Top News

UPI Transactions in 8 Financial Years: According to the information given in Parliament recently, UPI transactions increased from 92 crores to 18,587 crore in FY 2024-25 with 114 percent CAGR in FY 2017-18. During the same period, the price of transactions has increased from Rs 1.10 lakh crore to Rs 261 lakh crore.

Minister of State for Finance Pankaj Chaudhary said in a written reply to a question in the Lok Sabha that in July 2025, UPI achieved another achievement when more than 1,946.79 crore transactions were recorded in a month for the first time.

22,831 crore transactions in financial year 2024-25

The total quantity of digital payment transactions in the country has increased from 2,071 crore in FY 2017-18 to 22,831 crore in FY 2024-25, which is increasing from 41 percent CAGR. The Minister of State said that during the same period, the price of transactions has increased from Rs 1,962 lakh crore to Rs 3,509 lakh crore. The Minister of State also said that the government and the Reserve Bank of India have taken several measures in the last few years to resolve loan discipline, responsibility, better administration, adopting technology and resolving issues to proper regulation of cooperative banks.

He said that administrative reforms in public sector banks have been made through reforms such as the selection of top management through the Financial Services Institute Bureau, appointment of non-executive presidents in nationalized banks, expansion of talent pool and demonstration-based expansion for managing directors. Better access and service excellence (EASE) reforms have made benchmark progress in all major sectors of public sector banks, such as governance, prudent debt, risk management, technology-end data driving banking, and result-centered HR.

Measures and achievements implemented to improve debt flow to micro, small and medium enterprises (MSMEs) include mutual credit guarantee scheme for MSME and Emergency Credit Line Guarantee Scheme for MSMEs.

When did UPI start?

Unified Payments Interface (Upi)) The launch was started by the Reserve Bank of India (RBI) on 11 April 2016. The UPI is used as an Indian digital payment system, which accordingly adds various banks and payment service providers to a uniform platform. the scheme Reserve Bank of India The “National Payments Corporation of India” was shared by. It is an attempt to strengthen the Indian digital financial system and is a medium to make commercial messages more easy.