Search results for how does UPI payment work in India 2026 in India 2026 explained explained explained 2026
- youtube.com › watchEN
Will you soon have to pay to use UPI? Govt explains new MDR plan
Will you soon have to pay to use UPI? The government has clarified that UPI transactions for citizens will remain free, while the vast ...
- en.wikipedia.org › wiki › Unified_Payments_InterfaceEN
Unified Payments Interface - Wikipedia
## History [ [edit](https://en.wikipedia.org/w/index.php?title=Unified_Payments_Interface&action=edit§ion=1)] [[14]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-:1-14) Raghuram G. [[20]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-20)[[21]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-:4-21) UPI works on a four-pillar push-pull interoperable model where there will be a remitter/beneficiary front-end PSP ( [payment service provider](https://en.wikipedia.org/wiki/Payment_service_provider)) and a remitter/beneficiary back-end bank that settles the monetary transaction for the users. [[14]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-:1-14)[[15]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-:2-15) [[23]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-23) With the exponential growth of UPI, India became the world's largest real-time payment market with 25.5 billion annual transactions in 2020 as per data from [ACI Worldwide](https://en.wikipedia.org/wiki/ACI_Worldwide) and [GlobalData](https://en.wikipedia.org/wiki/GlobalData). [[24]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-24) [[27]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-:6-27)[[28]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-28) [[29]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-:7-29) To make UPI economically feasible for payment companies, RBI is considering a [merchant discount rate](https://en.wikipedia.org/wiki/Merchant_discount_rate) (MDR) on future UPI transactions. [[30]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-30) In its first monetary policy for the 2022–23 financial year, RBI proposed a cardless cash withdrawal facility from ATMs using UPI-based QR codes. [[31]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-31) In partnership with the NSDL Payments Bank and NPCI, ToneTag launched VoiceSE, which will enable 40 crores (400 million) feature phone users to make UPI payments using voice in [Hindi](https://en.wikipedia.org/wiki/Hindi), [Telugu](https://en.wikipedia.org/wiki/Telugu_language), [Tamil](https://en.wikipedia.org/wiki/Tamil_language), [Malayalam](https://en.wikipedia.org/wiki/Malayalam), [Kannada](https://en.wikipedia.org/wiki/Kannada), and [Bengali](https://en.wikipedia.org/wiki/Bengali_language) languages. [[32]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-32) Currently, around 70% of UPI users are from places other than Tier-1 cities with over 80% of newly registered users originating from Tier-2 cities. [[33]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-33) On 8 August 2024, RBI suggested raising the UPI tax payment ceiling from ₹1 lakh to ₹5 lakh. [[34]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-34) Over 640 million transactions are handled via UPI per day, compared to 639 million by Visa. [[37]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-37) ## Internationalization Users will be able to pay in international currency directly from Indian bank accounts. ## Acceptance ### India (Domestic) [ [edit](https://en.wikipedia.org/w/index.php?title=Unified_Payments_Interface&action=edit§ion=27)] United Arab Emirates and Singapore, both of which have sizeable Indian expatriate populations, have begun regarding the operation of UPI in those countries; this would also facilitate ease of payment for Indian tourists traveling there. [[170]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-170) NPCI is planning to link UPI with standalone mobile wallets so that users can transfer money from one provider to another one which until now is restricted due to use of closed source technology. There is also provision for off-line UPI payment through the use of [near field communication](https://en.wikipedia.org/wiki/Near-field_communication) (NFC). [[171]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-171) [[172]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-172) On 20 April 2020, Google added support for UPI payment in India to buy membership of [YouTube