Govt's incentive scheme powered 11x surge in digital payments in three years, study shows

Feb 16, 2026 - 04:30
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Govt's incentive scheme powered 11x surge in digital payments in three years, study shows
The ₹8,276-crore incentive scheme, 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, according to a government-commissioned impact study.

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