NewsOctober 30, 20261 min read

NPCI and IIIT Hyderabad Sign Payment Cybersecurity Research Agreement on 24 October

India's retail payments operator has taken on an academic partner for its payment-security work, with R&D, training and exchange with faculty and students all within the agreement's scope. The tie-up comes as UPI, which NPCI runs, handled more than 24 billion transactions in September 2026.

Sources:Deccan Chronicle →·Elets BFSI →·Entrackr →·MediaNama →

Affects:UPIdetails below

The National Payments Corporation of India and the International Institute of Information Technology Hyderabad signed a memorandum of understanding on 24 October, committing the two to joint research and development on payment system security. It also provides for specialised training and knowledge exchange between NPCI teams and the institute's faculty, students and industry professionals. On the institute's side the engagement will be led by its Cyber Manthan Centre, which works across cybersecurity, digital forensics and trusted infrastructure.

NPCI operates UPI, which processed 24.07 billion transactions worth Rs 29.37 lakh crore in September 2026.

This affects

From ClearingPost's structured records, not from the article text; each row carries its own source.

UPIFPS · NPCI · India

Summary names “UPI” · External source · Deccan Chronicle

NowHours: 24/7/365 · published scheduleService condition: not monitored

next supported item for UPI · deferred · no revised date · as of 30 Oct 2026

deferredDDLDDL India: 0.4% merchant discount rate on UPI merchant payments above ₹2,000 deferred to a date to be notified · effective · deferred
no revised date · previously 15 Oct 2026
financialservices.gov.insource ↗

Changed

latest recorded change for UPI

Took effectDigital Payments – E-mandate Framework, 2026 (21 April 2026)
Directions issued by the Reserve Bank of India on 21 April 2026 (RBI/CO.DPSS.POLC.No.S56/02.14.003/2026-27), effective immediately. They consolidate the RBI's circulars on e-mandates and apply to all payment system providers and participants processing recurring transactions, domestic or cross-border, using cards, PPIs or UPI. Recurring transactions may be authorised without an additional factor of authentication (AFA) up to ₹15,000 per transaction, or ₹1,00,000 for insurance premiums, mutual fund subscriptions and credit card bill payments; issuers must send a pre-transaction notification at least 24 hours before the debit (not required for e-mandates that auto-replenish FASTag and NCMC balances). The Directions repeal the earlier circulars, including the circular of 10 January 2020 on e-mandates in UPI.
took effect 21 Apr 2026 · Reserve Bank of Indiasource ↗

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NPCI and IIIT Hyderabad Sign Payment Cybersecurity Research Agreement on 24 October

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