The National Payments Corporation of India (NPCI) has introduced the UPI Tap and Pay feature, enabling offline UPI payments through NFC technology. Users can make PIN-less transactions up to ₹5,000 when connected, and up to ₹500 in offline mode using UPI Lite X. The new My UPI platform NPCI has launched provides a unified dashboard for managing transactions, autopay mandates, and fraud protection through the FiMI AI model.

UPI has significant room for growth, especially in rural areas. Developing offline payment solutions remains a key challenge for the platform. NPCI expects UPI's international…

India's NPCI is examining protocols for AI agent identification within the UPI ecosystem. This move aims to enable autonomous payments on the world's largest retail fast-payment…