Search results for UPI
Finance
Instant payments success decided by ecosystems, not infrastructure
Instant payments do not automatically spread simply because a real-time payment network has been built, an analysis showed. Adoption speed depends more on existing national payment ecosystems, including card and cash habits, merchant participation and pricing policies. McKinsey classified the global market into three types: markets where instant payments are the main method, those where they complement card ecosystems, and those where they compete with entrenched habits. India and Brazil were cited as success cases.
AI & Enterprise
Cursor launches India-only plan ahead of SpaceX acquisition, targets local developers
AI coding startup Cursor has launched an India-only subscription plan priced at 649 rupees, about $7 a month, below its $20 Pro plan. The company said this is its first country-specific pricing and cited India as its third-largest market with high power-user density. Cursor said the plan targets demand between free and Pro tiers and includes local rupee billing and UPI payments. The move coincides with SpaceX’s planned $60 billion all-stock acquisition.
Crypto
Coinbase restarts rupee transfer service in India
Coinbase has launched direct rupee deposits and withdrawals in India. Users can move rupees between local bank accounts and Coinbase via the Immediate Payment Service (IMPS). They can also use spot trading, perpetual futures and advanced trade on one platform. The move aligns with Coinbase’s plan to expand again in India after halting UPI-based deposits in 2022. Coinbase registered with India’s FIU in March 2025, saying it gained a formal basis under AML rules.
