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The Economic Times

UPI transactions in value terms witnesses more than 4,000 fold jump over the decade

UPI India Ashok Chandra Narendra Modi

New Delhi: The Unified Payments Interface (UPI), launched on August 25, 2016, has transformed India's digital payments landscape, with transaction value surging from Rs 0.07 lakh crore in FY17 to around Rs 314 lakh crore in FY26, a more than 4,000-fold increase over the decade.

Experts feel that UPI has emerged as one of the most successful pillars of India's Digital Public Infrastructure (DPI), providing an interoperable, real-time payments platform that enables seamless peer-to-peer and peer-to-merchant transactions through a single application.

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