{"id":15045,"date":"2025-10-31T16:37:43","date_gmt":"2025-10-31T11:07:43","guid":{"rendered":"https:\/\/www.enkash.com\/resources\/?p=15045"},"modified":"2025-11-03T14:14:47","modified_gmt":"2025-11-03T08:44:47","slug":"enfin-your-fresh-source-of-fintech-updates-november-2025-edition","status":"publish","type":"post","link":"https:\/\/www.enkash.com\/resources\/blog\/enfin-your-fresh-source-of-fintech-updates-november-2025-edition","title":{"rendered":"EnFin: Your Fresh Source of Fintech Updates (November 2025 Edition)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">With <\/span><i><span style=\"font-weight: 400;\">EnFin<\/span><\/i><span style=\"font-weight: 400;\">, we bring you timely insights into India\u2019s fintech landscape from policy moves and regulatory updates to digital innovation and cross-border trends. This monthly edition compiles the most significant highlights from the past few weeks, helping you stay informed about the rapid shifts shaping the future of finance.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><\/b><b><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"UPI-Transactions-Grow-35-in-H1-2025-Merchant-Payments-Expand-Faster\"><\/span><b>UPI Transactions Grow 35% in H1 2025; Merchant Payments Expand Faster<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">UPI volumes reached 106.36 billion in H1 2025, a 35% year-on-year rise. Merchant (P2M) transactions grew 37% and touched nearly 67 billion, while person-to-person (P2P) payments rose 31%. The aggregate value surged 23% to \u20b9143.34 trillion, underscoring the rapid expansion of merchant-led digital payments. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Moneycontrol<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gujarat-Traffic-Fines-Now-Payable-via-UPI-Apps\"><\/span><b>Gujarat Traffic Fines Now Payable via UPI Apps<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Gujarat government enabled traffic-fine payments through leading UPI apps such as Google Pay, PhonePe, BHIM Pay and YONO by integrating with the Bharat Bill Payment System (BBPS) and the \u2018One Nation One Challan\u2019 portal\u2014boosting digital collections and transparency. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by The Times of India<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"After-KYC-Comes-KYV-%E2%80%93-and-Users-Are-Frustrated\"><\/span><b>After KYC Comes KYV \u2013 and Users Are Frustrated<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A new regulatory requirement called \u201cKnow Your Vehicle\u201d (KYV) mandates vehicle owners to undergo verification for FASTag-linked accounts, superseding earlier KYC norms. Many users report frustration over what they view as an added layer of compliance in everyday mobility\/finance tasks. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by The Times of India<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry-Body-Warns-Over-80-of-UPI-Volumes-Handled-by-Two-Apps\"><\/span><b>Industry Body Warns: Over 80% of UPI Volumes Handled by Two Apps<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The India Fintech Foundation has written to the Ministry of Finance and the RBI, asserting that two third-party UPI apps account for more than 80% of UPI volumes. The body called for regulatory intervention to curb market dominance, protect smaller players and strengthen systemic resilience. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Moneycontrol<\/span><\/i><\/p>\n<h3><b>Dubai Enables Global Digital Wallet Payments Including UPI QR<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The Dubai Department of Finance has expanded its payments ecosystem to accept Apple Pay, Google Pay, Alipay, WeChat Pay and India\u2019s UPI QR codes for government services via the DubaiNow and DubaiPay apps. The move deepens India\u2019s digital-payment footprint abroad. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Dubai Media Office<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"RBI-Proposes-Same-Day-Credit-for-Cross-Border-Payments\"><\/span><b>RBI Proposes Same-Day Credit for Cross-Border Payments<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The RBI issued a draft circular requiring banks to credit inward cross-border remittances to beneficiary accounts on the <\/span><b>same business day<\/b><span style=\"font-weight: 400;\"> if received during FX-market hours (and next-day otherwise). The proposal aims to reduce settlement delays and boost remittance efficiency. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by The Indian Express<\/span><\/i><\/p>\n<h3><b>ICICI Prudential Life Enables Premium Payments via Banking Connect<\/b><b><br \/>\n<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">ICICI Prudential Life Insurance Company has integrated with the NPCI Bharat BillPay platform\u2019s Banking Connect feature, enabling policy-holders to pay premiums directly via any participating bank app\u2014removing the separate internet-banking step and streamlining the user experience. