New UPI experiences explore AI-assisted payment interactions and NFC-based contactless transactions.
At Global Fintech Fest 2026, NPCI showcased new UPI experiences including MyUPI, associated with its FiMI banking AI model, and UPI Tap & Pay, designed for contactless transactions on supported NFC-enabled smartphones.
The developments illustrate how UPI is continuing to expand beyond the familiar scan-and-pay journey. AI-assisted interfaces may make payment discovery and interaction more conversational, while NFC can offer a quick way to initiate eligible payments at close range.
Product limits, device compatibility, authentication requirements and rollout status should be confirmed with official NPCI or participating-bank information before a customer-facing claim is made. In particular, PIN and authentication requirements can vary by transaction type and the final operating rules.
Convenience must be balanced with safeguards against accidental payments, device misuse and social engineering. Clear confirmation, transaction visibility and accessible dispute channels remain central to consumer trust.
BFSI NXT perspective: The next UPI experience may be more conversational and contactless, but the fundamentals remain security, interoperability and user control.
Related reading
- PhonePe and Visa Unveil Tap to Pay, Cross-Border Scan to Pay and Smart Accept
- NPCI Unveils FiMI, a Compact AI Model for Retail Banking
