India's Finance Minister sets goal for one billion daily UPI transactions within two to three years.

Finance Minister Nirmala Sitharaman aims to boost daily UPI transactions to one billion within two to three years, emphasizing international expansion and enhanced cybersecurity. UPI has seen a 72% growth rate since 2019, with over 450 million active users. The plan includes addressing recent service disruptions and onboarding more users and merchants. Newer UPI apps like Super.Money and Navi are also gaining market share, competing with giants like PhonePe and Google Pay.