Premium](https://en.wikipedia.org/wiki/YouTube_Premium) and [YouTube Music](https://en.wikipedia.org/wiki/YouTube_Music) either directly through a website or on the mobile application. UPI is also enabled for the YouTube SuperChat feature. [[173]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-173) From July 2021, [Apple](https://en.wikipedia.org/wiki/Apple_Inc.) [iPhone](https://en.wikipedia.org/wiki/IPhone), [iPad](https://en.wikipedia.org/wiki/IPad), and [IPod Touch](https://en.wikipedia.org/wiki/IPod_Touch) users in India can use UPI on [App Store](https://en.wikipedia.org/wiki/App_Store_(iOS/iPadOS)) and [iTunes Store](https://en.wikipedia.org/wiki/ITunes_Store). [[176]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-176)[[177]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-177) [[178]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-178) From 31 August 2021, [Netflix](https://en.wikipedia.org/wiki/Netflix) integrated UPI AutoPay feature for Indian subscribers which was until now limited to credit and debit cards from [Visa](https://en.wikipedia.org/wiki/Visa_Inc.), [Mastercard](https://en.wikipedia.org/wiki/Mastercard), [American Express](https://en.wikipedia.org/wiki/American_Express), and [Diners Club International](https://en.wikipedia.org/wiki/Diners_Club_International). [[179]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-179) As per April 2021 RBI Monetary Policy Committee directive, after 31 March 2022, all the " [know your customer](https://en.wikipedia.org/wiki/Know_your_customer)" (KYC)-compliant [digital wallets](https://en.wikipedia.org/wiki/Digital_wallet) will become interoperable by using UPI system. [[181]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-181) Due to high usage, [Samsung Electronics](https://en.wikipedia.org/wiki/Samsung_Electronics) integrated UPI [barcode scanner](https://en.wikipedia.org/wiki/Barcode_reader) directly into mobile camera application for faster payment. [[186]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-186) [Bangalore Metropolitan Transport Corporation](https://en.wikipedia.org/wiki/Bangalore_Metropolitan_Transport_Corporation) (BMTC) & [Tamil Nadu State Transport Corporation](https://en.wikipedia.org/wiki/Tamil_Nadu_State_Transport_Corporation) (TNSTC) will start UPI based ticketing system from 2023. [[187]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-187) [Lucknow Municipal Corporation](https://en.wikipedia.org/wiki/Lucknow_Municipal_Corporation) (LMC) in collaboration with [Paytm](https://en.wikipedia.org/wiki/Paytm) setting up QR code for housing tax. [[188]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-188) [Kotak Mahindra Bank](https://en.wikipedia.org/wiki/Kotak_Mahindra_Bank) has rolled out the UPI payment facility for the [Goods and Services Tax](https://en.wikipedia.org/wiki/Goods_and_Services_Tax_(India)) Network (GSTN) in the following states: Assam, Delhi, Goa, Gujarat, Haryana, Himachal Pradesh, Kerala, Madhya Pradesh, Maharashtra, and Odisha. Additionally, the [Karnataka State Road Transport Corporation](https://en.wikipedia.org/wiki/Karnataka_State_Road_Transport_Corporation) (KSRTC), is also planning to accept UPI payments. [[190]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-190) The [Metropolitan Transport Corporation](https://en.wikipedia.org/wiki/Metropolitan_Transport_Corporation_(Chennai)) (MTC) has provided new handheld devices with UPI capability to its bus conductors in [Pallavaram](https://en.wikipedia.org/wiki/Pallavaram). For all MTC buses, the Tamil Nadu Infrastructure Development Board (TNIDB) intends to implement a QR-based ticketing system for UPI payment. [[191]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-191) NPCI has integrated [Kendriya Vidyalaya Sangathan](https://en.wikipedia.org/wiki/Kendriya_Vidyalaya_Sangathan) with the [Bharat Bill Payment System](https://en.wikipedia.org/wiki/Bharat_Bill_Payment_System), allowing pupils to pay their school fees with UPI. [[192]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-192) Additionally, [Kolkata Metro Green Line](https://en.wikipedia.org/wiki/Kolkata_Metro_Green_Line) stations also have UPI facility.