RBI Governor Launches UPI Tap & Pay for NFC Point-of-Sale Terminals

Tap & Pay transactions can run over the POS terminal's internet connection instead of the user's mobile data.

Sources:IndianWeb2 →·Deccan Chronicle →·Asian Mirror →·Inc42 →

RBI Governor Sanjay Malhotra launched UPI 'Tap & Pay' on point-of-sale terminals at Global Fintech Fest 2026. The feature lets users pay by unlocking an NFC-enabled smartphone and tapping it on an NFC-enabled POS terminal.

Tap & Pay payments of up to ₹5,000 do not require a UPI PIN.

Related Systems

UPI

Found this useful?

Get the weekly payment infrastructure digest.

← Previous

BNP Paribas Opens Wero Online Payments to All Its French Retail Customers

673 of 675

European Payments Council Postpones Unstructured Address Removal Across All Five Scheme Rulebooks

← Previous

BNP Paribas Opens Wero Online Payments to All Its French Retail Customers

673 of 675

European Payments Council Postpones Unstructured Address Removal Across All Five Scheme Rulebooks

NewsSeptember 10, 2026

India Extends Credit Line on UPI to Kisan Credit Card and MUDRA Borrowers

Priority-sector borrowers in India can now spend from sanctioned Kisan Credit Ca...

NewsSeptember 2, 2026

UPI Processes Record 24.51 Billion Transactions in August 2026

August's UPI volume was worth ₹29.82 lakh crore, 20 per cent more than in the sa...

NewsSeptember 2, 2026

NPCI International Signs UPI Acceptance Agreement With Uzbekistan's HUMO Operator

Indian visitors will be able to scan Uzbekistan's unified national QR code from ...

Get insights like this weekly

Payment infrastructure analysis, migration updates, and regulatory changes. Every Monday.

Related Systems

UPI

FPS - India

→