The ₹8,276-crore incentive scheme, which ran from FY22 to FY25, drove an 11-fold increase in digital payments over this period and cemented UPI’s position as India’s dominant payment rail, according to a government-commissioned impact study.
4 min read16 Feb 2026While the government has maintained that UPI remains a ‘public good’, the budget announcement has again sparked conversation around introduction of a tiered charge at least for large merchants on the UPI network.
5 min read1 Feb 2026The monthly rate of card additions slowed to around 820,000 in December, 57% lower than a year ago.
4 min read24 Jan 2025India introduces Rupay card in Maldives after talks between PM Modi and Maldives President Muizzu.
2 min read7 Oct 2024Each bank offers its own debit card to customers, but most of these cards can broadly be divided into three categories - Visa, MasterCard and RuPay card. Read further to know what these cards offer.
3 min read27 Nov 2022