Topic
The Unified Payments Interface, India's real-time payment system run by NPCI.
12 storiesLatest 28 Aug 2026, 10:35 IST
Fintech/
UPI does not have one limit, which is why two payments of the same size can behave differently. NPCI raised person-to-merchant caps for specific verified categories while leaving person-to-person transfers untouched. Here is the map, and why a payment fails.
Enforcement
The Directorate General of GST Intelligence blocked 357 offshore online money-gaming websites and provisionally attached Rs 122.05 crore in a GST-evasion crackdown reported on 22 March 2025.
Enforcement
A Special CBI Court in Bengaluru convicted an EPFO assistant on 19 June 2026 under the Prevention of Corruption Act for taking UPI bribes to settle PF claims, and jailed him for three years.
Markets
SEBI Circular 2025/86 (11 June 2025) makes registered intermediaries collect investor payments via standardised, validated UPI IDs with a green-triangle icon from 1 October 2025. Here is how to verify one before you pay.
Startups
Anthropic has switched Claude to rupee pricing in India, its second-largest market, but the missing UPI option leaves OpenAI holding a payments edge.
Markets
RBI's February 2026 statement proposed harmonised gold-loan norms across all regulated entities, eased branch expansion for large gold-loan NBFCs, and flagged a review of the Rs 1 lakh UPI P2M limit.
Markets
SEBI Circular dated 11 June 2025 makes standardised, validated and exclusive UPI IDs the only safe rail for funding registered intermediaries. Here is the pre-funding checklist every trader must run.
Startups
Apple's next iPhone software scatters AI across Messages, Wallet and Safari instead of one chatbot. For Indian users, the bill-splitting feature is the tell.
Startups
A Lisbon-built iOS app wants to turn your camera roll of screenshots into a searchable memory bank. The pitch won over General Catalyst, but can it beat Google to it?
Fintech
India's Unified Payments Interface processed over 20 billion monthly transactions in March 2026, cementing its position as the world's largest real-time payment system. We break down what the data reveals.
Fintech
The Reserve Bank of India has raised the per-transaction UPI limit from 1 lakh to 5 lakh for retail payments and enabled credit line access via UPI on RuPay infrastructure.
Fintech
The RBI has approved WhatsApp Pay to extend UPI services to its full 500 million user base in India, removing the earlier cap. This could reshape the competitive dynamics of the UPI payment landscape.
