UPI

UPI is an instant real-time payment system developed by the National Payments Corporation of India (NPCI) that enables inter-bank peer-to-peer (P2P) and peer-to-merchant (P2M) transactions through a mobile device.

Why it’s in the news: It is in the news due to its massive adoption among children, a significant push by fintech companies like Navi, and ongoing regulatory discussions regarding taxation and transaction fees.

Latest on UPI

• 34% of kindergarten pupils spend at least an hour a day on social media, study shows
• Navi’s FY26 losses up fourfold to Rs 466 crore on massive UPI push
• UPI In July: Navi Gains Market Share As PhonePe, Google Pay Slip Marginally
• Solana lending giant Jupiter now lets the same dollar earn twice
• Parliament Clears Taxation Bill; FM Re-assures No MDR On P2P UPI Payments
• UPI to remain free for users, most merchant transactions too: Govt
• UPI is recognised as a vital mechanism for attracting customers, and lending remains a core source of revenue.
• UPI, Aadhaar, and account aggregation have become the rails
• When payment flows, identity verification, and credit scoring all run through shared infrastructure, a single model failure or bias doesn't cascade through one company—it cascades through the financial system
• UPI’s Free Ride Is Over

Connections

38 entities linked to UPI across the news graph.