UPI
Latest news, explainers and analysis on UPI. Tracking 10 stories on Arth Vani.
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Latest on UPI
New LaunchBreakingQatar-to-India Money Transfers Now Possible via UPI at Post Offices
India Post and Qatar Post have launched PosTransfer, a new UPI-based remittance service. This allows individuals in Qatar to send money almost instantly to UPI-linked bank accounts in India through post offices.
BreakingUPI Dominates Gen Z Spending: How India's Youth Manage Bills and Subscriptions
India's Gen Z is increasingly relying on UPI for both essential and discretionary spending, moving away from traditional cash and card methods. From utility bills to recurring digital subscriptions, digital payments have become the primary financial tool for this demographic.
BreakingUPI Transaction Fees: What You Need to Know
The era of free UPI transactions is coming to an end for certain payment service providers. New regulations are set to introduce charges for specific UPI activities, potentially impacting how users make payments.
BreakingUPI Remains Free for Consumers and Small Merchants, Government Clarifies
The Indian government has confirmed that using UPI will continue to be free for consumers and small merchants. Potential Merchant Discount Rate (MDR) charges may only apply to a select category of transactions exceeding a certain threshold, which is yet to be specified.
BreakingUPI Payments Remain Free for Users; Select Merchant Transactions May See Nominal MDR
The government has confirmed that UPI payments will continue to be free for Indian consumers. While most merchant transactions will also remain free, a nominal Merchant Discount Rate (MDR) may be introduced for a limited number of high-value merchant transactions in the future.
New LaunchBreakingGovernment May Reintroduce UPI Charges for Large Merchant Transactions Over ₹2,000
The Indian government is considering reintroducing Merchant Discount Rate (MDR) for UPI transactions made to large merchants, specifically those exceeding ₹2,000. This move, part of proposed amendments to the Payment and Settlement Systems Act, aims to help banks and fintech firms recover technology and infrastructure investments in the digital payments ecosystem.
BreakingUPI Transactions Soar to Record ₹29.9 Lakh Crore in July
India's popular Unified Payments Interface (UPI) recorded a new high in July, processing transactions worth a staggering ₹29.9 lakh crore. This monumental figure was achieved across 23.66 billion transactions, marking a significant 19% increase in value compared to last year.
New LaunchBreakingUPI Transaction Fees: Merchant Discount Rate (MDR) Debate Reignites
After nearly six years of zero-cost transactions, the debate around introducing Merchant Discount Rate (MDR) for UPI payments is back on the table. This could potentially impact transaction costs for merchants and, indirectly, consumers.
Why Indian Consumers Should Tune Into Payments Podcasts for Digital Finance Insights
A global trend highlighted by Yahoo Finance points to the value of payments-focused podcasts. For Indian retail consumers, understanding the rapidly evolving digital payment landscape is crucial for managing finances, navigating UPI, and ensuring online transaction security. Such audio content offers an accessible way to stay informed about fintech innovations and smart money management.
Human Oversight Proposed for AI-Driven UPI Payments
The Indian Computer Emergency Response Team (CERT-In) has suggested mandatory human intervention for high-value payments made through AI agents. This comes as NPCI and fintech companies are developing systems that could allow AI to initiate UPI transactions, aiming to ensure security and accountability.
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