BharatPe has launched ‘BharatPe Flex’, a UPI solution, in partnership with YES Bank. This allows eligible customers to use a pre-approved credit line for daily UPI transactions.
BharatPe has launched ‘BharatPe Flex’, a UPI solution, in partnership with YES Bank. This allows eligible customers to use a pre-approved credit line for daily UPI transactions.
NPCI International Payments Ltd (NIPL) has partnered with ACLEDA Bank Plc to facilitate the acceptance of the UPI in Cambodia.
With this, Cambodia has become the 9th international destination to integrate the Indian UPI system. The other countries where UPI is enabled include Singapore, the UAE, France, Mauritius, Nepal, Bhutan, Qatar, and Sri Lanka.
Bank of Baroda (BoB) has introduced biometric payment authentication and Internet of Things (IoT)-based payment capabilities on its UPI application, ‘bob इ Pay’.
The biometric feature uses Unique Identification Authority of India (UIDAI)-based face authentication to secure transactions, allowing users to authorize UPI transactions up to ₹5,000 using fingerprint or facial recognition.
Viyona Fintech India Pvt Ltd has received certification from the National Payments Corporation of India (NPCI). The certification covers integrations for UPI Acquirer, UPI Issuer, Immediate Payment Service (IMPS), and Interoperable Mobile Banking (IBMB). This development aims to provide secure and seamless digital payment solutions for banks, fintech companies, and merchants.
The RBI has signed an MoU with the European Central Bank (ECB) to enhance collaboration in the field of central banking. This agreement replaces the previous MoU signed in 2015. The updated MoU establishes a framework for regular policy dialogue and exchange of information between the two institutions.
Jio Payments Bank Ltd (JPBL) has partnered with the Ezeepay to serve as a Business Correspondent (BC). The collaboration aims to strengthen last-mile digital banking in rural and semi-urban India by providing access to basic banking facilities through local merchant outlets.
Punjab National Bank (PNB) has partnered with the fintech firm Kiwi to launch a co-branded RuPay credit card named “PNB Kiwi Credit Card” integrated with the UPI. The initiative aims to expand digital credit access and strengthen the digital payments ecosystem in India.
According to the “India Digital Payments Report- Year 2025 in Review” released by Worldline SA, the UPI processed 228.5 billion transactions in 2025. This is a 33% Year-on-Year (Y-o-Y) increase from 172.2 billion transactions in 2024. The total value of transactions reached ₹299.74 trillion.
Person-to-Merchant (P2M) transactions grew by 34% to 143.82 billion. The merchant acceptance infrastructure expanded as the number of Quick Response (QR) codes increased by 15% Y-o-Y to reach 731.38 million. The report also states that the total number of payment cards in circulation exceeded 1.62 billion by the end of 2025.
Paytm has introduced biometric authentication for UPI and cardless Automated Teller Machine (ATM) withdrawals to enhance security. These features align with the RBI guidelines for two factor authentication (2FA).
Biometric payments are capped at ₹5,000 per transaction as per the National Payments Corporation of India (NPCI) guidelines. The cardless withdrawal feature allows users to withdraw cash from ATMs without a physical card, with a maximum limit of ₹10,000 per transaction.