Wednesday, 25 March, 2026
Government Cuts Budget for UPI and RuPay Small Value Payments to Rs 1,441 Crore
By Isha
The Indian government has reduced the budgetary allocation for Unified Payments Interface (UPI) and RuPay small value payments to Rs 1,441 crore. The cutback aims to streamline expenditures while maintaining support for digital payment infrastructure. This decision may affect the incentives provided to banks and financial institutions for promoting UPI and RuPay transactions, reflecting a shift in the government's fiscal strategy for digital payments.
Read full story at Economic Times