Business

UPI Alert: P2P ‘Collect Request’ Feature to Be Discontinued from October 1, 2025


The National Payments Corporation of India (NPCI) has announced the removal of the UPI peer-to-peer (P2P) 'Collect Request' feature starting October 1, 2025, in a bid to curb financial frauds and enhance user security. Here’s what it means for UPI app users.

Business

ICICI Bank to Begin Charging UPI Fees for Payment Aggregators from August 1, 2025


ICICI Bank has announced it will begin charging fees to payment aggregators for UPI transactions starting August 1, 2025. This move could significantly impact digital payment platforms, merchants, and the broader fintech ecosystem.

Finance

Axis Trustee Unveils “AVA” – India’s First AI-Powered Chatbot for Trustee Services


Axis Trustee Services Ltd. has unveiled AVA (Axis Trustee Virtual Assistant), the first AI chatbot in India’s trustee services industry, offering real-time support, seamless service requests, and smarter client engagement—pioneering a bold new digital era for fiduciary services.

Human Interest

India Post Embraces Digital Payments: UPI Now Accepted at Post Office Counters Nationwide from August 2025


Starting August 2025, all post office counters across India will begin accepting UPI payments, making transactions faster, more convenient, and fully digital. This move aligns with the government’s mission to promote digital inclusion in every corner of the country.

Business

India and Cyprus Sign MoU to Launch Unified Payments Interface (UPI) Services in Cyprus


India and Cyprus have signed an MoU to introduce UPI-based digital payments in Cyprus, enabling real-time, secure, and low-cost transactions for individuals and businesses, and strengthening bilateral fintech cooperation.