Bharat Express DD Free Dish

digital payments

India emerges as the fastest-growing fintech market, driven by rising credit demand & UPI innovation, making it a top fintech investment hub.

UPI grow in popularity across India, the number of accidental transactions, such as sending money to the wrong person, is also on the rise.

India's daily Unified Payments Interface (UPI) transactions rose to 596 million in April from 590 million in March, NPCI data showed.

Finance Minister Nirmala Sitharaman on Monday stressed the need to target one billion UPI transactions per day within two to three years.

Sujith Nair, CEO and Co-Founder of the Foundation for Interoperability in Digital Economy (FIDE), declared on Friday that UPI has evolved.

India is leading in digital transformation, with Vivek Wadhwa calling its infrastructure 'ahead of Silicon Valley' at the Rising Summit 2025.

NPCI data shows UPI transactions surged to 18.3 billion in March, marking a 13.59% increase from February's 16.11 billion.

The government has raised an additional Rs 9,118 crore in tax revenue from over 9 million updated ITRs filed in the past four years.

The digital payments sector is facing significant financial losses of around Rs 500-600 crore after the government decided to withdraw its subsidy support on RuPay debit cards.

The Union Cabinet approved an extension of the ₹1,500 crore incentive scheme for small digital transactions on Wednesday.