2025-07-15Niranjan Ghatule
India's UPI has overtaken 67-year-old US-based VISA to become the world's largest real-time digital payment system. Launched in 2016, UPI now handles over 650 million daily transactions and is active in seven countries. Recognized by the IMF and World Bank, UPI represents India's fintech leadership and global digital ambitions.
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2025-03-19Niranjan Ghatule
The Indian Cabinet has approved a ₹1,500 crore incentive scheme to promote BHIM-UPI transactions up to ₹2,000 in FY25. This initiative aims to boost digital payments, particularly small-value transactions, making them more accessible and cost-effective for users and merchants. The scheme is part of the government's broader push toward a cashless economy and financial inclusion.
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