NPCI Unveils UPI Tap & Pay and AI-Powered My UPI at Global Fintech Fest

Key facts

• The National Payments Corporation of India (NPCI) launched UPI Tap & Pay and My UPI, an AI-powered payments assistant, at the Global Fintech Fest in Mumbai on September 10, 2026.
• UPI Tap & Pay lets users pay by bringing their phone close to a point-of-sale terminal without opening a UPI app, and works even in low or no network conditions including airplane mode; it is backed by 32 banks, 15 UPI applications, eight acquirers and aggregators, and 18 payment service providers.
• My UPI consolidates payment controls, transaction history, complaint management and safety features across UPI apps, with features including merchant trust check, Pay Again, natural-language complaint filing, mobile number de-linking from UPI IDs, and a safety switch to pause all UPI debits; it is supported by 29 banks, 25 UPI applications, and 14 technology service providers.
• UPI currently processes 24 billion transactions a month, with 49 billion total transactions completed, and $700 billion has been transacted via biometrics.
• The launches were made in the presence of the Reserve Bank of India Governor.