New Delhi, Feb. 16 -- The Department of Financial Services (DFS) has released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and Low-Value BHIM-UPI (Person-to-Merchant) Transactions' during a Chintan Shivir held on 13-14 February 2026.

The study, conducted by an independent research agency in consultation with the National Payments Corporation of India (NPCI), evaluated the effectiveness of the government's incentive framework in expanding digital payments, strengthening infrastructure and promoting financial inclusion.

Rising Adoption of Digital Payments

The report indicates a significant shift towards digital transactions. Among surveyed users, Unified Payments Interface (UPI...