New Delhi, 31st July 2025: India has achieved the top global rank in fast and secure digital payments. The wide adoption and usage of the Unified Payments Interface (UPI) has earned India this distinction! Launched in 2016 by the National Payments Corporation of India (NPCI), UPI has now evolved into the simplest and most popular mode of digital transactions.
Using UPI, people can link multiple bank accounts in a single mobile application, enabling seamless transactions.
According to NPCI, more than 1,800 crore (18 billion) UPI transactions take place every month. In June 2024 alone, UPI handled 2,403 crore (24.03 billion) transactions, amounting to ₹18.39 lakh crore (₹18.39 trillion), which marks a 32% increase compared to June 2023.
UPI Leads India’s Digital Success Story
UPI has helped shift the economy away from cash and card-based transactions, transforming it into a digitally empowered financial system. Today, UPI is not just used by large businesses, but also by small shopkeepers and common citizens across the country.
Among the three major digital payment systems in India, 86% of transactions are now conducted via UPI.
Currently:
- 49.1 crore users (491 million people)
- 6.5 crore businesses (65 million)
- 675 banks
are integrated with the UPI network. - Expanding Beyond India
Not only within India, UPI is now handling almost 50% of all real-time digital payments internationally. Countries like the United Arab Emirates (UAE), Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius are already using India’s UPI system.
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