Govt’s incentive scheme powered 11x surge in digital payments in three years, study shows
The Centre’s ₹The Rs 8,276-crore incentive scheme to promote RuPay debit cards and low-value UPI transactions, 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, accounting for nearly 80% of total digital transactions, according to a government-commissioned impact study….