India's UPI to get three new features, payments likely to be more efficient after update. India's homegrown digital payments platform UPI is going global. The fintech sector is overjoyed. It's another boost to the brand India. But analysts say a lot needs to be done before UPI takes off on the world stage.

India's UPI to get three new features, payments likely to be more efficient after update

The Reserve Bank of India (RBI) announced new features for the Unified Payments Interface (UPI) on Thursday. The new changes have the potential to revolutionise the online payment method that will also allow transactions through a conversation with an artificial intelligence (AI) system.

UPI to get an upgrade as RBI announces new features including AI-powered transactions | Details

A recent report by PWC India has unveiled some staggering projections that showcase the remarkable transformation taking place in India's payment landscape. According to the report, the unified payments interface, or UPI, is on a trajectory to achieve an astonishing milestone of 1 billion transactions per day by 2026-27.

UPI to take over 90% of retail digital payments in India

India’s Minister for Railways Ashwini Vaishnaw said that the Indian digital transaction system—the Unified Payments Interface—is getting global attention and added that many have expressed interest to implement it in their countries.

India’s UPI system gaining global attention: Indian Railways Minister Ashwini Vaishnaw to WION

National Payments Corporation of India (NPCI), the governing body of Unified Payment Interface (UPI) - India's prominent digital payment network - has announced it will be levying Prepaid Payment Instruments (PPI) fees on merchant transactions, beginning April 1.

India: UPI transactions to cost from April. Know what it means for you

The Union finance ministry told the Parliament that more than 95,000 fraud cases of Unified Payments Interface (UPI) transactions were recorded in the country in 2022-23.

Over 95,000 UPI fraud cases reported last year: Union finance ministry

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