RBI establishes a Payments Infrastructure Development Fund
65,000 crore digital transactions took place in last six years
IH News Desk
NATIONAL, July 28, 2025: The union government has collaborated with various stakeholders, including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintechs, banks and state governments to boost digital payment adoption in the country. The RBI established a Payments Infrastructure Development Fund (PIDF) in 2021 to promote digital payment acceptance infrastructure in tier-3 to 6 cities, North-Eastern States and Jammu & Kashmir.
As of May 31, 2025, around 4.77 Crore digital touch points have been deployed through PIDF. Over 65,000 crore digital transactions have taken place in the last six years amounting to over Rs 12,000 lakh crore. The RBI-DPI measures the extent of digitisation of payments across the country.
Initiatives have been taken to support small businesses and MSMEs in adopting digital payment systems, such as the promotion of low-value BHIM-UPI transactions, Trade Receivables Discounting System (TReDS) guidelines and rationalization of Merchant Discount Rate (MDR) for debit card transactions.
Digital payments have revolutionised access to financial services, particularly for underserved communities.