calender_icon.png 17 July, 2025 | 11:24 PM

Digital payment revolution attracts global attention: Govt

11-06-2025 12:00:00 AM

The UPI system is now used by close to 460 mn individuals and 65 mn merchants

PTI New Delhi

The digital payment revolution unfolding in India has attracted global attention, a government document said. India's digital payment system has been linked to various countries globally, a booklet, released on completion of 11 years of the NDA-ruled government led by Prime Minister Narendra Modi, said.

"The digital payment revolution unfolding in India has attracted global attention. In March 2025, approx Rs 24.77 lakh crore worth of 1,830.151 crore UPI transactions were carried out on the Unified Payment Interface (UPI)," it said. The UPI system is now used by close to 460 million individuals and 65 million merchants, it said. Digital payments are being made for even the smallest of transactions, with nearly 50 per cent classified as small or micropayments, it said.

As regards Direct Benefit Transfer (DBT), it said, the Modi government has effectively deployed technology and digital tools for ensuring transparency and plugging leakages in governance. For example, it said, the introduction of DBT and Aadhaar authentication in various welfare schemes have led to the elimination of lakhs of ghost beneficiaries, enormous savings for the government, and timely delivery of benefits to citizens.