- UPI ends 2025 on a record high in December; annual transactions reach Rs 300 lakh crore Moneycontrol
- Cash is still king. Why India’s digital payments are losing steam Deccan Herald
- UPI rebounds from November dip, ends December with new high of 21.6 billion transactions The Economic Times
- Blase Capital CASH SURVIVES Daily Pioneer
- UPI smashes records in 2025: What’s next for India’s payment giant? livemint.com