Archive · 2 Jun 2025
FM Sitharaman Reviews UPI, Sets Ambitious Transaction Goals
Imagine a digital payment system called UPI, like a super-fast way to pay with your phone.
The Finance Minister is like the head of the money department, and she checked how UPI is doing.
She wants UPI to be used a lot more, aiming for a billion payments every day in the next few years!
This means more people and businesses will use it.
They're also making sure it's super safe and works all the time, like a strong, reliable digital payment system.
They plan to improve it further by making it available globally and ensuring it works well everywhere.
Finance Minister Nirmala Sitharaman reviewed the UPI ecosystem.
The target is to reach one billion daily UPI transactions in 2-3 years.
Discussions included improving UPI's resilience and scalability.
Priorities include internationalization, user onboarding, and addressing infrastructure gaps.
The Finance Minister directed NPCI to strengthen the UPI platform.
- Who
- Finance Minister Nirmala Sitharaman
- What
- Reviewed the Unified Payments Interface (UPI) ecosystem and set future growth targets.
- When
- April 28th
- Where
- Not specified in the article.
- Why
- To enhance UPI's resilience, scalability and promote the adoption of digital payments.
- Finance Minister
- Nirmala Sitharaman
- UPI Target
- One billion daily transactions
- Target Timeframe
- 2 to 3 years
- FY25 UPI Transactions
- ₹261 lakh crore
- FY24-25 UPI Transactions Volume
- 18,586 crore
- FY25 Growth Rate
- 30%
- FY24-25 Transaction Volume Growth
- 42%