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Unified Payments Interface (UPI)

The UPI reinforced its dominance in India’s digital payments, accounting for 83.7% of total transaction volume in FY25, up from 79.7% in FY24

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.

PM Narendra Modi delivered an impactful speech at the closing of the 6th BIMSTEC Summit in Thailand, outlining key areas.

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

In Jan 2025, India's UPI saw an all-time high, with transactions surpassing 16.99 billion and a total value exceeding Rs 23.48 lakh crore.

Professor Carlos Montes of Cambridge University said UPI offers key lessons for countries adopting digital payments.