1 hr ago
NPCI Launches UPI Tap & Pay and AI-Powered My UPI
NPCI introduced two new tools for digital payments in India.
The first tool, UPI Tap & Pay, lets people pay by bringing their phone close to a payment machine.
People do not need to open a UPI app first.
It can work even when the phone has little or no network connection, including in airplane mode.
The second tool, My UPI, is an AI assistant for managing payments.
It can help users check merchants, repeat payments, file complaints, and pause UPI debits.
NPCI says many banks and payment apps support the new tools.
The launches happened at the Global Fintech Fest in the presence of the Reserve Bank of India Governor.
The National Payments Corporation of India launched UPI Tap & Pay and My UPI at the Global Fintech Fest.
UPI Tap & Pay lets users pay by bringing their phones near point-of-sale terminals without opening a UPI app.
The feature is designed to work in low or no network conditions, including airplane mode.
My UPI combines payment controls, transaction history, complaint management, and safety tools across UPI apps and accounts.
NPCI said UPI processes 24 billion monthly transactions and has completed 49 billion transactions overall.
- Who
- The National Payments Corporation of India launched the products, with the Reserve Bank of India Governor present.
- What
- NPCI launched UPI Tap & Pay and My UPI, an AI-powered payments assistant.
- Where
- The products were unveiled at the Global Fintech Fest.
- When
- The launch was reported on September 10, 2026.
- Why
- NPCI said the products aim to provide simpler payments, greater choice, and greater trust for users.
Key facts
- UPI Tap & Pay support
- 32 banks, 15 UPI applications, eight acquirers and aggregators, and 18 payment service providers
- My UPI support
- 29 banks, 25 UPI applications, and 14 technology service providers
- UPI monthly volume
- 24 billion transactions per month
- Total UPI transactions
- 49 billion transactions completed
- Biometric transaction value
- $700 billion transacted via biometrics
- Tap & Pay network capability
- Designed to work in low or no network conditions, including airplane mode
- Launch venue
- Global Fintech Fest
Quotes
An NPCI official
Official speaking at the launch of NPCI’s new payment products
“Innovation must ultimately translate into simplicity, greater choice, and greater trust for the user.”
thehindubusinessline.com
Sources
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