---
title: "UPI and Digital Payments News India | bharat.digital"
description: "UPI, digital payments and fintech news from India: NPCI, RBI, wallets, cards and merchant payments, from leading newsrooms and official sources."
url: "https://bharat.digital/payments/index.md"
canonical: "https://bharat.digital/payments/"
published: "2026-11-02T00:12:33+05:30"
updated: "2026-11-02T08:30:01+05:30"
section: "Payments"
date: "2026-11-02"
language: "en-IN"
site: "bharat.digital"
---

# Payments: Monday 2 November 2026

0 stories. Cite the publisher using original_url.

## From the desk

- [UPI's merchant fee is coming after Diwali, and Pine Labs is already racing for the counter](https://bharat.digital/originals/upi-mdr-after-diwali-pine-labs-soundbox-push/index.md) (Analysis, 2026-10-30, 4 min read): A 0.4% MDR on merchant UPI payments above Rs 2,000 will touch only about 4% of transactions. Pine Labs says more than 65% of its UPI value sits above that line, and it plans 10 lakh more soundboxes.

## Earlier: Sunday 1 November 2026

#### Festival shopping lifts UPI transactions to record 25.50 billion in Oct

- Source: BusinessLine
- Published: 1 November 2026, 19:23 IST (2026-11-01T19:23+05:30)
- Section: Payments
- Link: https://bharat.digital/s/7972b5b5a78c
- original_url: https://www.thehindubusinessline.com/money-and-banking/festival-shopping-lifts-upi-transactions-to-record-2550-billion-in-oct/article71652772.ece
- Image: https://bharat.digital/img/7972b5b5a78c-l.webp

Transaction value reached ₹31.5 lakh crore, according to data from the National Payments Corporation of India

#### UPI Processes Record Rs 1 Lakh Crore Daily in October Milestone

- Source: X News (AI summary of posts on X)
- Published: 1 November 2026, 14:07 IST (2026-11-01T14:07+05:30)
- Section: Payments
- Link: https://bharat.digital/s/bfd709d95420
- original_url: https://x.com/i/trending/2116811093708624014

In October, UPI managed 25.47 billion transactions totaling Rs 31.53 lakh crore, averaging over Rs 1 lakh crore daily for the first time. This topped September's record, fueled by Diwali shopping, with daily volumes hitting 822 million transactions.

#### Festive spending drives record UPI transactions in October

- Source: ET Tech
- Published: 1 November 2026, 12:38 IST (2026-11-01T12:38+05:30)
- Section: Payments
- Link: https://bharat.digital/s/9ea530fe9e93
- original_url: https://economictimes.indiatimes.com/tech/technology/festive-spending-drives-record-upi-transactions-in-october/articleshow/135420426.cms
- Image: https://bharat.digital/img/9ea530fe9e93-l.webp

#### UPI hits record 25.47 billion transactions in October, daily value crosses Rs 1 lakh crore

- Source: Entrackr
- Published: 1 November 2026, 11:36 IST (2026-11-01T11:36+05:30)
- Section: Payments
- Link: https://bharat.digital/s/978a8e4e953a
- original_url: https://entrackr.com/news/upi-hits-record-2547-bn-transactions-in-october-daily-value-crosses-rs-1-lakh-crore-12772871
- Image: https://bharat.digital/img/978a8e4e953a-l.webp

#### Credit card interest calculator: What will a ₹50,000 unpaid bill cost you over 12 months? Interest math explained

- Source: Mint
- Published: 1 November 2026, 07:33 IST (2026-11-01T07:33+05:30)
- Section: Payments
- Link: https://bharat.digital/s/ad7dceddb7f3
- original_url: https://www.livemint.com/money/personal-finance/credit-card-interest-calculator-what-will-a-50-000-unpaid-bill-cost-you-over-12-months-interest-math-explained-11793463799353.html
- Image: https://bharat.digital/img/ad7dceddb7f3-l.webp

A ₹50,000 unpaid credit card bill could grow to approximately ₹80,153 in 12 months at 3.5% monthly interest, including illustrative GST. Understand credit card interest calculations and why timely repayments matter.

## Earlier: Saturday 31 October 2026

#### UPI payments enabled to book tickets online for Burj Khalifa, Singapore attractions: FinMin

- Source: BusinessLine
- Published: 31 October 2026, 10:34 IST (2026-10-31T10:34+05:30)
- Section: Payments
- Link: https://bharat.digital/s/9633852a9ce9
- original_url: https://www.thehindubusinessline.com/money-and-banking/upi-payments-enabled-to-book-tickets-online-for-burj-khalifa-singapore-attractions-finmin/article71648190.ece
- Image: https://bharat.digital/img/9633852a9ce9-l.webp

The initiative is aimed at making international travel bookings easier for Indians by enabling them to use their preferred UPI applications for online payments at these destinations

#### PNB credit card holders alert: Check new ATM withdrawal, late payment and utility bill charges from November 1

- Source: Mint
- Published: 31 October 2026, 07:50 IST (2026-10-31T07:50+05:30)
- Section: Payments
- Link: https://bharat.digital/s/6eaadd91cdcc
- original_url: https://www.livemint.com/money/personal-finance/pnb-credit-card-holders-alert-check-new-atm-withdrawal-late-payment-and-utility-bill-charges-from-november-1-11793411280197.html
- Image: https://bharat.digital/img/6eaadd91cdcc-l.webp

