July 23, 2026 at 10:17 AM 2 min readtechNews Insights
Infosys Q1 Results Awaited as NPCI Announces Offline UPI via NFC
HDFC Securities forecasts Infosys Q1 revenue at ₹48,408 crore while NPCI unveils contactless offline payment features.
[Infosys Prepares to Report Q1 FY27 Financial Results]
Infosys, India's second-largest IT services company, is scheduled to announce its financial results for the first quarter ended June 30, 2026. Brokerage firms have offered varied projections, with HDFC Securities forecasting revenue at ₹48,408 crore and Axis Securities estimating revenue at ₹48,916 crore. Analysts are closely watching the earnings for demand recovery indicators and potential revisions to annual revenue guidance.
[NPCI Introduces Contactless Offline UPI Transactions]
In a parallel digital payments milestone, the National Payments Corporation of India is set to introduce a feature enabling offline Unified Payments Interface transactions. Utilizing Near Field Communication technology, the upcoming facility will allow contactless payments of up to ₹2,000 per transaction without requiring an active internet connection or mobile network.
[Expanding Accessibility in Remote Regions]
To utilize this feature, customers must add funds to their UPI Lite accounts while connected to the internet. This system operates independently of existing services like *99# or UPI 123PAY, aiming to enhance digital payment accessibility in rural and remote areas characterised by unreliable network connectivity.
Pulse Intelligence
Context & ImpactContext & Background
- Indian IT services firms faced fluctuating global enterprise tech spending patterns throughout the preceding financial quarters.
- The Unified Payments Interface ecosystem has expanded continuously with innovative features designed to increase digital transaction penetration.
- Previous offline payment solutions relied on unstructured supplementary service data channels or voice calls requiring network availability.
Key Consequences
- IT sector analysts will evaluate Infosys management commentary for forward-looking demand trends across major global markets.
- Retail consumers will gain the ability to execute low-value digital payments in connectivity-restricted environments via Near Field Communication.
- Adoption of UPI Lite accounts is expected to increase as users prepare for offline contactless transaction capabilities.
Market & Economic Impact
Not applicable.
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