[[193]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-193) [Kolkata Metro Orange Line](https://en.wikipedia.org/wiki/Kolkata_Metro_Orange_Line) were made UPI enabled from July 2024. [[194]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-194) Zomato partnered with ICICI Bank, whereas Swiggy is utilizing the UPI Plugin to enable payment, doing away with the need for a TPAP license. UPI payment methods for temple offerings have also been implemented by the [Travancore Devaswom Board](https://en.wikipedia.org/wiki/Travancore_Devaswom_Board). [[197]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-197) Under schemes like Rebate of State and Central Taxes and Levies (RoSCTL) and Remission of Duties and Taxes on Exported Products (RoDTEP), Indian government will permit the payment of customs duties via UPI and expand its use beyond duty payments to include expedited processing of refunds and incentives. [[198]](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_note-198) ## References 9. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-9)[[https://eacpm.gov.in/wp-content/uploads/2026/03/Financial-Inclusion-as-a-Path-to-Equality-Lessons-from-India.pdf](https://eacpm.gov.in/wp-content/uploads/2026/03/Financial-Inclusion-as-a-Path-to-Equality-Lessons-from-India.pdf)](https://eacpm.gov.in/wp-content/uploads/2026/03/Financial-Inclusion-as-a-Path-to-Equality-Lessons-from-India.pdf) UPI transactions hits record high 12. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-12)["India's UPI Revolution"](https://www.pib.gov.in/PressNoteDetails.aspx?NoteId=154912&ModuleId=3). _PIB India_. 17. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-17)["10 years of UPI: PM Modi hails India's digital payments milestone and massive reach"](https://timesofindia.indiatimes.com/india/10-years-of-upi-pm-modi-hails-indias-digital-payments-milestone-and-massive-reach/articleshow/133489789.cms). _The Times of India_. 25 August 2026. [ISSN](https://en.wikipedia.org/wiki/ISSN_(identifier)) [0971-8257](https://search.worldcat.org/issn/0971-8257). Retrieved 25 August 2026. 18. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-18)["10 years of UPI: 66 crore transactions a day and other figures that stand out - CNBC TV18"](https://www.cnbctv18.com/photos/india/upi-ten-years-india-digital-payments-transaction-growth-npci-real-time-payments-19976236.htm). _CNBCTV18_. 25 August 2026. Retrieved 25 August 2026. 20. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-20)["UPI Product Overview"](https://www.npci.org.in/what-we-do/upi/product-overview). National Payments Corporation of India. Retrieved 16 March 2026. 83. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-83)["UPI: India built a digital payments miracle. Now comes the bill"](https://www.bbc.com/news/articles/c8xnwqe00v1o). _[www.bbc.com](http://www.bbc.com)_. 16 August 2026. Retrieved 24 August 2026. 84. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-84)["Government may allow fees on UPI payment above Rs 2,000"](https://timesofindia.indiatimes.com/india/government-may-allow-fees-on-upi-payment-above-rs-2k/articleshow/132880274.cms). _The Times of India_. 5 August 2026. [ISSN](https://en.wikipedia.org/wiki/ISSN_(identifier)) [0971-8257](https://search.worldcat.org/issn/0971-8257). Retrieved 24 August 2026. 85. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-85)["Why UPI MDR's Return Could Widen the Gap Between Large and Small Merchants"](https://www.forbesindia.com/article/news/deep-dive/mdr-reintroduction-ignites-small-vs-big-player-debate/2997348/1). _[www.forbesindia.com](http://www.forbesindia.com)_. Retrieved 24 August 2026. 228. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-228)["India launches UPI at department store in France"](https://www.thehindubusinessline.com/money-and-banking/india-launches-upi-at-department-store-in-france/article71111839.ece). _BusinessLine_. 17 June 2026. Retrieved 18 June 2026. 239. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-239)["India signs deal to bring UPI to Israel in major digital payments push"](https://m.economictimes.com/nri/invest/india-signs-deal-to-bring-upi-to-israel-in-major-digital-payments-push-modi-netanyahu/articleshow/128812280.cms). _The Economic Times_. 26 February 2026. Retrieved 26 February 2026. 240. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-240)["India-Israel sign pact to link UPI systems in major digital payments push"](https://www.moneycontrol.com/world/india-israel-sign-pact-to-link-upi-systems-in-major-digital-payments-push-know-where-else-the-platform-works-article-13844648.html). _Moneycontrol_. 26 February 2026. Retrieved 26 February 2026. 242. