Prime Minister Narendra Modi has described UPI as the undisputed champion of India’s fintech success story, highlighting its rapid adoption, global expansion and contribution to financial inclusion. He said the platform has transformed digital payments and expanded access to formal financial services. Speaking at the Global Fintech Fest 2026, PM Modi said discussions on the […]
UPI Transactions in August rose 22% year-on-year to 24.51 billion, according to data released by the National Payments Corporation of India (NPCI). The value of UPI transactions also increased 20% to Rs 29.82 lakh crore. The latest figures highlight the continued expansion of India’s digital payments ecosystem. UPI continues to see strong adoption among consumers, […]
UPI Growth has transformed India’s digital payments ecosystem over the past decade, with annual transactions rising from 1.78 crore in FY 2016-17 to more than 24,162 crore in FY 2025-26. Transaction value also increased from ₹0.07 lakh crore to around ₹314 lakh crore during the period. The Unified Payments Interface (UPI) completes 10 years on […]
India is working to expand the global reach of its homegrown digital payment system, Unified Payments Interface (UPI), to more countries, with a special focus on East Asia, Financial Services Secretary M Nagaraju said on Tuesday. Speaking at the Global Inclusive Finance India Summit here, Nagaraju said UPI has played a key role in driving […]
NPCI International Payments Limited (NIPL) has signed a Memorandum of Understanding (MoU) with NTT DATA Japan, marking a significant step towards Unified Payments Interface (UPI) acceptance in the Japanese market. The partnership will enable UPI acceptance across NTT DATA-acquired merchant locations throughout Japan, allowing faster checkouts, enhanced customer satisfaction, and business growth. The MoU reflects […]
