Addressing Infrastructure Gaps for UPI Growth

Finance Minister Nirmala Sitharaman has emphasized the importance of collaborative efforts among stakeholders to bridge infrastructure gaps, aiming for a target of one billion UPI transactions per day within the next two to three years. This initiative comes in response to recent disruptions faced by UPI users due to system outages.

Recent Challenges in UPI Transactions

Users across the country experienced transaction failures on April 12, marking the third outage in less than two weeks, following similar incidents on March 26 and April 2. These disruptions highlight the urgent need for robust infrastructure to support the growing demand for digital payments in India.

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