Unified Payments Interface at 10: UPI emerges as world’s largest real-time payments platform, anchoring India’s digital economy

April 30, 2026 9:55 PM

Unified Payments Interface at 10: UPI emerges as world’s largest real-time payments platform, anchoring India’s digital economy

A decade after its launch, the Unified Payments Interface (UPI) has transformed from a fledgling digital experiment into the world’s largest real-time payments platform, powering nearly half of global instant payment transactions and redefining how India pays, saves and transacts. Launched on April 11, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), UPI today stands as the backbone of India’s digital economy - driv...

India logs 65,000 crore digital transactions worth ₹12,000 lakh crore in six years

July 29, 2025 12:14 AM

India logs 65,000 crore digital transactions worth ₹12,000 lakh crore in six years

Over 65,000 crore digital transactions were recorded in India between FY20 and FY25, amounting to more than ₹12,000 lakh crore, the government informed Parliament on Monday. Minister of State for Finance Pankaj Chaudhary, in a written reply in the Lok Sabha, said the government has been working closely with stakeholders including the Reserve Bank of India (RBI), National Payments Corporation of India (NPCI), fintech companies, banks, and state governments to boost digital payment adoption, pa...