look news india
Be it a tea shop or a vegetable stall, today making digital payments in India is not just a convenience but has become our habit. Now people in every village are taking out their phones and sending money in a jiffy. But now the government is preparing to take this revolution to a level which we had not even thought of!
Imagine, what if you don’t need to enter that 4 or 6 digit PIN again and again to make UPI payment?
Yes, this is going to be true! The government is soon considering introducing a technology in which you will be able to make payment just by giving a thumbs up or by showing your face.
Why was this needed?
Because UPI is no longer a small player! For the first time in August 2025, the number of transactions through UPI in a month crossed Rs 20 billion (2000 crores). It is clear that digital payment has now become the backbone of India’s economy, and it is necessary to make it easier and secure.
How will this new system work?
In this new facility you Aadhar card will be used. When making a payment, instead of entering a PIN, you just have to place your thumb on the scanner or scan your face, and the payment will be done! This amazing technology will be announced soon Global Fintech Festival 2025 Expected to be in.
What effect will this have on our economy and the country’s economy?
Its impact is not only on our and your pockets, but also on the country’s economy.
- Largest economy: India is one of the fastest growing economies in the world, and digital payments are driving its growth.
- Attack on black money: When every transaction is accounted for online, black money and tax evasion are curbed, thereby filling the government treasury.
- No charges will be levied: And the best part? RBI Governor has recently clarified that There will be no charge on UPI transactions.
India is becoming the ‘Bahubali’ of digital payments
Some statistics will surprise you:
- According to a report, out of every 100 real-time digital payments happening in the world, 49 happen in India alone!
- In 2022-23, India’s digital economy is expected to contribute more than ₹31 lakh crore to the country’s GDP.
- This sector has also provided employment to about 1.46 crore people.
This is just the beginning!
According to a report, India’s digital payment market by 2026 10 trillion dollars (about ₹800 lakh crore)!
So next time you make a payment through UPI, remember that you are not just doing a transaction, but becoming a part of India’s digital revolution, which is about to get even easier and futuristic!