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NPCI chief Dilip Asbe said around 96% of UPI transaction volume is currently not expected to attract charges.
NPCI chief Dilip Asbe said around 96% of UPI transaction volume is currently not expected to attract charges.
Image Summary: A realistic editorial illustration showing India's UPI digital payments ecosystem, with a smartphone displaying a generic digital payment interface, merchants and consumers using cashless payments, and a subtle visual representation of infrastructure costs, banks, fintech companies and public investment.
Customer making a UPI QR code payment at an Indian retail store as the government considers reintroducing merchant fees for select digital transactions.
Digital Payments Reach New High Key Highlights India’s digital payments ecosystem achieved another milestone in July 2026 as the Unified Payments Interface (UPI) recorded its highest-ever monthly transaction volume, reflecting the country’s growing reliance on cashless payments. According to data released by the National Payments Corporation of India (NPCI), UPI...
NPCI says it has no immediate plans to cap UPI transactions despite concerns over market concentration.The body expects new players to strengthen competition and reduce dependence on a few dominant apps. Key Highlights The National Payments Corporation of India (NPCI) has clarified that it has no immediate plans to introduce...
NPCI is developing an NFC-based Tap-to-Pay UPI feature that will allow users to make offline payments up to ₹2,000 without an internet connection. Key Highlights Offline UPI Payments Coming Soon India’s digital payments ecosystem is set to become even more convenient as the National Payments Corporation of India (NPCI) develops...
The government is reportedly considering bringing back a limited Merchant Discount Rate on high-value UPI transactions. The proposed charge may apply only to large merchants, while ordinary users and small shopkeepers are expected to remain unaffected. Highlights The central government is reportedly examining a proposal to reintroduce the Merchant Discount...
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