UPI preferred mode of transaction at 57%, surpassing cash at 38%: Survey
Zee News
The study also finds that 90 per cent of users reported increased confidence in digital payments after using UPI and RuPay cards, accompanied by a marked decline in cash usage and ATM withdrawals.
New Delhi: Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey.
The Department of Financial Services (DFS), Ministry of Finance, released a 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' during the Chintan Shivir held last week.
The study has been carried out by an independent third-party research agency in consultation with the National Payments Corporation of India (NPCI).
The analysis evaluates the effectiveness of the Government's incentive framework in promoting digital payments, strengthening payment infrastructure, and advancing financial inclusion across the country.
The Incentive Scheme was conceptualised as part of the Government of India's broader policy objective of accelerating universal adoption of digital payments, reducing dependence on cash, and formalising routine economic activity, a release said. Introduced in FY 2021-22 and continued through FY 2024-25, the scheme provided structured budgetary support to acquiring banks and ecosystem participants to ensure that digital payments remained affordable, accessible, and sustainable for citizens and merchants alike.
Gates is among the top global leaders who will be attending the AI Impact Summit that is being held in India from February 16 to 20.
Under the CBDC framework, digital coupons generated through the Reserve Bank of India will be credited directly to beneficiaries as programmable digital currency (e₹).
You don’t need to save huge amounts to begin your journey. Even setting aside a small amount regularly can build a strong habit. Saving Rs 100 a day may seem insignificant, but over a year, it adds up to a meaningful amount.
If you’re planning to file your 2025 federal tax return, mark your calendar, the deadline this year is April 15. This date officially wraps up the 2026 tax filing season in the United States and is widely known as Tax Day.
Boeing welcomed the governments decision to remove the 7.5%-15% basic customs duty on components and parts used in the manufacture of civilian aircraft, calling it a transformative step for the sector.
Rolls-Royce announced its intention to significantly scale up its business operations in India to support future programs across the defence, civil aviation, and energy sectors.
MG Majestor: JSW MG Motor India today unveiled its all-new Majestor SUV at an event in Gurugram. Pre-bookings open today at a token amount of Rs 41,000.
The new additions also comprise of rural housing, online media service provider/streaming services, value added dairy products, barley & its product, pen-drive and external hard disk, attendant, babysitter and exercise equipment. The year-on-year inflation rate based on All India Consumer Food Price Index (CFPI) for the month of January is recorded at 2.13% (Provisional).
Sensex closed at 83,674.92 points, down 558.72 points or 0.66 per cent, while Nifty closed at 25,807.20 points, down 146.65 points or 0.57 per cent.
In a major relief for customers, banks will now have to prove that a financial product actually suits you before selling it. For the first time, the RBI is making “suitability” a legal requirement. This means that before offering you insurance, mutual funds, or even credit cards, banks must assess factors like your income, age, financial understanding and risk appetite.
Regarding the recent technical glitches at the National Securities Depository Limited (NSDL), the Chairman confirmed that the system is now functioning normally. He explained that a technical issue in the inter-depository transfer system led to settlement backlogs, which were cleared by the weekend.
Regarding the recent technical glitches at the National Securities Depository Limited (NSDL), the Chairman confirmed that the system is now functioning normally. He explained that a technical issue in the inter-depository transfer system led to settlement backlogs, which were cleared by the weekend.
Hyundai India has posted its highest-ever monthly domestic sales. The company sold 59,107 units in January 2026. This marks a 9% growth compared to the same month last year.