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-242)["Indian travellers can now use UPI at QR-code merchants in Cambodia"](https://www.thehindubusinessline.com/money-and-banking/upi-acceptance-at-qr-code-merchants-goes-live-in-cambodia/article71058268.ece). _BusinessLine_. 4 June 2026. Retrieved 18 June 2026. 243. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-243)Sarkar, Subhojit (2 June 2026). ["Indian travellers can now make UPI payments in Cambodia via KHQR network"](https://www.fortuneindia.com/business-news/indian-travellers-can-now-make-upi-payments-in-cambodia-via-khqr-network/141020). _Fortune India_. Retrieved 18 June 2026. 244. [↑](https://en.wikipedia.org/wiki/Unified_Payments_Interface#cite_ref-244)Singh, Rohit (6 June 2026). ["UPI Payments Launch in Cambodia for Indian Travellers"](https://www.medianama.com/2026/06/223-india-launches-upi-qr-payments-cambodia/). _medianama.com_. Retrieved 18 June 2026.
- bbc.com › news › articles › c8xnwqe00v1oEN
UPI: India built a digital payments miracle. Now comes the bill. - BBC
edigitalsurvey.com # edigitalsurvey.com is blocked  # India built the world's biggest digital payments miracle. Now comes the bill Save For most Indians, paying by Unified Payments Interface (UPI) has become almost absurdly routine. Scan a QR code, tap a few buttons and the money moves instantly. There is no card machine, no cash, and - most importantly - for the user, no visible fee. India has [paved the way](https://thewire.in/banking/lok-sabha-passes-bill-allowing-govt-to-permit-banks-others-to-charge-for-upi-transactions) for banks and payment companies to charge merchants a fee on UPI transactions, potentially ending a decade-long experiment in free digital payments. The government [says](https://www.pib.gov.in/PressReleasePage.aspx?PRID=2296594®=48&lang=2) consumers and person-to-person UPI payments will remain free. If merchant fees are introduced, they will apply only to some transactions above a set threshold, at a nominal rate, meaning most UPI payments will remain free. A man stands beside a horse fitted with a payments QR code near its eye, allowing riders to pay digitally after a beach ride According to official data, in July alone, there were 23.6 billion UPI transactions worth 29.87 trillion rupees ($313.5bn; £232.2bn). Fintech apps such as PhonePe and Google Pay account for most UPI payments. In the financial year just ended, the figure was about 241.6 billion transactions - almost 12,000 times the volume in UPI's first full year. UPI is not merely big. The system is run by the National Payments Corporation of India, a non-profit entity, with banks and technology companies providing the consumer-facing services. A vegetable seller, taxi driver or small shopkeeper does not need to buy a card terminal to accept UPI. A printed QR code will do. "Our study suggests that merchant acceptance is not just a result of UPI growth, but one of its key drivers," Motheram says. But if they reach small and informal merchants, especially in districts where acceptance networks are still developing, they could slow the merchant expansion that has helped UPI scale," he says. One option reportedly under discussion would target transactions above 2,000 rupees at larger merchants, leaving small businesses and low-value payments untouched. Transactions above that threshold account for only about 4% of merchant-payment volumes but roughly 67% of their value, according to brokerage firm Jefferies. That could generate a sizeable new revenue stream - up to a billion dollars, by one [estimate](https://x.com/refsrc/status/2084486790405345404?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2084486790405345404%7Ctwgr%5E76a20d07d91e080db36c073d97839e992897e0cf%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.medianama.com%2F2026%2F08%2F223-rbi-governor-upi-mdr-premature%2F) - for banks and payment companies while leaving the everyday smaller payment to the neighbourhood grocer effectively unchanged. UPI may feel free, but it is not costless. Servers have to run, transactions settled, fraud detected and the system protected against cyberattacks. But the economics become trickier the further down the merchant chain a fee travels. "Even a small fee could matter if it changes the incentives of small merchants operating on thin margins," he says. A fee imposed on a large retailer is very different from one imposed on a tiny shop or informal trader. The first phase was about creating the network.
