Razorpay, NPCI, and OpenAI Join Forces to Launch ‘Agentic Payments’ in India — A Game-Changer for How You Shop and Pay
In a move that could revolutionize the way we make purchases online, Razorpay has teamed up with NPCI and OpenAI to launch ‘Agentic Payments’ — a futuristic payment experience now being piloted within ChatGPT in India.
This isn’t just another payment integration —…
Zoho Enters the Hardware Space
In a major move at the Global Fintech Fest 2025, Zoho unveiled its first point-of-sale (POS) devices, marking its entry into in-person payment solutions. The announcement came during the event organised by the Payments Council of India, the National Payments Corporation of India, and the Fintech Convergence Council.
The launch expands Zoho’s Zoho Payments platform…
NPCI’s UPI Journey Reaches a New High
The National Payments Corporation of India (NPCI), the force behind India’s digital payments revolution, is riding high on the success of platforms like UPI, IMPS, and BBPS. For the financial year ending March, NPCI reported a huge jump in its annual surplus — a sign that India’s digital payments ecosystem is thriving like never before.
While NPCI…
UPI Hits Record 16.73 Billion Transactions in December – What’s Driving the Growth?
In a remarkable feat for India’s digital payments system, Unified Payments Interface (UPI) transactions soared to an all-time high in December 2024. The total number of UPI transactions reached a staggering 16.73 billion, marking an 8.08% increase from the previous month’s 15.48 billion transactions.
This…
At the Global Fintech Festival 2024 in Mumbai on August 28, RBI Governor Shaktikanta Das introduced two groundbreaking digital payment initiatives from the National Payments Corporation of India (NPCI): Bharat BillPay (BBPS) for Business and UPI Circle. These initiatives aim to enhance the inclusivity, security, and efficiency of India’s digital payments ecosystem.
Bharat BillPay for…
Plutos ONE, a prominent Delhi-based technical service provider for the Bharat Bill Payments System (BBPS), has successfully raised $2 million in a seed funding round led by StartupXseed. The funding round also attracted investment from Genesia Ventures, Auxano Capital, Raghuvanshi Investments, and several other notable investors.
This latest round of funding follows an earlier angel investment…
In a groundbreaking move, a leading supermarket chain in the UAE has introduced Unified Payments Interface (UPI) payments across all its outlets nationwide. This marks a significant leap forward in digital payment solutions within the region.
Unified Payments Interface (UPI), an instant payment system developed by the National Payments Corporation of India (NPCI) in 2016, has gained global…
Advanced installments firm PhonePe has additionally expanded its lead over Google Pay regarding piece of the pie in Unified Payments Interface or UPI in April, information delivered by the National Payments Corporation of India or NPCI shows.
While PhonePe has expanded its piece of the pie from 43.91% in March to 45% in April, Google Pay’s portion of the overall industry during the period…
Unexpectedly since its commencement, Unified Payments Interface or UPI has crossed Rs 4 trillion worth exchanges in a month. As per NPCI, the advanced installments framework has recorded 2.23 billion exchanges adding up to Rs 4,16,176.21 crore or Rs 4.16 trillion in December 2020.
This is a 1% hop in volume and a 6.4% flood in an incentive for UPI from November which had seen 2.21 billion…
