"upi"

Parliament passed the Taxation and Other Laws (Amendment) Bill, 2026, with Finance Minister Nirmala Sitharaman clarifying that UPI will remain free for consumers. The legislation also seeks to attract foreign capital, boost electronics manufacturing and ease operations for global cloud companies

The Lok Sabha has passed a Bill amending the Payment and Settlement Systems Act, enabling the government to permit Merchant Discount Rate (MDR) on UPI and other notified digital payment modes. The amendment seeks to create a sustainable revenue model for payment service providers

Indian travellers can now use UPI to book tickets online for At the Top, Burj Khalifa, making it the first UAE attraction to accept the payment system for e-commerce transactions. The initiative strengthens digital payment connectivity between India and the UAE

Prime Minister Narendra Modi said India is setting a new global development model despite worldwide challenges, highlighting rapid economic growth, digital innovation and technological progress. Addressing the Indian community in Auckland, he also emphasised stronger India-New Zealand ties and future trade opportunities

New Zealand has expressed openness to adopting India's Unified Payments Interface (UPI), with Trade Minister Todd McClay saying the country's regulatory environment can accommodate the digital payment platform. The remarks come as UPI continues expanding globally through international payment partnerships.

Prime Minister Narendra Modi announced integration of India’s UPI with Indonesia’s payment system to ease cross-border transactions. The two countries also expanded cooperation in technology, critical minerals, maritime security, space, education and cultural heritage during bilateral talks in Jakarta

India and Seychelles unveiled 19 agreements after talks between Prime Minister Narendra Modi and President Patrick Herminie, strengthening cooperation in defence, maritime security, digital payments, healthcare, space, education and development, while marking 50 years of diplomatic relations between the two nations

Hyderabad Police have advised parents to closely monitor their children's online gaming activities amid rising complaints of unauthorised in-game purchases and excessive gaming. The advisory highlighted the health and behavioural risks of gaming addiction and offered support sessions for parents and schools.

Finance Minister Nirmala Sitharaman accused Rahul Gandhi of consistently portraying India negatively and ignoring its economic progress. Highlighting growth, poverty reduction, welfare schemes and digital infrastructure, she said India remains resilient despite global challenges and continues advancing towards Viksit Bharat 2047

South African Reserve Bank Governor Lesetja Kganyago has cited India’s UPI as a model for reducing cash dependence. As South Africa develops a free real-time payment system, UPI’s success in driving digital transactions is being viewed as a benchmark

Several financial changes have come into effect from June 1, including new UPI security measures, revised ATM withdrawal rules, tax-related deadlines and higher commercial LPG prices. Consumers and businesses are also tracking EPFO developments and the RBI's upcoming policy review.

India’s UPI digital payment system will become operational in Cyprus from next year following agreements signed during Narendra Modi’s 2025 visit. The move expands UPI’s European footprint and strengthens India-Cyprus cooperation in fintech, trade and cross-border financial connectivity

WhatsApp has launched Business AI on WhatsApp in India, enabling eligible businesses to provide AI-powered customer support, automate responses, capture leads and book appointments. The feature will also support UPI payments within chats in the coming weeks.

India’s digital payments ecosystem grew 25 per cent year-on-year in April, with transactions reaching 22.35 billion. UPI continues to dominate, expanding globally and recording exponential growth, reinforcing India’s position as a leader in digital public infrastructure and fintech innovation.

As UPI marks its 10th anniversary, the government said India now accounts for 49 per cent of global real-time payments. The system processed 21.70 billion transactions in January 2026 alone and has emerged as a global benchmark for digital payments.

India and Bhutan have announced a cross-border remittance initiative integrating the UPU PosTransfer system with India’s UPI through postal networks. The initiative aims to make money transfers faster, affordable and accessible while strengthening postal and technology cooperation.

India’s digital payments platform Unified Payments Interface recorded 27% annual growth in February transaction volumes, reaching 20.39 billion, as per National Payments Corporation of India data, strengthening its global expansion and dominance over cash transactions domestically

VIYONA Fintech has partnered with EFICYENT to enable international acceptance of India’s UPI across select corridors. The collaboration will focus on merchant payments and cross-border collections, with phased rollout subject to regulatory approvals in overseas markets

India aims to expand its homegrown UPI digital payment system to more countries, especially in East Asia, Financial Services Secretary M Nagaraju said. UPI already operates in eight nations, facilitating digital transactions and supporting Indian tourists abroad

India is negotiating with about 7–8 countries, including in East Asia, to expand acceptance of its Unified Payments Interface (UPI), Financial Services Secretary M. Nagaraju said. UPI is already usable in eight countries, and India is integrating it into trade negotiations to boost fintech participation and leverage cost and scale advantages