🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Paytm Rolls Out UPI Access For NRIs In 12 Countries

Inc42 · 20d ago

Paytm Rolls Out UPI Access For NRIs In 12 Countries

Paytm has introduced a feature allowing Non-Resident Indians (NRIs) to use their international mobile numbers for UPI payments via its app. NRI users can now access Paytm with their international numbers, connecting them to their NRE or NRO bank accounts. This enables them to perform everyday UPI transactions in India effortlessly, such as paying at local shops, transferring money to family and friends, or shopping online, without requiring an Indian SIM card.

Related News

Paytm unveils all-new app with clean interface, AI features to enhance payment experience - The Economic Times

Economic Times

Economic Times · 6d ago

Paytm unveils all-new app with clean interface, AI features to enhance payment experience - The Economic Times

Paytm has launched a redesigned app featuring over 15 new AI-driven features aimed at streamlining payments and personalizing user experiences. Key innovations include "Gold Coins" as rewards for every payment, a revamped user interface, and the ability for NRIs in 12 countries to make UPI payments in Indian rupees. The app also offers tools like Magic Paste for auto-filling details, enhanced payment search, budget-friendly features, and unique AI-generated spending summaries.

Truecaller rolls out UPI-backed verified badge feature for Android premium users

Livemint

Livemint · 1y ago

Truecaller rolls out UPI-backed verified badge feature for Android premium users

- Truecaller has launched a UPI-based verification feature in India for its Android Premium users, allowing them to verify their identities and earn a 'Verified Badge'. - The new service aims to enhance trust and authenticity in digital communication by verifying users' identities through the government-backed UPI platform. - Users can initiate the verification process themselves and authenticate their profiles using the UPI method. - Truecaller plans to roll out the Verified Badge feature in other countries as part of its global expansion plan. - The introduction of this feature sets a new standard for digital identity verification, providing users with a credible and secure platform for communication.

Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments

Economic Times

Economic Times · 11m ago

Paytm shares hit 52-week high as fintech rolls out UPI Lite auto top-up for small payments

Paytm shares surged over 4% to reach a 52-week high at Rs 939 following the announcement of an automatic top-up feature for its UPI LITE service. The new feature enables PIN-less transactions for payments under Rs 500 and is available for select users of Yes Bank and Axis Bank. Paytm's UPI LITE service allows small-value payments up to Rs 2,000. Additionally, Paytm introduced a UPI statement download feature and has expanded its UPI service globally. Despite the initial rally, the stock experienced some profit booking and was trading at Rs 889.8 as of 1:24 pm.

Slice rolls out UPI credit card and opens UPI-powered bank branch in Bengaluru

Entrackr

Entrackr · 4m ago

Slice rolls out UPI credit card and opens UPI-powered bank branch in Bengaluru

Slice rolls out UPI credit card and opens UPI-powered bank branch in Bengaluru According to the company, the Slice UPI credit card comes with no joining or annual charges. Users can scan QR codes or make UPI payments to access their credit lines. Fintech company Slice has launched a UPI credit card and opened a UPI-powered physical bank branch in Bengaluru, following its merger with North East Small Finance Bank. The Slice UPI credit card offers up to 3% cashback on all spends and includes a feature called Slice in 3, allowing customers to convert purchases into three interest-free instalments. The newly opened branch in Koramangala includes UPI-integrated services, self-service kiosks, and a UPI-enabled ATM supporting deposits and withdrawals. Customers can also open accounts and access other banking products at the branch. Slice aims to integrate credit more closely with UPI and expand access to users outside the traditional credit ecosystem. Unlike most fintech companies that rely on third-party banking partners, Slice operates as a bank, controlling its infrastructure, including core banking systems and credit underwriting. Slice recently passed a resolution to rebrand North East Small Finance Bank as Slice Small Finance Bank. The merger was completed in October last year. In a media interview, Slice founder Rajan Bajaj said the bank has turned profitable on a monthly basis and the group aims to go public in the next three to four years. The Bengaluru-based company has raised nearly $400 million in funding, including a $220 million Series B round led by Tiger Global and Insight Partners. Tiger Global is the largest stakeholder, followed by Insight Partners.

Spend now, pay next month: Paytm rolls out Postpaid Credit Line on UPI with Suryoday Bank

IndianStartupNews

IndianStartupNews · 1m ago

Spend now, pay next month: Paytm rolls out Postpaid Credit Line on UPI with Suryoday Bank

Paytm has launched the Paytm Postpaid Credit Line on UPI, allowing users to "spend now and pay next month" with up to 30 days of interest-free credit, in partnership with Suryoday Small Finance Bank. Initially available to select users, this service supports various transactions including merchant UPI QR payments, online transactions, and bill payments. It aims to provide financial flexibility and liquidity without impacting daily expenses, benefiting both consumers and merchants.

