upi | DD News

September 18, 2026 7:51 PM

Jaishankar Concludes Bhutan Visit, India, Bhutan Review Wide-Ranging Bilateral Ties

External Affairs Minister S Jaishankar on Friday concluded his three-day official visit to Bhutan, during which he reviewed the entire gamut of bilateral cooperation with the country’s top leadership and held discussions on regional and international issues of mutual importance. “Concluded a productive visit to Bhutan. Touched by the warmth of our unique ties of friendship. Kadrinchey La!” Jaishankar said in a post on X at the conclusion of his visit. https://x.com/DrSJaishankar/status/2...

September 16, 2026 12:49 AM

MDR Framework to Support Long-Term Sustainability of UPI Ecosystem: RBI

The Reserve Bank of India (RBI) on Tuesday said the introduction of a Merchant Discount Rate (MDR) on large-value UPI transactions is an important step towards strengthening the long-term sustainability of India's digital payments ecosystem. In a statement, the central bank said an appropriate distribution of MDR among participants in the payments ecosystem will support continued investment in technology, infrastructure and acceptance networks. The RBI said this would help expand UPI acceptanc...

September 15, 2026 9:05 PM

UPI to Remain Free for P2P Transactions, 96% of Merchant Payments

The Unified Payments Interface (UPI) will continue to remain completely free for all person-to-person transactions, irrespective of the amount transferred, under the new UPI framework, the government said on Tuesday. The framework will also keep merchant payments up to ₹2,000 free of Merchant Discount Rate (MDR). Payments received by eligible small merchants under the zero-MDR framework will also remain free. As a result, approximately 96 per cent of all person-to-merchant (P2M) UPI transact...

September 11, 2026 12:56 PM

BRICS Business Forum: Goyal calls for linked payment systems, local currency trade

Union Commerce and Industry Minister Piyush Goyal on Friday called on BRICS member and partner countries to deepen economic cooperation by opening markets, simplifying regulatory procedures, linking payment systems and promoting trade in local currencies. Addressing the opening session of the BRICS Business Forum in New Delhi, Goyal said BRICS, which accounts for nearly one-fourth of global trade, has significant potential to strengthen trade and investment partnerships and build more resilient...

September 10, 2026 10:20 AM

BRICS WBA chair highlights UPI-modelled digital public infrastructure paper, calls India’s presidency “phenomenal”

India’s presidency of BRICS has been “absolutely phenomenal”, said Avarna Jain, Chairperson of the BRICS Women’s Business Alliance (WBA), highlighting the body’s work on a knowledge paper on digital public infrastructure modelled on India’s Unified Payments Interface (UPI). Delhi is set to host the 18th BRICS Leaders’ Summit on September 12-13, as India concludes its 2026 chairship of the expanded grouping of major emerging economies and developing countries. “I think India’s...

September 9, 2026 5:51 PM

From UPI to global leadership, how PM Modi’s fintech vision is transforming India

India’s fintech story has become one of the most remarkable examples of how technology can transform the daily lives of ordinary people. In a relatively short period, digital payments have moved from being a new concept to becoming a normal part of everyday life. A small shopkeeper, a farmer, a student or a street vendor can now make or receive a payment within seconds. This transformation reflects the power of technology, but it also reflects the clear vision and sustained efforts of Prime Mi...

August 25, 2026 11:54 AM

UPI at 10: How India’s homegrown payment system transformed the way the country transacts

In a decade, the Unified Payments Interface (UPI) has moved from being a new digital payment mechanism to becoming an integral part of everyday life in India. From small-value payments at neighbourhood shops to bank transfers and cross-border transactions, UPI has fundamentally changed the country's digital payments landscape. Developed by the National Payments Corporation of India (NPCI), UPI was conceived as an interoperable, simple and secure platform that could bring multiple banking servic...

August 25, 2026 11:55 AM

UPI: From a digital payment platform to an engine of India’s digital transformation

Under the leadership of Prime Minister Narendra Modi, India’s digital transformation has emerged as a powerful example of how technology can be harnessed to make everyday life simpler, faster and more inclusive. The Unified Payments Interface (UPI), one of the flagship initiatives of this transformation, reflects the Prime Minister’s vision of building a digitally empowered and financially inclusive India. Since its launch in 2016, UPI has grown from a nascent payment platform into a globall...

August 25, 2026 11:34 AM

PM Modi hails 10 years of UPI, says digital payments revolution a source of pride for every Indian

Prime Minister Narendra Modi on Tuesday hailed the Unified Payments Interface (UPI) as a “major turning point” in India’s digital payments journey as the country’s flagship real-time payment system completed a decade, highlighting its unprecedented scale, reach and growing global footprint. In a post on X, PM Modi said the rollout of UPI a decade ago had transformed the way Indians make payments and urged citizens to share how the platform had impacted their lives. “A decade ago, UPI...

August 17, 2026 6:48 PM

Qatar-India Postal Remittance Service powered by UPI goes live through Qatar Post outlets

A new digital postal remittance service enabling people in Qatar to send money directly to Unified Payments Interface (UPI)-enabled bank accounts in India is now available through Qatar Post outlets, strengthening digital financial connectivity between the two countries. The Qatar-India remittance service based on PosTransfer powered by UPI was made available in Qatar on August 15, coinciding with India’s Independence Day. The service has been developed through a collaboration between Qatar P...