{"id":25612,"date":"2026-05-07T14:11:57","date_gmt":"2026-05-07T08:41:57","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=25612"},"modified":"2026-05-07T14:11:57","modified_gmt":"2026-05-07T08:41:57","slug":"npcis-new-upi-push-ahead-of-apple-pay","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/npcis-new-upi-push-ahead-of-apple-pay\/","title":{"rendered":"NPCI\u2019s New UPI Push Ahead of Apple Pay Launch Is Creating Buzz Across India\u2019s Fintech Market"},"content":{"rendered":"

NPCI wants UPI payments to become as seamless as credit cards<\/h2>\n

India\u2019s digital payments market is heading into another major competition phase.<\/p>\n

The National Payments Corporation of India (NPCI) is accelerating the rollout of \u201cUPI Meta\u201d or \u201cUPI Checkout\u201d to make online UPI payments faster and smoother. The move comes as industry discussions around Apple Pay entering India continue to grow.<\/p>\n

Executives in the payments industry believe Apple Pay could attract premium users through its seamless biometric-based payment experience linked with credit cards.<\/p>\n

Read More<\/span> : Paytm Turns the Corner \u2014 Shares Surge 6% as the Fintech Giant Logs Its First-Ever Full-Year Profit<\/a><\/p>\n

\"UPI
UPI in India Growth and Milestones<\/span><\/figcaption><\/figure>\n

When Was UPI Launched in India?<\/h2>\n

The Unified Payments Interface (UPI) was officially launched in India on 11 April 2016<\/strong> by the National Payments Corporation of India (NPCI) under RBI supervision.<\/p>\n

When Did UPI Capture the Indian Market?<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Year<\/th>\nUPI Growth Phase<\/th>\nMajor Development<\/th>\n<\/tr>\n<\/thead>\n
2016<\/td>\nLaunch Phase<\/td>\nLimited adoption, mainly bank-led<\/td>\n<\/tr>\n
2017<\/td>\nEarly Growth<\/td>\nDemonetisation accelerated digital payments<\/td>\n<\/tr>\n
2018\u20132019<\/td>\nMass Adoption<\/td>\nGoogle Pay, PhonePe, Paytm expanded aggressively<\/td>\n<\/tr>\n
2020<\/td>\nPandemic Boom<\/td>\nContactless payments became mainstream<\/td>\n<\/tr>\n
2021\u20132022<\/td>\nMarket Dominance<\/td>\nQR payments exploded across small merchants<\/td>\n<\/tr>\n
2023\u20132024<\/td>\nEveryday Utility<\/td>\nUPI became India\u2019s default retail payment system<\/td>\n<\/tr>\n
2025\u20132026<\/td>\nGlobal Scale Era<\/td>\nUPI handled nearly 49% of global real-time payments<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Highest UPI Growth in India<\/h3>\n\n\n\n\n\n\n\n\n
Year<\/th>\nGrowth Highlight<\/th>\n<\/tr>\n<\/thead>\n
2017<\/td>\nUPI transactions grew nearly 900% YoY<\/td>\n<\/tr>\n
2018<\/td>\nAnother 246% YoY growth<\/td>\n<\/tr>\n
2020\u20132021<\/td>\nPandemic-led digital payments explosion<\/td>\n<\/tr>\n
2025\u20132026<\/td>\nRecord transaction scale achieved<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

UPI Record Growth Numbers<\/h3>\n
\n
\n\n\n\n\n\n\n\n
Metric<\/th>\nFY 2016-17<\/th>\nFY 2025-26<\/th>\n<\/tr>\n<\/thead>\n
Annual Transactions<\/td>\n2 crore<\/td>\n24,162 crore<\/td>\n<\/tr>\n
Transaction Value<\/td>\n\u20b90.07 lakh crore<\/td>\n\u20b9314 lakh crore<\/td>\n<\/tr>\n
Growth<\/td>\n\u2014<\/td>\nNearly 12,000x increase<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Here\u2019s what happened today and why traders reacted<\/h2>\n<\/div>\n<\/div>\n

The latest developments around UPI Meta quickly caught the market\u2019s attention because the move could reshape India\u2019s online payments ecosystem.<\/p>\n

NPCI is reportedly planning to introduce the product during the Global Fintech Fest in Mumbai later this year.<\/p>\n

The concern for NPCI is that credit cards are becoming increasingly fast and convenient for online payments. With tokenised cards and biometric authentication, users can now complete transactions in seconds.<\/p>\n

\u201cSeveral banks have already enabled biometric authentication for card payments. The experience is now almost as fast as UPI,\u201d a senior executive associated with a UPI app said.<\/p>\n

Industry experts also believe Apple Pay\u2019s expected India launch has added urgency to NPCI\u2019s plans.<\/p>\n

Key developments investors are watching:<\/h3>\n