DIGITAL BHARAT - UPI PAYMENT

UPI has emerged as the most preferred mode of payment, overtaking cash, with over 50% users favouring digital transactions, according to a report by the Finance Ministry, which also flagged the need for a targeted rural push to boost RuPay debit card usage.

According to the Finance Ministry report, UPI has emerged as the most preferred mode of transaction, accounting for 57%, surpassing cash transactions at 38%, primarily due to ease of use and instant fund transfer capability.

Digital payment adoption rises across socio-economic segments

The report titled “Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person-to-Merchant) transactions” was released by the Department of Financial Services (DFS), released a during the Chintan Shivir held on 13-14 February 2026.