Shared costs, targeted incentives vital for UPI, RuPay expansion: Study
- Posted on February 16, 2026
- By Financial Express
- 4 Views
Shared costs, targeted incentives vital for UPI, RuPay expansion: Study

A comprehensive DFS study reveals that UPI now accounts for 57% of transactions, overtaking cash at 38%. The report recommends tiered cashback for RuPay and the expansion of UPI Lite to sustain India's 11-fold growth in digital payments.