Finance Minister presents Digital Payments Awards at Vigyan Bhawan
On 18 June 2025 at Vigyan Bhawan, New Delhi, Finance Minister Nirmala Sitharaman and MoS Pankaj Chaudhary presented the Digital Payments Awards hosted by the Department of Financial Services.
Summary
The Department of Financial Services (DFS) hosted the Digital Payments Awards ceremony at Vigyan Bhawan, New Delhi on 18 June 2025, attended by Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary. Representatives of 39 banks and 84 fintech companies took part, and 10 awards were presented to top-performing banks. Sitharaman said UPI is active in 7 countries, with 35 crore active users, and that India's fintech adoption rate is 87% against 67% globally. DFS Secretary M. Nagaraju said UPI recorded 18,587 crore transactions worth ₹261 lakh crore in FY 2024-25. Chaudhary noted that over 55.54 crore PMJDY accounts have been opened.
Key facts
- Venue
- Vigyan Bhawan, New Delhi, 18 June 2025
- Participants
- 39 banks, 84 fintechs
- Awards to banks
- 10
- UPI
- Active in 7 countries; 35 crore active users
- UPI FY 2024-25
- 18,587 crore transactions worth ₹261 lakh crore
- Fintech adoption
- 87% in India vs 67% globally
Practice MCQs 3 questions
Where was the Digital Payments Awards ceremony hosted by the Department of Financial Services held on 18 June 2025?
Show answer
Correct answer: B — Vigyan Bhawan, New Delhi
PIB (MoF): DFS hosted the Digital Payments Awards ceremony at Vigyan Bhawan, New Delhi on 18th June 2025.
According to the Finance Minister at the Digital Payments Awards on 18 June 2025, UPI is active in how many countries?
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Correct answer: C — 7
PIB (MoF): Today UPI is active in 7 countries, the Finance Minister said.
Consider the following statements made at the Digital Payments Awards on 18 June 2025: 1. UPI recorded 18,587 crore transactions in FY 2024-25. 2. India's fintech adoption rate is 87% against 67% globally. 3. A total of 10 awards were presented to top-performing banks. Which of the statements given above is/are correct?
Show answer
Correct answer: D — 1, 2 and 3
PIB (MoF): UPI recorded 18,587 crore transactions in FY 2024-25, India has 87% fintech adoption against 67% globally, and 10 awards went to top-performing banks. All are correct, so the answer is 1, 2 and 3.