April 17, 2026

Unified Payments Interface

From queues to QR codes: How UPI transformed India’s digital payments, now driving 49% of global real-time transactions – The Times of India

From queues to QR codes: How UPI transformed India’s digital payments, now driving 49% of global real-time transactions – The Times of India

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India’s financial ecosystem has undergone a major transformation in recent years, with the Unified Payments Interface (UPI) emerging as the centrepiece of the country’s digital payments revolution. Just ten years ago, financial transactions in the country were slow and largely cash-dependent but now, they are just a touch or click away, enabling instant, seamless and…

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Panel calls for making UPI viable, cybersecurity better – The Times of India

Panel calls for making UPI viable, cybersecurity better – The Times of India

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MUMBAI: The standing committee on finance has flagged concerns over the financial sustainability of digital payments, gaps in formal lending, cybersecurity weaknesses in banks, and declining insurance penetration in its 32nd report presented in March 2026 while examining the “demands for grants (2026-27)” for the Department of Financial Services (DFS)under the finance ministry.The committee, which…

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India in talks with China’s Ant International to link UPI with Alipay+ for cross-border payments – The Times of India

India in talks with China’s Ant International to link UPI with Alipay+ for cross-border payments – The Times of India

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India is in discussions with China-related Ant International to allow integration of the digital payments platform Alipay+ with the country’s instant payments system, Unified Payments Interface (UPI). The move could ease cross-border transactions for Indian travellers across merchants that have signed up with Alipay+, Reuters reported, citing two government sources.This would heavily simplify the overseas…

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Digital dominance: UPI tops global real-time payments with 49% share; govt tells Lok Sabha – The Times of India

Digital dominance: UPI tops global real-time payments with 49% share; govt tells Lok Sabha – The Times of India

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India’s Unified Payments Interface (UPI) has been recognised as the world’s largest retail real-time payment system by transaction volume, accounting for nearly half of all such transactions globally, the government told Parliament on Monday.Citing an International Monetary Fund (IMF) report titled ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025, the government said…

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India drives 85% of transactions through UPI; DPPs boost financial inclusion: RBI Governor – The Times of India

India drives 85% of transactions through UPI; DPPs boost financial inclusion: RBI Governor – The Times of India

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India processes around 85 per cent of its digital payments via the Unified Payments Interface (UPI), making the country a leading example of inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra said.Speaking at the “High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms” organised by the RBI on the…

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Payment revolution! Facial recognition, fingerprints to soon authenticate UPI payments, Aadhaar biometric data to be used: Report – The Times of India

Payment revolution! Facial recognition, fingerprints to soon authenticate UPI payments, Aadhaar biometric data to be used: Report – The Times of India

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The verification process will utilise biometric information through Aadhar identification system. (AI image) Facial recognition and fingerprint authentication – these are the two new features that may be launched for payments made through the Unified Payments Interface (UPI), according to a Reuters report.The National Payments Corporation of India, UPI’s operator, intends to display this biometric…

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Money at your fingertips via QR: UPI-based cash withdrawals to expand; convenience for rural and urban users – The Times of India

Money at your fingertips via QR: UPI-based cash withdrawals to expand; convenience for rural and urban users – The Times of India

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Cash withdrawals via smartphones are set to become more widely accessible in India, as plans are underway to extend the unified payments interface (UPI)-based withdrawal facility beyond ATMs to over 2 million business correspondents (BCs) nationwide.Currently, UPI-driven cardless withdrawals are limited to UPI-enabled ATMs and a small number of merchants, who can disburse only Rs…

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