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10 Years of UPI: Digital Payments Report Shows 57% Usage, ₹8,276 Crore Incentives and $16.2 Billion GDP Impact
Study on RuPay and BHIM-UPI scheme shows 49% global dominance, 94% merchant adoption and rapid expansion to 8 countries After a decade of the launch of the Unified Payments Interface (UPI), the Department for Financial Services (DFS), Ministry of Finance, has released a comprehensive report titled: “Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person-to-Merchant) Transactions.” The report was released during
15 hours ago4 min read
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