The AI UPI payments timeline tracks how India is preparing its Unified Payments Interface for AI agents that can make certain payments on a user's behalf. It r…
NPCI launched UPI in 2016, enabling instant bank-to-bank digital payments from a mobile phone. Over the following years, UPI IDs, apps, QR codes and merchant acceptance…
UPI Reserve Pay, also called Single Block Multiple Debits, let a customer block a limited amount that a merchant could debit later under set conditions. UPI Lite reduced…
UPI Circle lets a primary account holder give limited UPI payment authority to a secondary user - for example a family member without their own bank account - with a spe…
NPCI issued an addendum to its earlier UPI Circle circular, authorising the use of IoT devices and software within the framework. It lets a primary user onboard NPCI-app…
NPCI, Razorpay and OpenAI launched a pilot for AI-driven UPI payments inside ChatGPT. Razorpay facilitates the payments via UPI Circle and UPI Reserve Pay, with Axis Ban…
Mastercard said it completed its first authenticated agentic commerce transaction on its network at the India AI Impact Summit in New Delhi. An AI agent searched for a p…
Pine Labs launched the Pine Labs Payment Protocol, described as India's first agentic payment protocol built on UPI. It lets an AI agent complete a UPI payment after a s…
Reuters, citing three people familiar with the matter, reported that NPCI is preparing a framework called the Unified Agent Protocol to let AI agents make small-value UP…
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