- transactbridge.com › blog › best-ways-to-accept-upi-payments-india-2026-guideEN
Best Ways to Accept UPI Payments in India (2026 Guide for Global ...
This guide explains the best ways to accept UPI payments in India in 2026, especially for international merchants. Method 1: Use an Indian ...
- youtube.com › watchEN
Explained: New digital payments rules | UPI payment | RBI - YouTube
# Explained: New digital payments rules | UPI payment | Online payment | Card payment | RBI [](https://www.youtube.com/@businessstandard) [Business Standard](https://www.youtube.com/@businessstandard) Business Standard 706K subscribers Subscribe Subscribed 1.3K Share Save Download Download 80K views5 months ago [#onlinepayment](https://www.youtube.com/hashtag/onlinepayment) [#rbi](https://www.youtube.com/hashtag/rbi) [#digitalpayments](https://www.youtube.com/hashtag/digitalpayments) 80,850 views • Mar 24, 2026 • #onlinepayment #rbi #digitalpayments This move aims to curb fraud, widen authentication methods, and fix accountability on banks. …...more ...more [**Intro** **Intro** \ \ 0:00](https://www.youtube.com/watch?v=nbHLflG_Eyc) [**Intro**](https://www.youtube.com/watch?v=nbHLflG_Eyc) 0:00 [**Two Factor Authentication** **Two Factor Authentication** \ \ 0:13](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=13s) [**Two Factor Authentication**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=13s) 0:13 [**Riskbased checks** **Riskbased checks** \ \ 1:26](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=86s) [**Riskbased checks**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=86s) 1:26 [**Security burden** **Security burden** \ \ 1:49](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=109s) [**Security burden**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=109s) 1:49 [**Crossborder payments**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=123s) 2:03 [**Conclusion** **Conclusion** \ \ 2:14](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=134s) [**Conclusion**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=134s) 2:14 Follow along using the transcript. Show transcript [Videos](https://www.youtube.com/channel/UCQsob4fGjHWhYHW0OLb6rew/videos)[About](https://www.youtube.com/channel/UCQsob4fGjHWhYHW0OLb6rew/about)[Facebook](https://www.youtube.com/redirect?event=Watch_SD_EP&redir_token=QUM4Zm9rU29rVDRnY0JRUUFMbnJyUTlRcFBFcnxBTl9pYzRlUHRwZ19jRzFfZUl2MmJ4dS1DV2tmOENmVnhYSjZXNnNsTnNqamNmbW55b0Z2QjVHU28tVGxHR0VkMmkxbkU1anpyeWs5T3pva0RySGhCQUhmam5NWDl5VUhtd0F2&q=http%3A%2F%2Fwww.facebook.com%2Fbsindia)[Twitter](https://www.youtube.com/redirect?event=Watch_SD_EP&redir_token=QUM4Zm9rUW85bEFPaXUxY1AxNTB0Z3hoSjFoNXxBTl9pYzRmcklVV044TU80c3dpUk5nd2FGWDJ6WFhoY0hDWnZBYUdyLWhOX3BvYUY1cGdMcFFPZlFQWTNyVU5GRWlyN3hXc0RCUDRFNEJEOVV1OTNpbHhtbE1XbGNVUFdZNjkx&q=https%3A%2F%2Ftwitter.com%2Fbsindia)[Instagram](https://www.youtube.com/redirect?event=Watch_SD_EP&redir_token=QUM4Zm9rVGM1ajJxdjNDc0s1VkVxRGFuNV9GYXxBTl9pYzRjbVVqR2ZETlppUXd1NnJRSDVCZ21TSFYzRVVNbHdmdU5KdHRCLUpYMjB2MGlCN2NzYy00bFI0U3hKc2VacHhWY1d4QTUwRHdrTTBTM2h5cVJoNEsyOTcwZjNRT0xR&q=https%3A%2F%2Fwww.instagram.com%2Fbusiness.standard)[LinkedIn](https://www.youtube.com/redirect?event=Watch_SD_EP&redir_token=QUM4Zm9rU0c3ZmJGR0g1UlpyTjJPM0lMUXdfZXxBTl9pYzRka0pvenY3QTZ5T2JzTTlZb0lMOF8tT18wcTNfSkhWLWM1bE85bDQ2aG16a3FtUVN3c2FyWlI1NXB4YXhTMjVidm5KVUU4N0YxNDY2ZEVubi1kOGREdjU5RG1ObS1R&q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fbusiness-standard%2F) Show