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Moneycontrol<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"UPI-Records-%E2%82%B9102-Lakh-Crore-in-Diwali-Transactions\"><\/span><b>UPI Records \u20b91.02 Lakh Crore in Diwali Transactions<\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">During Diwali eve, UPI payments surged past \u20b91.02 lakh crore, marking a strong uptick in festive-season digital spend. In October, average daily transactions climbed about 13% to \u20b994,000 crore, bolstered by e-commerce activity and reduced GST rates on seasonal categories. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Business Today<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Japan-to-Accept-UPI-for-Indian-Tourists\"><\/span><b>Japan to Accept UPI for Indian Tourists<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Japan will soon enable Indian visitors to make payments using UPI by scanning QR codes at local merchants. A tie-up between NPCI International Payments Ltd (NIPL) and NTT DATA Japan will allow UPI\u2019s global expansion to one of Asia\u2019s major tourist destinations. <\/span><i><span style=\"font-weight: 400;\">Originally posted by Business Standard<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NPCI-Launches-%E2%80%9CUPI-Help%E2%80%9D-AI-Assistant\"><\/span><b>NPCI Launches \u201cUPI Help\u201d AI Assistant<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NPCI introduced <\/span><i><span style=\"font-weight: 400;\">UPI Help<\/span><\/i><span style=\"font-weight: 400;\">, an AI-powered support assistant designed to process payment-related queries, track grievances, and automate autopay-mandate management. The tool is aimed at improving post-payment service experience and streamlining complaints\/mandates across the UPI network. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by News18<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Digital-Payments-Form-998-of-All-Transactions-UPI-Leads-with-85-Share\"><\/span><b>Digital Payments Form 99.8% of All Transactions; UPI Leads with 85% Share<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">According to the RBI\u2019s Payment System Report, digital-payment channels made up 99.8% of transaction volumes in early 2025, and UPI alone accounted for 85% of these volumes. In value terms, digital channels represented 97.7%, while RTGS continued to dominate very high-value flows. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by NDTV<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NPCI-Reports-Minor-Glitches-in-Same-Day-Cheque-Clearing\"><\/span><b>NPCI Reports Minor Glitches in Same-Day Cheque Clearing<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NPCI\u2019s newly launched same-day (T+0) cheque-clearing system, which started on 4 October, processed over 2.56 crore cheques amounting to \u20b93.01 lakh crore despite some initial teething issues. The regulator is guiding banks to credit beneficiary accounts post-confirmation as stabilization proceeds. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Business Standard<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"India-Introduces-Digital-Rupee-for-Offline-Payments\"><\/span><b>India Introduces Digital Rupee for Offline Payments<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The RBI rolled out the retail version of the digital rupee (e\u20b9) supporting wallet-to-wallet transfers even without mobile data a novel feature using NFC or minimal-connectivity cricket-tech. The aim is to expand payment access in underserved, low-connectivity regions. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by The CSR Journal<\/span><\/i><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><\/b><b><\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NPCI-Introduces-Biometric-Authentication-for-UPI-Payments\"><\/span><b>NPCI Introduces Biometric Authentication for UPI Payments<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The NPCI has enabled biometric authentication such as fingerprint and facial recognition, for UPI payments on devices, moving away from relying solely on PINs. This development aligns with RBI\u2019s guidelines for stronger authentication in digital payments and is expected to enhance security and user experience across India\u2019s digital-payments ecosystem. <\/span><i><span style=\"font-weight: 400;\">Originally posted by Moneycontrol<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"India-to-Launch-RBI-Backed-Digital-Currency-Warns-Against-Unbacked-Cryptos\"><\/span><b>India to Launch RBI-Backed Digital Currency, Warns Against Unbacked Cryptos<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Union Minister Piyush Goyal announced that India will soon launch a digital currency backed by the RBI, aimed at enabling secure and traceable payments. He further stated that private cryptocurrencies lacking asset backing will continue to be discouraged and face heavy taxation. The move signals India\u2019s push into central-bank digital currency (CBDC) territory. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by The Economic Times<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NPCI-Unveils-Four-New-UPI-Features-at-GFF-2025\"><\/span><b>NPCI Unveils Four New UPI Features at GFF 2025<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">At the Global Fintech Festival, NPCI launched four new UPI-related offerings: \u2022 UPI Reserve Pay (a credit feature) \u2022 UPIHELP (AI-driven support) \u2022 IoT Payments via UPI (device-based payments) \u2022 Banking Connect (simplified banking interface). These innovations aim to broaden UPI\u2019s scope beyond basic transfers and deepen use-case penetration. