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UPI Hits 83.4% of India’s Digital Payments in FY25

2 June 20251 min read
BANKING & FINANCEUPI Hits 83.4% ofIndia’s DigitalPayments in FY252 June 2025safalsetu.com

Why in the news

UPI further widened its lead in FY25, while RBI announced a user survey and fraud-fighting tools.

Key facts

  • UPI volume up 41.7%; share of digital transactions 83.4% versus 79.4% in FY24.
  • RBI plans a nationwide survey of user preferences and problems.
  • DPIP: prototype by RBIH with 5-10 banks to detect and curb frauds.

RBI authorisations in FY25

CategoryNumber
Online Payment Aggregators26
Cross-border PAs5
Non-bank PPI issuers11
TReDS platform1
On-site inspections of operators84

UPI abroad

  • NIPL (NPCI International Payments Ltd) leads expansion.
  • QR-based acceptance: France, Nepal, Bhutan, Singapore, Sri Lanka, Mauritius, UAE.
  • More tie-ups expected in FY26; wider presence targeted by FY29.

Exam angle

  • Share of UPI, FY25: 83.4%.
  • Overseas arm: NIPL; fraud platform: DPIP (RBIH).
  • Of UAE, France, Germany, Singapore and Bangladesh, three accept UPI: UAE, France, Singapore.

Test yourself

1. What was UPI's share of India's digital transactions in FY25 according to the notes?

UPI's share rose to 83.4% in FY25 from 79.4% in FY24.

2. Which body is building the Digital Payments Intelligence Platform prototype with 5-10 banks?

RBIH (Reserve Bank Innovation Hub) is building DPIP to detect and reduce frauds.

3. Which entity leads the overseas expansion of UPI mentioned in the FY25 payments update?

NIPL leads UPI internationalisation.

This topic is part of Daily Current Affairs 1 & 2 June 2025 (20 topics).

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