Digital Technology

In a major step to strengthen India’s digital payments ecosystem, the National Payments Corporation of India (NPCI) has announced higher transaction limits for Unified Payments Interface (UPI) transactions effective September 15, 2025. The revised norms will allow users to make single payments of up to Rs. 5,00,000 and daily payments up to Rs. 10,00,000 in specified categories such as insurance, capital markets, loan repayments, and travel. Person-to-Person transfers remain capped at Rs. 1,00,000 per day.

Fiji’s Prime Minister recently visited the Unique Identification Authority of India (UIDAI) to gain first-hand insights into India’s world-renowned Aadhaar digital identity program. The visit highlights growing global interest in India’s digital governance model, which has become a benchmark for inclusive financial systems, efficient public service delivery, and large-scale identity management.

In a strategic move to strengthen digital financial inclusion, L&T Finance has partnered with Google Pay to offer personal loans through the fintech giant’s platform. The initiative reflects the growing convergence between traditional financial institutions and digital payment ecosystems, aiming to reach a broader customer base with quick, paperless lending solutions. By leveraging Google Pay’s expansive user network and L&T Finance’s expertise in credit delivery, the partnership seeks to simplify access to credit, particularly for young professionals and small-business owners.

In a bold strategic shift, Paytm has unveiled an “AI-first” vision aimed at redefining India’s digital payments and financial services landscape. The company, a pioneer in mobile payments, plans to embed artificial intelligence at the core of its product development, user engagement, and operational framework. This pivot not only underscores Paytm’s ambition to sharpen competitiveness in an evolving fintech ecosystem but also signals a deeper commitment to enhancing customer experience, compliance, and efficiency.

Starting August 1, India’s Unified Payments Interface (UPI) framework will undergo a set of rule changes aimed at improving system efficiency, security, and user transparency. These regulatory updates will affect millions of users across platforms such as Google Pay, PhonePe, and Paytm. The key changes include the deactivation of inactive UPI IDs, mandatory user notifications, and tighter control over dormant payment handles.

In a significant financial milestone, One97 Communications Ltd.—the parent company of Paytm—reported a profit in the first quarter of FY25, marking a sharp turnaround from previous losses. The company posted a net profit of Rs. 1.3 crore, compared to a loss of Rs. 358.4 crore in the same quarter last year. Despite this notable improvement in the bottom line, the market reaction was tepid, with the stock declining over 3%.