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Inc42<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Unified-View-Portability-for-UPI-Coming-by-Year-End\"><\/span><b>Unified View &amp; Portability for UPI Coming by Year-End<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">NPCI plans to roll out a unified view and portability feature for UPI by year-end, allowing users to link and view multiple UPI accounts across apps and migrate seamlessly between them. The feature is expected to simplify user experience and enhance interoperability within India\u2019s payments ecosystem. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Times Now News<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"RBI-Affirms-UPI-Transactions-Will-Remain-Free\"><\/span><b>RBI Affirms UPI Transactions Will Remain Free<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">RBI Governor Sanjay Malhotra confirmed that there is no proposal to levy charges on UPI transactions, putting to rest concerns of potential fees. He also projected strong economic growth of 6.8 percent for FY 2025\u201326, reaffirming confidence in India\u2019s long-term digital growth story.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by Hindustan Times<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SEBI-and-NPCI-Launch-Verified-UPI-Handles-to-Curb-Scams\"><\/span><b>SEBI and NPCI Launch Verified UPI Handles to Curb Scams<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To combat payment fraud, SEBI and NPCI rolled out \u201c@valid\u201d UPI handles for brokers and mutual funds. Major intermediaries covering more than 90 percent of investors have already adopted the verified system, strengthening investor trust and transaction safety.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by NDTV Profit<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SEBI-Survey-Finds-Awareness-Up-Participation-Low\"><\/span><b>SEBI Survey Finds Awareness Up, Participation Low<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">SEBI\u2019s 2025 Investor Survey revealed that while 63 percent of households are aware of market products, only 9.5 percent actively invest. Complexity, perceived risk, and limited trust remain major barriers to deeper retail participation.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by The Economic Times<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"RBI-Raises-Loan-Limits-on-Shares-and-IPO-Financing\"><\/span><b>RBI Raises Loan Limits on Shares and IPO Financing<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The RBI increased loan limits against shares to \u20b91 crore and IPO financing to \u20b925 lakh per investor to boost market liquidity and retail participation amid robust IPO momentum.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by The Indian Express<\/span><\/i><\/p>\n<h2><span class=\"ez-toc-section\" id=\"September-Sees-Slight-Drop-in-UPI-Volume-but-Higher-Value\"><\/span><b>September Sees Slight Drop in UPI Volume but Higher Value<\/b><b><br \/>\n<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In September, UPI transaction volumes fell by roughly 2% to 19.63 billion, while the total value of transactions rose marginally to \u20b924.90 lakh crore. This indicates that although fewer transactions were processed, the average ticket size increased, suggesting that larger payments are being made via UPI more frequently. <\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><i><span style=\"font-weight: 400;\">Originally posted by CNBC-TV18<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">This concludes our October roundup of <\/span><i><span style=\"font-weight: 400;\">EnFin<\/span><\/i><span style=\"font-weight: 400;\">. From policy shifts to product breakthroughs, the pace of change in fintech shows no sign of slowing.<\/span> <span style=\"font-weight: 400;\">We\u2019ll continue bringing you these timely insights through <\/span><i><span style=\"font-weight: 400;\">EnFin<\/span><\/i><span style=\"font-weight: 400;\"> each month. Don\u2019t miss the weekly highlights.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Follow EnKash on <\/span><a href=\"https:\/\/www.linkedin.com\/company\/enkashbusiness\/\"><b>LinkedIn<\/b><\/a><span style=\"font-weight: 400;\"> to catch our weekly fintech updates and stay one step ahead.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With EnFin, we bring you timely insights into India\u2019s fintech landscape from policy moves and regulatory [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":15046,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[128],"tags":[],"class_list":["post-15045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth-guide"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Enfin :Your Fresh Source to Fintech Updates (November 2025) | EnKash<\/title>\n<meta name=\"description\" content=\"Stay updated with EnFin\u2019s monthly roundup of digital finance, UPI, RBI, and fintech updates. 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