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EnFin: Your Fresh Source of Fintech Updates (October 2025 Edition)

By Kunal Bhardwaj16 Min ReadUpdated on: 10/1/2025

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With EnFin, you get a monthly roundup of key movements in digital finance, regulation, and technology. This edition highlights the most relevant updates shaping payments, compliance, and fintech innovation in India.

UPI Payments May Soon Come with EMI Flexibility

NPCI is considering allowing users to convert UPI transactions into EMIs by enabling fintechs to integrate the feature. This move expands on existing offerings such as RuPay credit cards and a credit line on UPI, aiming to strengthen digital credit access across India. Originally posted by Inc42

EPF Savings to Become Instantly Accessible at ATMs

The Employees’ Provident Fund Organisation (EPFO) plans to enable ATM withdrawals for subscribers from January 2026. The Central Board of Trustees will approve the facility in October, with special cards issued to members, improving access to EPF savings, particularly during urgent financial needs. Originally posted by Moneycontrol

Indian Travellers Can Now Pay via UPI in Qatar

Indian travellers can now use UPI across Qatar via QR-code POS terminals enabled by NPCI International and QNB, with Qatar Duty Free leading the rollout. This marks a key expansion in UPI’s global footprint. Originally posted by The Hindu

NPCI Acts Hard on Payment Frauds with AI and Pull-Transaction Phase-Out

NPCI is deploying AI/ML tools and tightening transaction rules to detect and block fraudulent payments in real time. It also plans to eliminate high-risk “pull” (collect) UPI transactions, reinforcing ecosystem security and user trust. Originally posted by The Hindu BusinessLine

New UPI Settlement Rules Effective from November 3

NPCI will split settlement cycles into two parts: cycles 1–10 will clear only authorized UPI transactions, while cycles 11 and 12 will be reserved for dispute settlements under DC1/DC2 tags. Current cut-off timings, RTGS posting, and reconciliation rules will remain unchanged. Originally posted by The Financial Express

UPI cash withdrawals to reach business correspondents

NPCI has sought RBI approval to enable UPI-based cash withdrawals at over 2 million business correspondents. The move would make cash access easier nationwide and offer a cardless, QR-scan alternative to ATMs and biometric withdrawals. Originally posted by Economic Times

RBI tightens norms for payment aggregators

The RBI has issued new guidelines for payment aggregators, requiring stronger fraud prevention, data security, and dispute resolution mechanisms. Non-bank entities will also face higher net worth requirements, merchant-only fund aggregation rules, and stricter compliance. Originally posted by New Indian Express

UPI limit for UAE expats raised to ₹1 crore

Starting September 15, Indian expats in the UAE can transfer up to ₹1 crore daily via UPI for investments, EMIs, and bill payments. The higher limit is paired with enhanced fraud-control measures by NPCI. Originally posted by Gulf News

PFRDA allows physical UPS form submission amid glitches

With the September 30 deadline approaching, PFRDA has permitted the physical submission of Unified Pension Scheme (UPS) forms in case of online issues. This ensures NPS subscribers and eligible retirees don’t miss the transition. Originally posted by Moneycontrol

EPFO launches ‘Passbook Lite’ to simplify PF checks

As part of its 3.0 reforms, EPFO has rolled out ‘Passbook Lite’ for quicker PF balance access and enabled online Annexure K availability. These upgrades aim to ease transfers, improve transparency, and accelerate settlements. Originally posted by Moneycontrol

RBI announces 156% return on Sovereign Gold Bonds

The RBI has fixed the premature redemption price of Sovereign Gold Bond 2019-20 Series-X at ₹10,905 per unit on September 11, 2025. This delivers nearly 156% returns to investors compared with the issue price. Originally posted by Economic Times

UPI limit raised to ₹10 lakh for high-value merchant transactions

From September 15, NPCI will permit UPI payments up to ₹5 lakh per transaction and ₹10 lakh daily for categories such as insurance, capital markets, credit cards, travel, and government transactions. Originally posted by Business Today

₹2,500 crore UPI transactions lost after gaming ban

India’s ban on real money gaming led to a sharp drop of ₹2,500 crore in UPI transactions within just nine days. While UPI overall crossed 20 billion transactions in the month, the ban forced payment firms to reassess their revenue models. Originally posted by Technosports

Default on EMI? RBI may allow phone locking

The RBI is considering a move that would let lenders remotely lock smartphones purchased on credit if borrowers miss EMI payments. Consent from the borrower will be required, and safeguards will be in place to prevent misuse of personal data. Originally posted by Moneycontrol

Higher UPI transaction limits for key merchants

NPCI has increased the UPI per-transaction limits for select verified merchants, including those in capital markets, insurance, travel, and credit card bill payments. Banks must comply with the new guidelines effective September 15, 2025. Originally posted by Livemint

UPI crosses 20 billion transactions in August 2025

India’s UPI network processed 20.01 billion transactions worth ₹24.85 lakh crore in August, marking a 33% year-on-year growth. Daily usage touched nearly 700 million, reinforcing UPI’s position as India’s most widely used digital payments platform. Originally posted by News18 That wraps up this month’s edition of EnFin. Stay tuned for the next edition, where we’ll continue to cover the updates defining how money moves, grows, and adapts in a digital-first economy. Stay updated, stay ahead. Follow us on LinkedIn for weekly fintech updates you don’t want to miss.

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Kunal Bhardwaj

I am a fintech content writer with expertise in accounting, finance, and digital payment ecosystems. With an academic background and hands-on experience in the accounting domain, I bring strong practical insights into financial operations, compliance, and business finance. I specialize in creating high-quality, research-driven content on fintech solutions, payments, corporate finance, expense management, and financial technology trends, helping businesses and professionals make informed decisions.

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