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PhonePe leads India's UPI market with 10.86 billion transactions in July as digital payments continue to grow.
PhonePe leads India's UPI market with 10.86 billion transactions in July as digital payments continue to grow.
Image Summary: A realistic editorial illustration showing India's UPI digital payments ecosystem, with a smartphone displaying a generic digital payment interface, merchants and consumers using cashless payments, and a subtle visual representation of infrastructure costs, banks, fintech companies and public investment.
A realistic image of a customer making a UPI payment by scanning a QR code at a retail store, highlighting India's digital payments ecosystem and merchant transactions.
Customer making a UPI QR code payment at an Indian retail store as the government considers reintroducing merchant fees for select digital transactions.
Risk-based payment checks may be introduced Key Highlights India’s digital payment ecosystem could soon witness important security upgrades as the Reserve Bank of India (RBI) and leading banks evaluate new measures to curb the sharp rise in online financial fraud. The proposed framework aims to enhance transaction security without disrupting...
Digital Payments Reach New High Key Highlights India’s digital payments ecosystem achieved another milestone in July 2026 as the Unified Payments Interface (UPI) recorded its highest-ever monthly transaction volume, reflecting the country’s growing reliance on cashless payments. According to data released by the National Payments Corporation of India (NPCI), UPI...
NPCI says it has no immediate plans to cap UPI transactions despite concerns over market concentration.The body expects new players to strengthen competition and reduce dependence on a few dominant apps. Key Highlights The National Payments Corporation of India (NPCI) has clarified that it has no immediate plans to introduce...
Users inactive for 365 days may face ₹100 quarterly maintenance charge. New Delhi, June 20, 2026: Digital payments platform PhonePe has introduced a new policy under which users with inactive wallets may be required to pay a maintenance fee. The move is aimed at managing dormant wallet accounts and encouraging...
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