Unveiling Indias Reign in Fast Payments: Leading the Global UPI Surge with a Whopping 18 Billion Monthly Transactions
Summary The Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI) and launched in 2016 to enable seamless inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions across India. Designed as a neutral, accessible, and low-cost digital payments platform, UPI has revolutionized India’s financial ecosystem by fostering widespread […]