PhonePe News

Starting 1 August 1 2025, new set of UPI rules will come into effect, changing how UPI users use the service. The new rules pertains to balance check, checking bank account links and transaction status among other major things. Here's all Paytm, PhonePe, GPay, BHIM users need to know.

Paytm, PhonePe, GPay, Bhim users must know in details regarding the UPI rule changes that are being implemented from next month.

UPI-PayNow real-time payment linkage will go live on July 17, 2025. Users in both India and Singapore can remit funds to a wider base, making the service more accessible and convenient.

The PhonePe HDFC bank co-branded RuPay credit card is designed to meet the evolving financial needs of Indian consumers. It also offers benefits on UPI spending especially on the PhonePe platform.

UPI changes will benefit remitter banks, beneficiary banks and Payment Service Providers like PhonePe, Google Pay and Paytm.

The National Payments Corporation of India (NPCI) which manages UPI, announced in a circular dated April 26, 2025 that it is working to make UPI transactions even faster.

As per the NPCI circular, new rules regarding APIs will kick in with regards to UPI Payment. The rules will be effective from 1 August 2025.

The DoT has Introduced "Financial Fraud Risk Indicator (FRI)" to strengthen Cyber Fraud Prevention. that enables Enhanced Intelligence sharing with Banks, UPI service providers and Financial Institutions.

Ultimate beneficiary  shall be displayed on the payer app as well as during display of transaction statement/history, NPCI  has said in a circular.

Fake Payment Apps: In reality, these fake apps merely simulate the payment process, leaving the victim to discover only later that the transaction was fabricated. 

This Saturday, i.e. on 12th April..it may have happened to you also that you could not pay the bill after eating in the restaurant due to the UPI system crash. After travelling in a cab, you may have faced difficulties in making payment through UPI for several hours. You want to buy something but are unable to make payment through UPI. Like you, lakhs of people in the country had to face a lot of difficulties in making payment due to UPI service being down a total of three times in the last 15 days.

Whether you're paying upfront or splitting the bill after it's been paid, this feature allows you to quickly divide the costs with your group which makes it simpler to share expenses without any confusion.

For consumers, tokenizing their cards will no longer need to save their card details on merchant platforms or enter a CVV for every transaction, leading to higher success rates and fewer drop-offs at checkout. 

Whatsapp Bill Payment Feature Android: This move aims to streamline digital payments by eliminating the need to switch between multiple apps, positioning WhatsApp as a comprehensive utility platform. 

PhonePe Cashback Offer: This initiative also promotes the adoption of digital payments across the country, driving financial inclusion for millions of Indians who have yet to embrace digital payment systems. 

PhonePe Insurance Plan: Users can avail of the insurance coverage on the PhonePe app by navigating to the insurance section on the PhonePe app and selecting ‘dengue and malaria’ insurance.  

PhonePe was the first non-banking UPI app to be launched in August 2016. In a short period, the company has established itself as the leader in the digital payments space. 

PhonePe Group runs multiple businesses across financial sectors and is regulated by RBI, SEBI, IRDAI, and UIDAI. 

 This partnership will enable customers to avail flexible short-term credit through a fully digital user experience from within the PhonePe app instantly, said PhonePe.

Share.Market tweeted that services have now been restored, and apologized customers for inconvenience.