less [#onlinepayment](https://www.youtube.com/hashtag/onlinepayment) [#rbi](https://www.youtube.com/hashtag/rbi) [#digitalpayments](https://www.youtube.com/hashtag/digitalpayments) 80,850 views80K views Mar 24, 2026 1.3K Share Save Download Download These chapters are auto-generated [**Intro** **Intro** \ \ 0:00](https://www.youtube.com/watch?v=nbHLflG_Eyc&pp=0gcJCSoDDuyUWbzu) [**Intro**](https://www.youtube.com/watch?v=nbHLflG_Eyc&pp=0gcJCSoDDuyUWbzu) 0:00 [**Two Factor Authentication** **Two Factor Authentication** \ \ 0:13](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=13s) [**Two Factor Authentication**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=13s) 0:13 [**Riskbased checks** **Riskbased checks** \ \ 1:26](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=86s) [**Riskbased checks**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=86s) 1:26 [**Security burden** **Security burden** \ \ 1:49](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=109s) [**Security burden**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=109s) 1:49 [**Crossborder payments**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=123s) 2:03 [**Conclusion** **Conclusion** \ \ 2:14](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=134s) [**Conclusion**](https://www.youtube.com/watch?v=nbHLflG_Eyc&t=134s) 2:14 Sync to video time Explained: New digital payments rules | UPI payment | Online payment | Card payment | RBI Business Standard Business Standard 1.3KLikes 80,850Views Mar 242026 This move aims to curb fraud, widen authentication methods, and fix accountability on banks. [#digitalpayments](https://www.youtube.com/hashtag/digitalpayments)[#upipayments](https://www.youtube.com/hashtag/upipayments)[#onlinepayment](https://www.youtube.com/hashtag/onlinepayment)[#rbi](https://www.youtube.com/hashtag/rbi) Important Playlists National News: [• Nation](https://www.youtube.com/playlist?list=PLK5e1a2965YXb9Oh62yur4MRCdRLL6gCt) Business News: [• Business](https://www.youtube.com/playlist?list=PLK5e1a2965YVXM88oXiuA1JMLZtODGP1y) World News: [• World](https://www.youtube.com/playlist?list=PLK5e1a2965YW0Swy6-R3i50F5FbtDRiEe) BS Decoded: [• BS Decoded](https://www.youtube.com/playlist?list=PLK5e1a2965YWYuC7DEL8Lxl-rhiElowEE) BFSI Circle – [/ 9867761](https://www.youtube.com/redirect?event=video_description&redir_token=QUM4Zm9rVHBfc0xPY0VNLTM1WUJGbzJ3a0RvRnxBTl9pYzRmWDBBSEFjQUZObE95aXlaX0hzSkRacTVhb2lJX0xuQlViNERlcVlVdF95a0JicEpTaThkQ2hNRHhpSnljLUhBb29rRzNFdngtNGJNWmlBaTdYUC1KU1NwVlB1MTVE&q=https%3A%2F%2Fwww.linkedin.com%2Fgroups%2F9867761%2F&v=nbHLflG_Eyc) Business Standard Reader's Group – [/ 5013698](https://www.youtube.com/redirect?event=video_description&redir_token=QUM4Zm9rU2d2cHpMVE10QWNSaXA3b1BNN25WU3xBTl9pYzRja3BEdnY0TFh0S1ZNYVRsSHJKR0RIYVBDUGpmOTl6ZVhNSnBLN3A0U1d1QzVQX2E2bUxxSTQtbkdGcmZXNzFQdzhWb3V5cEZqZUlHUU9vTmpRY0tZNXZrWThHeHhN&q=https%3A%2F%2Fwww.linkedin.com%2Fgroups%2F5013698%2F&v=nbHLflG_Eyc) Hello viewers! 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- instagram.com › reel › DW-rSgMEozrEN
Biggest UPI update of 2026! - Instagram
