminded wallet and UPI activities are tracked separately. The company assures no deductions from bank accounts or negative wallet balances, offering 15 days' notice for users…

The Economic Times

Why India’s digital ecosystem may define next phase of agentic AI and invisible computing

India's unique relationship with technology, where smartphones serve as the sole device for millions, positions it as a crucial testing ground for AI's next phase. Moving beyond simple question-and-answer models, agentic AI will integrate seamlessly into daily life here, acting on habits and context.

The Economic Times

PhonePe, Google Pay duopoly weakens as market share slips below 80%

IPO-bound PhonePe saw its market share slip marginally to 46.3% in May, from 46.5% in the same month last year, while Google Pay’s share fell to 32.7% from 36.1% in May 2025.

The Economic Times

India launches UPI at department store in France

India's digital payment system, UPI, has expanded its global reach with a launch at Galeries Lafayette in Nice, France. This move strengthens economic and technological ties between India and France. Following its introduction at the Eiffel Tower earlier this year, UPI is now available in nine countries. This allows Indian…

The Economic Times

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Jhanvi, Riya, Simran: How a woman and agency used multiple names to ‘maid’ off with money from Delhi homes

A woman, using aliases like Jhanvi and Riya, allegedly ran a fake domestic help racket. Families seeking house helps were defrauded after paying advance fees. The scam was uncovered when a maid disappeared from a Delhi home. Police arrested two individuals, including the alleged mastermind, and are investigating further to…

The Economic Times

Modi Nears Nehru’s Record: The Economic Truth Nobody Talks About

Twelve years ago, India stood at a crucial crossroads. Growth was slowing, infrastructure gaps were visible, and millions remained outside the formal economy. Today, as Prime Minister Narendra Modi prepares to surpass Jawaharlal Nehru's record as India's longest-serving continuously elected Prime Minister, the country looks dramatically different. The numbers tell…

MyLifeXP

BharatPe Flex launched: Pay via UPI now, settle bills later with credit line and up to 45 days of interest-free usage

BharatPe and YES Bank introduce BharatPe Flex, a new credit-on-UPI service. This facility allows eligible users to make UPI payments even without immediate funds. Customers enjoy up to 45 days of interest-free credit. They can repay in full or opt for flexible EMIs from 3 to 12 months.

The Economic Times

Unified Lending Interface is a good start. Now comes the hard part

India's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.

The Economic Times

UPI processes Rs 29.9 lakh crore in May; transaction volumes hit 23.2 billion

Daily average transaction volumes rose to 748 million in May from 745 million in April, reflecting higher adoption of UPI for retail consumer payments.

The Economic Times

UPI transactions soar to record of Rs 29.9 lakh crores in May

Unified Payments Interface transactions reached record highs in May. Summer travel and the IPL fueled this surge. Value and volume of transactions saw significant growth. This indicates strong organic demand and a maturing digital payment ecosystem. Future growth is expected from credit-on-UPI and cross-border transactions.

The Economic Times

Can you use UPI abroad? Here’s what Indian travellers must know about charges, limits and security risks

Indian travellers are increasingly using UPI abroad for convenient payments, but understanding its limitations and risks is crucial. While cheaper than cards in select countries like UAE and Singapore, UPI acceptance is uneven, and backup payment options are essential. Users must be aware of transaction limits, potential failures, and fraud…

The Economic Times

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news in one place.

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The Economic Times

How your old forgotten UPI IDs may become a security risk and how to protect yourself

Deleting UPI apps doesn't deactivate associated IDs, leaving financial and privacy risks. Old, forgotten UPI IDs linked to recycled mobile numbers can be exploited by fraudsters. Users must proactively unlink accounts, cancel mandates, and deactivate IDs to ensure digital financial hygiene.

The Economic Times

Credit card transactions jump 2.6 times in four years: RBI report

Credit card transactions in India saw a significant jump between 2021 and 2025. Private banks expanded their dominance in this segment. Debit card usage, however, decreased as consumers embraced digital payment methods like UPI and digital wallets. This shift highlights the rapid digitisation of India's payment ecosystem.

The Economic Times

One soundbox soon for all payment apps as NPCI readies platform

NPCI is developing a unified, interoperable soundbox system for UPI transactions, aiming to eliminate the need for merchants to use multiple devices. This move could significantly reduce costs for small businesses and streamline payment confirmations across all apps, fostering greater efficiency in the digital payments ecosystem.

The Economic Times

Nearly half of India’s online orders are still COD. Why cash on delivery isn’t fading in the UPI era

Cash on delivery continues to drive India's online shopping. Many first-time buyers, especially in smaller towns, prefer to pay after receiving goods. This method builds trust where digital payment familiarity is growing. Businesses are using data to manage COD risks. As digital literacy and logistics improve, prepaid orders will increase,…

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news in one place.

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The Economic Times

Digital sovereignty: Powering the vision of Viksit Bharat

India's digital advancements like UPI and Aadhaar are building economic and strategic sovereignty. The nation must now focus on digital and computational sovereignty, alongside selective capability building, to achieve its Viksit Bharat vision. Addressing fragmentation and fostering strategic collaborations are key to securing global leadership in the digital era.

The Guardian - US

Trump cut funding for gun violence prevention. California’s Latino communities are facing the fallout

Non-profits are scaling back programs, raising fears of worsening violence in historically underserved communities

International Business Times UK

Who Is Anthony Kazmierczak? Unmasking the Man Behind the Ilhan Omar Town Hall Attack

A Minneapolis town hall turned chaotic on Tuesday as a man armed with a syringe targeted Rep. Ilhan Omar with an unknown liquid.

The Guardian - UK

The Guardian view on Europe’s payments problem: sovereignty starts at the till

Editorial: Donald Trump’s leverage over Visa and Mastercard highlights a blind spot in Europe’s ‘independence’ strategy. Emulating India’s response might help

MyLifeXP

Why Is Apple Pay Stuck in India While the World Taps and Pays?

Apple Pay promises simple tap and pay convenience, but in India this experience is still not available. Despite millions of iPhone users and India’s global leadership in digital payments, Apple Pay has not yet entered daily use. Many users feel confused when they see Apple Pay logos online but cannot…

International Business Times UK

Inside The Starmer-Modi Mumbai Fintech Summit And Why Some Are Saying It Is Set To 'Transform' Tech

Starmer and Modi eye quantum pacts and AI finance. With UPI's 20B txns and £6B investments, why this summit could revolutionise UK-India tech ties

Fortune

If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

Deutsche Bank's explosive scenario in a note titled, “What if ?”

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