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The Economic Times

National

UPI handles nearly 80 crore transactions daily, says Nirmala Sitharaman

Nirmala Sitharaman UPI Reserve Bank Data Centres India Cybersecurity fintech

Union Finance Minister Nirmala Sitharaman said UPI has emerged as the world's largest real-time payment system. She highlighted that UPI is currently processing nearly 80 crore transactions a day.

Emphasizing the rapid growth of digital payments in India, Sitharaman said UPI transactions have increased nearly 13,000-fold since 2016–17. The platform now handles more than 2,400 crore transactions a month, reflecting how widely digital payments have become part of everyday life.

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