New Delhi: After the latest couple of disruptions inside the UPI charge gadget, the finance minister has stepped into movement for the common UPI outage and laid out a roadmap for its improvement.
She also urged all stakeholders to collaborate in addressing the present infrastructure gaps and set a bold goal for achieving a thousand million UPI transactions consistent with day inside the next 2-3 years.
In an excessive-level evaluation assembly on monday nighttime, the finance minister additionally emphasized enhancing the resilience, scalability, and real-time tracking of the UPI infrastructure to make certain uninterrupted provider transport and make stronger person belief. The circulation of the authorities comes after three main outages that UPI encountered lately, with users across the united states dealing with transaction screw-ups on april 12, marking the third incident in much less than a week. Earlier outages had been reported on march 26 and april 2.
According to NPCI statistics, the UPI community processed over 590 million transactions each day on average in March. Between FY20 and FY25, UPI transactions registered a compound annual growth charge (CAGR) of 72 percent. The minister additionally emphasized the importance of increasing the internationalization of UPI through the improvement of interoperable frameworks and expanding its international fee recognition.
But NPCI officers told FM Sitharaman that between FY22 and FY25, around 260 million new customers and 55 million new merchants had been successfully onboarded on the UPI platform. UPI now has approximately 450 million yearly active customers. In FY25, UPI transactions amounted to ~261 trillion, a 30% year-over-year boom. Similarly, in phrases of quantity, 18,586 crore transactions befell in FY25, a forty-two percent year-over-year increase.
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