UPI at 10: How India’s homegrown payment system transformed the way the country transacts

August 25, 2026 11:54 AM

UPI at 10: How India’s homegrown payment system transformed the way the country transacts

In a decade, the Unified Payments Interface (UPI) has moved from being a new digital payment mechanism to becoming an integral part of everyday life in India. From small-value payments at neighbourhood shops to bank transfers and cross-border transactions, UPI has fundamentally changed the country's digital payments landscape. Developed by the National Payments Corporation of India (NPCI), UPI was conceived as an interoperable, simple and secure platform that could bring multiple banking servic...

PM Modi hails 10 years of UPI, says digital payments revolution a source of pride for every Indian

August 25, 2026 11:34 AM

PM Modi hails 10 years of UPI, says digital payments revolution a source of pride for every Indian

Prime Minister Narendra Modi on Tuesday hailed the Unified Payments Interface (UPI) as a “major turning point” in India’s digital payments journey as the country’s flagship real-time payment system completed a decade, highlighting its unprecedented scale, reach and growing global footprint. In a post on X, PM Modi said the rollout of UPI a decade ago had transformed the way Indians make payments and urged citizens to share how the platform had impacted their lives. “A decade ago, UPI...