Government policy through incentives and infrastructure investments drives digital payment growth. The Union Budget 2026 allocated ₹2,000 crore for UPI and RuPay transactions, enabling adoption and formalization.

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CURRENT STATE

Digital payments accounted for 97.7% of total payment transaction value in H1 2025. UPI transactions reached 21.63 billion in December 2025. The Financial Inclusion Index rose to 67.0 in March 2025.

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