Financial Technology

FinTech, payments, digital banks, financial infrastructure, and innovation in financial services.

3 Articles

India Paves the Way to Reshape the Revenue Model for the UPI Instant Payments Network

New Indian legislation lays the legal groundwork for potentially imposing fees on some merchant payments through the UPI network, after these payments remained free since 2020. The legislation does not specify the fees or covered transactions, but estimates suggest it could generate up to $1 billion annually by fiscal year 2028.

2026-08-04

Financial Technology

India’s Payments Chief: AI Will Drive the Next Phase of UPI Growth

Dilip Asbe, chief executive of NPCI, which oversees the UPI system, believes artificial intelligence will be central to attracting new users, combating fraud, and expanding access to credit as India seeks to surpass one billion daily transactions. He also called for clear regulatory frameworks to adopt AI-backed finance and for the development of specialized small language models within the country’s financial sector.

2026-06-28

Financial Technology

Revolut Begins Pilot Rollout of Services to Thousands of Users in India

British fintech company Revolut has begun making its services available to a limited number of users on a waiting list of about 450,000 people in India, as part of a controlled pilot program ahead of a broader launch. The current phase includes UPI payments, digital wallets and cards, while the company has not set a final date for general availability.

2026-06-01