UPI Hits 83.4% of India’s Digital Payments in FY25
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
| Category | Number |
|---|---|
| Online Payment Aggregators | 26 |
| Cross-border PAs | 5 |
| Non-bank PPI issuers | 11 |
| TReDS platform | 1 |
| On-site inspections of operators | 84 |
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.