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FM calls for achieving 1 bn UPI transactions per day

Business Standard

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April 29, 2025

UPI, India's real-time payments system, faced glitches for the fourth time in a little over two weeks on April 12.

The NPCI had attributed these failures to "intermittent technical issues".

Sitharaman also called for achieving one billion per day UPI transactions in the next two-three years, while addressing infrastructure gaps and enhancing end-user experience. The minister also emphasised the importance of accelerating the internationalisation of UPI through the development of interoperable frameworks and expanding its global payment acceptance.

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