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India’s Modi Seeks Wider Global Reach for UPI Payment System

By Uniquetimesorg September 9, 2026 0

India is looking to expand the global reach of its homegrown digital payment platform, Unified Payments Interface (UPI), with Prime Minister Narendra Modi calling for integration with payment systems in more countries. UPI, operated by the National Payments Corporation of India, is the world’s largest retail fast-payment system by transaction volume. UPI is currently Continue Reading

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India Stalls Alipay+–UPI Link Over Security Concerns

By Uniquetimesorg September 3, 2026 0

India has stalled a proposal by Alipay+ to link with the country’s Unified Payments Interface (UPI), citing national security and data protection concerns, according to three sources familiar with the discussions. The proposal, submitted in January, aimed to allow Indian travellers to use UPI-linked services at more than 150 million Alipay+ merchants across China, Hong Continue Reading

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India Prepares for AI-Driven UPI Payments

By Uniquetimesorg September 1, 2026 0

India is preparing a framework that could allow AI agents to make small digital payments through UPI without requiring users to approve every transaction, according to sources familiar with the matter. The Unified Agent Protocol could be unveiled next week at the Global Fintech Fest in Mumbai, potentially making India one of the first countries […]Continue Reading

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Razorpay Files Confidentially for $600 Million IPO, Targets Market Debut by End-2026

By Uniquetimesorg June 15, 2026 0

Indian fintech company Razorpay has confidentially submitted draft papers for an initial public offering (IPO) that is expected to raise around $600 million, according to a source familiar with the matter. The confidential filing route allows companies to keep regulatory documents private until they are ready to launch the public issue. The Bengaluru-based payments firm Continue Reading

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One MobiKwik Systems Ltd Targets ₹50 Billion NBFC Loan Book in 3–5 Years

By Uniquetimesorg May 28, 2026 0

Indian fintech firm MobiKwik plans to build a ₹50 billion ($522.5 million) loan book through its newly approved non-banking financial company (NBFC) over the next three to five years, according to CEO Bipin Preet Singh. The Gurugram-based company received the Reserve Bank of India’s approval for an NBFC licence in April and currently distributes loans […]Continue Reading

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India Plans UPI-Like EV Charging Network for Seamless Access Across Stations

By Uniquetimesorg May 12, 2026 0

India is planning a unified electric vehicle charging network that would allow EV users to locate, access and pay at any public charging station regardless of the operator, similar to how the Unified Payments Interface transformed digital payments. The proposal is expected to be discussed at a high-level meeting in Bengaluru chaired by Heavy Industries […]Continue Reading

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Biometric UPI Payments Gain Traction, Enable PIN-Free Transactions up to ₹5,000

By Uniquetimesorg April 30, 2026 0

Biometric authentication is emerging as a new layer in India’s UPI ecosystem, allowing users to approve payments using fingerprint or facial recognition instead of entering a PIN for small transactions. The feature, capped at ₹5,000 as per regulations, aims to make digital payments faster, more seamless, and secure while retaining PIN-based authentication for higher-value Continue Reading

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RBI Cancels Paytm Payments Bank Licence After Compliance Violations

By Uniquetimesorg April 25, 2026 0

India’s central bank, Reserve Bank of India, has cancelled the licence of Paytm Payments Bank, citing serious regulatory and compliance lapses. The decision comes more than two years after restrictions were imposed on the bank for failing to meet norms related to customer due diligence, fund usage, and technology systems. The regulator stated that the […]Continue Reading

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UPI Fee Debate Sparks User Backlash

By Uniquetimesorg April 11, 2026 0

Unified Payments Interface (UPI) is facing growing resistance over the possibility of transaction fees, with a LocalCircles survey revealing that nearly 75% of users would stop using the platform if charges are introduced. The findings highlight how deeply the zero-cost model is ingrained in consumer behaviour, with only a quarter of users willing to pay […]Continue Reading

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UPI QR Codes Surge 15% in 2025, Boosting Digital Payments Ecosystem

By Uniquetimesorg April 7, 2026 0

India’s digital payments landscape continued its rapid expansion in 2025, with UPI QR codes growing by 15% to reach 731.38 million, up from 633.44 million in the previous year, according to a Worldline report. This sharp rise highlights the increasing adoption of QR-based payments among merchants, strengthening the reach of the Unified Payments Interface (UPI) […]Continue Reading