Topic
upi
Trade IIM Bangalore Campus, UPI, AI & Critical Minerals: India-Indonesia Enter 'Golden Chapter' Under PM Modi-Prabowo Talks
Prime Minister Narendra Modi and Indonesian President Prabowo Subianto held talks in Jakarta on Tuesday, heralding a 'golden chapter' in bilateral ties. The visit yielded eight agreements covering defence, maritime security, trade, critical minerals, steel, digital payments (UPI integration), AI, and an IIM Bangalore campus in Indonesia.
E-Commerce & Marketplaces ToneTag eKosha turns UPI soundboxes into banking touchpoints for Indian MSMEs
Bengaluru-based fintech ToneTag has launched eKosha, a tech stack that turns existing UPI soundboxes into always-on banking touchpoints. The platform uses sound-based data transfer and edge AI to allow merchants to access credit, overdrafts, and other services via voice commands, covering 3 million touch points across 73% of India's pin codes.
E-Commerce & Marketplaces UPI daily volumes rise 1.2% to 75.7 crore in June, value steady at Rs 96,405 crore
Average daily UPI transaction volumes increased 1.2% month-on-month to 75.7 crore in June, while average daily value held steady at Rs 96,405 crore, the National Payments Corporation of India reported. Monthly volumes and values declined from May's strong levels, but year-on-year growth remained robust at 23% and 20% respectively. FASTag and IMPS also saw monthly dips.
Technology Pine Labs Launches India’s First Agent-to-Agent UPI Payment Protocol for AI Deals
Pine Labs has launched the Pine Labs Payment Protocol (P3P), India's first agent-to-agent payment capability built on UPI mandate architecture. The system allows users to authorize an AI agent to independently execute transactions based on predefined conditions, removing the need for human authentication at the point of transaction.
E-Commerce & Marketplaces UPI Transactions Surge to 30L Cr, Marking 19% Growth
Unified Payments Interface (UPI) transactions in India have surged to 30 lakh crore, marking a 19% year-on-year growth. This increase highlights the expanding role of digital payments in the Indian economy.
E-Commerce & Marketplaces UPI Transactions Surge to Record Rs 29.90 Lakh Crore in May
Unified Payments Interface (UPI) transactions in India reached a record Rs 29.90 lakh crore in May, driven by increased consumer activity and seasonal spending. The National Payments Corporation of India (NPCI) reported a significant rise in both transaction volume and value.