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Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report

Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report

by AIP Online Bureau | Mar 11, 2026 | Data, Eco/Invest/Demography, Risk Management, Technology

According to the report, the firm has identified at least 20 active groups on messaging platform Telegram, each with over 100 members, where a toolkit by the name of “Digital Lutera” is being discussed, distributed, and operationalised. New Delhi: Online...
Fintech body flags UPI dominance by American companies, seeks measures for fair competition

Fintech body flags UPI dominance by American companies, seeks measures for fair competition

by AIP Online Bureau | Oct 31, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

In its letter, IFF said the current structure poses “systemic concentration risks” that could stifle innovation and competition over time. It called on the government to take corrective steps to level the playing field for smaller players and sustain...
No MDR will be charged on UPI transactions: FinMin

No MDR will be charged on UPI transactions: FinMin

by AIP Online Bureau | Jun 12, 2025 | Eco/Invest/Demography, Indian News, Policy

“Speculation and claims that the MDR will be charged on UPI transactions are completely false, baseless, and misleading. Such baseless and sensation-creating speculations cause needless uncertainty, fear and suspicion among our citizens. The Government remains...
FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

FM ask NPCI to address infrastructure gaps to prevent future disruption of UPI

by AIP Online Bureau | Apr 28, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology

Nirmala Sitharaman,Finance Minister NPCI officials also informed the Finance Minister that between 2021-22 and 2024-25, around 26 crore new users and 5.5 crore new merchants have been successfully onboarded onto the UPI platform. UPI now has approximately 45 crore...
No plans to levy GST on UPI transactions over Rs 2,000, says Govt

No plans to levy GST on UPI transactions over Rs 2,000, says Govt

by AIP Online Bureau | Apr 18, 2025 | Eco/Invest/Demography, Indian News, Policy

“The claims that the Government is considering levying are completely false, misleading, and without any basis. Currently, there is no such proposal before the government,’’ said the Ministry of Finance in a statement on Friday. New Delhi:The government has...
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