UPI Surges Past Rs 314 Lakh Crore in Payments Since Launch
GS3Economy · S&T · Environment · Security· Monetary policy, RBI & banking· Prelims + Mains·
Why in news
UPI reached a milestone of ₹314 lakh crore in payments, highlighting its role as a cornerstone of India's digital public infrastructure.
Background
UPI was launched on August 26, 2016, and is operated by the National Payments Corporation of India (NPCI). As of 2025-26, it serves over 55 crore users and 6.5 crore merchants daily.
Facts for Prelims
- BodyNPCI: The body responsible for operating the UPI infrastructure in India.
- FactUPI reached a cumulative payment volume of ₹314 lakh crore in 2025-26.
- FactUPI currently supports over 55 crore users and 6.5 crore merchants.
- S&TUPI is an interoperable, real-time payment system enabling fee-free transactions.
For Mains
Q. Discuss how the Unified Payments Interface (UPI) has contributed to financial inclusion and the formalization of the Indian economy.
Dimensions to cover in your answer
- financial inclusion for MSMEs
- digital public infrastructure (DPI) model
- monetary policy transmission
- cybersecurity challenges
Keywords: Digital Public Infrastructure · Financial Inclusion · Interoperability · Formalization · Real-time Payments
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