India's Unified Payments Interface (UPI) has become the world's largest real-time digital payments ecosystem, processing over 14 billion transactions per month and fundamentally transforming how 1.4 billion people handle money.
From Cash to Digital
Launched in 2016 by the National Payments Corporation of India (NPCI), UPI started modestly but exploded after demonetization and the COVID-19 pandemic. Today, from a street vendor in a remote village to a premium restaurant in Mumbai, UPI is everywhere.
Global Expansion
UPI has been adopted or is being integrated in Singapore, UAE, France, Sri Lanka, and several other countries. This makes India an exporter of financial technology infrastructure.
The Numbers Speak
In 2024, UPI processed over 172 billion transactions worth over ₹260 lakh crore ($3.1 trillion). No other country comes close to this scale of real-time digital payments.