#### BRICS+ payments system feasible, common currency faces hurdles, report says

- Source: BusinessLine
- Published: 31 October 2026, 10:25 IST (2026-10-31T10:25+05:30)
- Section: Payments
- Link: https://bharat.digital/s/695f5b1c0aa2
- original_url: https://www.thehindubusinessline.com/money-and-banking/brics-payments-system-feasible-common-currency-faces-hurdles-report-says/article71648177.ece
- Image: https://bharat.digital/img/695f5b1c0aa2-l.webp

Cross-border payments have long been on the BRICS agenda, though ‌efforts to integrate members' financial infrastructure have made limited progress

## Earlier: Friday 30 October 2026

#### Indus Appstore becomes PhonePe Appstore: What’s new for users?

- Source: Medianama
- Published: 30 October 2026, 12:00 IST (2026-10-30T12:00+05:30)
- Section: Payments
- Link: https://bharat.digital/s/b4933cdbfc31
- original_url: https://www.medianama.com/2026/10/223-phonepe-appstore-whats-new-for-users/
- Image: https://bharat.digital/img/b4933cdbfc31-l.webp

The rebranded marketplace introduces new revenue opportunities for developers, but leaves key commercial details unanswered.

#### Digital merchant payments likely to recover in Oct-Nov on festive spending, post Sept dip: Equirus

- Source: BusinessLine
- Published: 30 October 2026, 11:10 IST (2026-10-30T11:10+05:30)
- Section: Payments
- Link: https://bharat.digital/s/f6ee84886467
- original_url: https://www.thehindubusinessline.com/money-and-banking/digital-merchant-payments-likely-to-recover-in-oct-nov-on-festive-spending-post-sept-dip-equirus/article71643805.ece
- Image: https://bharat.digital/img/f6ee84886467-l.webp

UPI person-to-merchant (P2M) transactions recorded a strong growth of 23.3% YoY during September, while credit card spending declined 5.9%

## Earlier: Thursday 29 October 2026

#### Fino Payments Bank reports net loss of ₹20.9 crore in Q2FY27

- Source: BusinessLine
- Published: 29 October 2026, 21:25 IST (2026-10-29T21:25+05:30)
- Section: Payments
- Link: https://bharat.digital/s/740a45be1de1
- original_url: https://www.thehindubusinessline.com/money-and-banking/fino-payments-bank-reports-net-loss-of-209-crore-in-q2fy27/article71641755.ece
- Image: https://bharat.digital/img/740a45be1de1-l.webp

Other income declined 24 per cent y-o-y to Rs ₹259 crore against Rs ₹340 crore in the year ago quarter

#### UPI MDR set to deliver Rs 700 crore windfall for Paytm

- Source: Medianama
- Published: 29 October 2026, 20:18 IST (2026-10-29T20:18+05:30)
- Section: Payments
- Link: https://bharat.digital/s/32f57ebeda1e
- original_url: https://www.medianama.com/2026/10/223-upi-mdr-windfall-paytm/
- Image: https://bharat.digital/img/32f57ebeda1e-l.webp

Paytm could earn up to Rs 700 crore annually from UPI MDR, with gains potentially reaching Rs 900 crore by FY28. The company is also targeting UPI market share growth, lending expansion and AI services.

#### Fino Payments Bank Posts ₹21 Cr Loss In Q2, Total Income Falls 17% YoY

- Source: Inc42
- Published: 29 October 2026, 19:58 IST (2026-10-29T19:58+05:30)
- Section: Payments
- Link: https://bharat.digital/s/0c278fc2c5b2
- original_url: https://inc42.com/buzz/fino-payments-bank-posts-%e2%82%b921-cr-loss-in-q2-total-income-falls-17-yoy/
- Image: https://bharat.digital/img/0c278fc2c5b2-l.webp

Fino Payments Bank posted a second consecutive quarter of loss in Q2 FY27, reporting a net loss of ₹20.9 Cr…

#### SBI credit card holders alert! Extra fee by bank on high-value fuel and transport spends from December 1 - Details

- Source: Mint
- Published: 29 October 2026, 13:13 IST (2026-10-29T13:13+05:30)
- Section: Payments
- Link: https://bharat.digital/s/5f294446553b
- original_url: https://www.livemint.com/money/personal-finance/sbi-credit-card-holders-alert-extra-fee-by-bank-on-high-value-fuel-and-transport-spends-from-december-1-details-11793258088760.html
- Image: https://bharat.digital/img/5f294446553b-l.webp

SBI Card will introduce a 1% fee on eligible high-value fuel and transportation transactions from 1 December 2026. Check the ₹30,000 transport threshold, ₹50,000 fuel spending limit, applicable charges and steps cardholders should take.

#### Meesho to invest Rs 400 crore in payments arm, set up lending unit

- Source: Medianama
- Published: 29 October 2026, 12:02 IST (2026-10-29T12:02+05:30)
- Section: Payments
- Link: https://bharat.digital/s/c0db7e610f18
- original_url: https://www.medianama.com/2026/10/223-meesho-invest-payments-arm-lending-unit/
- Image: https://bharat.digital/img/c0db7e610f18-l.webp

Meesho plans to invest up to Rs 400 crore in its payments subsidiary and establish a separate lending company. Its board also approved additional investments in Kirana Club and Retail Pulse Labs.

#### The Future of UPI in India: MDR, Credit on UPI | Mindgate | The Economic Times | Bangalore

- Source: The Economic Times
- Published: 28 October 2026, 16:07 IST (2026-10-28T16:07+05:30)
- Section: Payments
- Link: https://bharat.digital/s/b541d4cb4f8e
- original_url: https://economictimes.indiatimes.com/industry/banking/finance/the-future-of-upi-in-india-mdr-credit-on-upi-mindgate-the-economic-times-bangalore/videoshow/135261888.cms
- Image: https://bharat.digital/img/b541d4cb4f8e-l.webp