upi api

The National Payments Corporation of India has ordered fintech firms to stop using upi apis for unauthorised purposes, such as user authentication. This violates NPCI and RBI guidelines, and firms must comply or face penalties or cessation of UPI services.

UPI new rules 2025: Starting August 1, 2025, UPI transactions will undergo key changes aimed at boosting efficiency and security. The National Payments Corporation of India (NPCI) is capping balance inquiries and limiting bank account access via API to prevent system overload. Restrictions on UPI Autopay during peak hours will also be implemented.

Starting June 16, 2025, UPI transactions are poised to become faster as NPCI mandates reduced response times for key APIs. The response time for commonly used upi apis, such as Request Pay and Check Transaction Status, will be reduced to 15 and 10 seconds, respectively.

Starting July 31, 2025, UPI users will encounter restrictions on non-financial actions like balance checks, as NPCI regulates API usage to prevent system overloads. Banks and PSPs must comply by moderating high-frequency APIs, with penalties for non-compliance. These changes aim to improve UPI service reliability during peak hours, ensuring smoother user experiences despite some limitations on real-time updates.

The National Payments Corporation of India (NPCI) has implemented new UPI rules starting August 1, 2025, impacting how users interact with the platform.

Subscribers of National Pension System (NPS) and Atal Pension Yojana (APY) now have a new mode of online payment. Subscribers of the two pension schemes of the Pension Fund Regulatory and Development Authority (PFRDA) will be able to make contributions through UPI as well, the authority said. So far, subscribers of NPS and APY are allowed to deposit their voluntary contributions under Direct Remit (D-Remit) into Tier I/II through a netbanking account by using IMPS/NEFT/RTGS.

RBI's moratorium on Yes Bank has triggered a panic among financial technology startups that used Yes Bank’s services. Industry insiders said Yes Bank’s application programming interface, called API, offered a better experience and hence attracted scores of startups. They said Yes Bank was most aggressive among banks to build a relationship with fintech.

Editorialge Media has launched ImagineLab.art, a unified AI creative platform integrating image, video, infographic, and audio generation. This browser-based workspace aims to streamline workflows for creators by consolidating multiple AI tools into a single, cost-transparent environment. The platform features advanced AI models and supports diverse payment options, including local methods like bKash and UPI.

The company claims that Paytm for Business app allows large and small businesses to track and make all their payments from one place. The Businesses can use APIs or Paytm for Business Dashboard to make bulk payments to Paytm Wallet, Bank Accounts and UPI addresses instantly.

You may not remember this mobile app in some years as much as you’ll remember the digital payment ecosystem that Bharat Interface for Money spawned.

India's UPI experienced a five-hour outage due to banks excessively checking transaction statuses, overwhelming the system. NPCI's investigation revealed the absence of a transaction status check limiter, leading to a self-inflicted denial-of-service situation. With multiple recent outages, experts urge NPCI to implement system-level throttling to prevent future disruptions.

This will enable developers, including those working within merchant organisations to integrate Pine Labs payment gateway APIs with their consumer-facing products.

Kotak Bank has refuted reports of a customer seeing a 37-digit balance via a third-party UPI app, advising users to check balances on its official platforms. The bank clarified that the media reports indicating unusually large balances were inaccurate. Customers are urged to verify their account details using Kotak's mobile banking app or net banking platforms for accurate information.

The National Payments Corporation of India (NPCI) has reduced the response time for various stages of Unified Payments Interface (UPI) transactions to improve user experience and system efficiency. Effective June 16, the response time for debit and credit processing under Request Pay and Response Pay APIs has been halved from 30 seconds to 15 seconds.

NPCI authorized Paytm to transition users to new banks for UPI payments. Integration with multiple banks completed, facilitating smooth transactions. Users guided to update UPI ID for seamless payments.

Paytm authorized to migrate users to Axis Bank, HDFC Bank, SBI, YES Bank for UPI payments, ensuring seamless transition with new UPI IDs for uninterrupted transactions.

NPCI-approved One97 Communications transitions users to partner PSP banks for seamless UPI payments, leveraging robust infrastructure for users and merchants. Stock price closes at Rs 391.

UPI does away with guests having to remember and enter their bank details online to enable transactions and guests only have to remember their M-Pin for facilitating any payment," a release by Jet Airways said.

Many of the services are claimed to be first-in-the-industry and are available on the Bank’s mobile phone or internet banking platform.

The RBI Governor, Shaktikanta Das, announced that the platform offering 'frictionless credit,' launched initially as a pilot last year, will soon be implemented nationwide. The platform, named Unified Lending Interface (ULI), streamlines digital information flow, including land records, to facilitate faster credit appraisal, particularly for small and rural borrowers, reducing processing times significantly.

While internet giant has started testing UPI on Android Pay, Stripe is looking to launch here soon.

Setu, a Pine Labs subsidiary, has significantly bolstered its leadership team with key appointments, including Prashanth Nimmagada as CTO and Vijeth Pandit as CPO. These strategic hires, along with a new CRO, Director of Product Development, and Head of Finance, will support Setu's growth strategy under CEO Anand Raisinghani.

Good news for UPI users! Mainstream payment apps now support global transactions. The acceptance network is being rolled out, and fintechs are expected to champion global payments. QR code payments are gradually increasing, and banks enable international UPI transactions.