India in talks with south american & african nations to introduce UPI

Inc42 · 2y ago

India in talks with south american & african nations to introduce UPI

The Indian government is in discussions with multiple South American and African countries to introduce the Unified Payments Interface (UPI) and RuPay cards. Officials from the Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) are engaging with counterparts, embassies, and high commissions in these nations. The talks aim to internationalize UPI, following NPCI International CEO Ritesh Shukla's statement that UPI will expand to double the number of countries it operates in over the next 12-18 months. India is also exploring UPI expansion with countries like Namibia, Mozambique, and Kenya.

Google Pay India signs pact with NPCI for global expansion of UPI

Economic Times

Economic Times · 1y ago

Google Pay India signs pact with NPCI for global expansion of UPI

Google India's digital payment service, Google Pay, has signed a Memorandum of Understanding (MoU) with NPCI International Payments Limited (NIPL) to expand the reach of UPI (Unified Payments Interface) to countries outside India. The collaboration aims to enable UPI-like digital payment systems in other countries, facilitate UPI payments for international travelers, and simplify cross-border financial exchanges. This partnership will help accelerate the global acceptance of UPI and provide foreign merchants access to Indian customers through UPI-powered apps like Google Pay.

Paytm may switch to third-party app mode to keep UPI

Economic Times

Economic Times · 1y ago

Paytm may switch to third-party app mode to keep UPI

Paytm is reportedly planning to switch to the third-party payment app (TPAP) route to ensure uninterrupted access to Unified Payments Interface (UPI) for its users. The company is in discussions with the National Payments Corporation of India (NPCI) to enable this transition. Currently, Paytm users have virtual payment addresses ending in @paytm, but after March 1, these VPAs may change to another bank's handle. Paytm aims to use three or more banks to issue new VPAs, with HDFC Bank, Axis Bank, and Yes Bank in contention for the UPI payments business.

NPCI to roll out cross-border bill payments service for NRIs living in the UK

IndianStartupNews

IndianStartupNews · 2y ago

NPCI to roll out cross-border bill payments service for NRIs living in the UK

The National Payments Corporation of India (NPCI) is extending the Bharat Bill Payment System (BBPS) to Non-Resident Indians (NRIs) in the United Kingdom (UK). This move allows UK-based NRIs to directly pay bills for their family members in India, simplifying the process. Previously, NRIs had to transfer money to their family's Indian accounts for bill payments. The service was initiated by the Reserve Bank of India in September 2022 and is already operational for NRIs in Oman, Kuwait, Bahrain, and the United Arab Emirates. The NPCI plans to expand this service to other countries with significant NRI populations, like Canada and Singapore.

Rupeeflo raises $1 Mn from Piper Serica

Entrackr

Entrackr · 9m ago

Rupeeflo raises $1 Mn from Piper Serica

Rupeeflo raises $1 Mn from Piper Serica Fintech startup Rupeeflo has raised $1 million in funding in a pre-seed round led by Piper Serica Angel Fund. Fintech veterans including Ravi Shankar (co-founder of Active AI), Kishore Natarajan, and Kedar Kulkarni (co-founder of Hyperverge) also participated in the maiden round. Rupeeflo will use the funding to roll out a full-stack NRI investment platform, introduce instant UPI access, and expand its global presence. Founded in 2024 by Dharmendra Maurya, Ashish Jha, and Manav Bharambe, Rupeeflo streamlines banking and investing for NRIs in India. Starting with the U.S. and U.K., it aims to expand across global NRI hubs. With Rupeeflo, NRIs can now digitally apply for an NRE/NRO account in less than 10 minutes and have easy and paperless access to stock markets, mutual funds, and index funds without regulatory headaches. “We see this as one of the biggest untapped opportunities in fintech. In the USA alone, NRIs have over $300 billion in low-yield savings overseas because investing in India has been too complex. We are fixing the problem so that they can participate in India's future instead of just watching from the sidelines,” said Ashish Jha. Piper Serica is an asset manager investing in India’s public and private markets. It manages a SEBI-registered PMS, advises a Mauritius-based offshore fund, and runs the Piper Serica Angel Fund for early-stage startups, overseeing over Rs 1,000 crore in assets.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Sept 2025

Your Health, Simplified with Smart Care

An ecosystem for curated creative partnerships

Your Health our Priority.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Reliance Retail to bring Europe’s ...

Stonecraft to invest Rs 300 cr to ...

OpenAI's Fidji Simo Plans to Make ...

Download the medial app to read full posts, comements and news.