UPI transaction value growth slowing consistently since 2021-22 financial year
GK and monthly revision
Even as government considers MDR charge on UPI, data shows cash usage quickening in economy
The Hindu's analysis reveals UPI transaction value growth has decelerated consistently since FY22, while currency with the public grows faster, indicating persistent cash preference. Government is considering Merchant Discount Rate (MDR) on UPI to sustain payment infrastructure. This trend challenges digital payment adoption targets and has implications for financial inclusion and RBI's payment system policies.
Source: The Hindu. This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.
Revision structure
Monthly events and exam calendar context
Static GK and one-liner notes
Quiz and mock-test revision path
Key points
Exam-ready takeaways
Currency with public growing faster than UPI transaction value currently
Government considering imposing Merchant Discount Rate (MDR) on UPI transactions
MDR currently zero for UPI since January 2020 per Finance Ministry directive
RBI's Payments Vision 2025 targets 3x digital payment volume growth by 2025
How to study
Turn news into exam marks
Revise monthly events by exam family instead of reading random updates.
Pair one-liners with mock tests so mistakes become the next revision list.
Note which exams each story matters for, and revise it again in the week before that exam.