Confused about UPI charges? Here's the latest update! Regular UPI payments, including bank transfers and everyday shopping, remain free for ...
- hdfc.bank.in › blogs › upi › new-upi-rules-2026EN
New UPI Rules 2026: What They Mean for You | HDFC Bank
# New UPI Rules 2026: What the Latest Government Announcement Means for Users ## Overview The Unified Payments Interface (UPI) has transformed the way people make digital payments in India. From everyday purchases to transferring money, UPI has become an integral part of the country's digital payment ecosystem. The Government has clarified that consumers will not face transaction charges for making UPI payments. Person-to-person (P2P) transactions will also continue to remain free. It does not introduce a blanket charge for UPI users. ## Why Is the Government Introducing This Framework? According to the Ministry of Finance, UPI processed 2,366 crore transactions worth ₹29.9 lakh crore in July 2026, highlighting its scale in India's digital payments ecosystem. ## Conclusion UPI will remain free for citizens, and P2P transactions will continue to be free. Loaded: 0% Descriptions
- pinelabs.com › blog › what-are-rbis-new-upi-rules-in-2026-latest-updates-impacts-benefitsEN
RBI New UPI Rules 2026: 2FA, AFA, Impact & Benefits Explained
# What are RBI’s new UPI rules in 2026: Latest updates, impacts & benefits ## Why did RBI introduce new rules for UPI payments in 2026? 3. **Malware interception:** Malicious software installed on smartphones intercepted and silently forwarded OTPs. ## What changes across UPI, cards and wallets The RBI’s 2026 digital payment rules apply uniformly across UPI, card payments and mobile wallets, although their technical implementation differs: - **UPI transactions:** Now require device binding or app-level verification alongside a UPI PIN or biometric confirmation. For most users, low-value payments on familiar devices will feel largely unchanged, as risk-based systems handle authentication in the background. Over time, in-app encrypted approvals are expected to replace traditional SMS OTPs across major banking and UPI apps. - **Card transactions:** All domestic card payments must now pass through two independent verification steps. Cardholders may authenticate using a PIN, device token, biometric or passkey instead of relying solely on OTPs. For non-recurring cross-border card-not-present transactions, issuers have until 1 October 2026 to comply fully.
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UPI Transactions 2026: Will Merchants or Customers Pay?
Learn whether UPI transactions will become chargeable in 2026, what is MDR and how new UPI rules could affect customers & merchants.
- reddit.com › r › explainlikeimfive › commentsEN
ELI5: What is UPI(Unified Payments Interface) used in India and ... - Reddit
India is developing offline UPI payments, allowing users to pay merchants without internet. · Why indians claim UPI as "innovation" when ...