UPI credit line transactions to hit $1 trillion by 2030: Zeta

28 Aug 2024 CW Team

According to fintech firm Zeta, the credit line on UPI is projected to surpass $1 trillion in transaction value by 2030, driven by the increasing adoption of digital payment solutions across India. Unified Payments Interface (UPI) has already transformed the payment landscape, and credit on UPI is expected to further enhance the convenience for users and merchants.

The introduction of credit lines on UPI will allow users to access short-term credit seamlessly through their UPI-linked accounts, providing a significant boost to digital financial inclusion. Zeta estimates that this could accelerate the adoption of credit solutions among individuals who previously lacked access to formal credit.

The integration of UPI with credit lines could drive the next wave of fintech innovation, expanding credit accessibility while ensuring secure and rapid transactions. As more banks and financial institutions collaborate to offer UPI-based credit services, the potential for this sector's growth is immense. By 2030, Zeta predicts that this service will account for a substantial portion of India's digital credit ecosystem.

With increasing consumer trust in digital payment systems and the continuous rise of UPI transactions, credit lines on UPI are positioned to play a transformative role in India's financial sector.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..