India’s Unified Payments Interface (UPI) has smashed records with 20 billion transactions in a single month—a 34% jump from last year. But UPI’s story doesn’t stop at home. From the Eiffel Tower in Paris to the streets of Singapore, UPI is now accepted in multiple countries including France, UAE, Singapore, Bhutan, Sri Lanka, and Mauritius. Prime Minister Narendra Modi calls it a symbol of India’s digital leadership, while global experts see it as a model reshaping financial infrastructure. With

UPI or the Unified Payments Interface is a story of the digital payments revolution in India. From 2016 to 2023, UPI is a success story that is being acknowledged and adopted globally. In this week’s episode of TOI Business Bytes, Praveena Rai the Chief Operating Officer of NPCI tells us about the transaction volume and value of UPI, its growing popularity in the country, the road ahead for a “less-cash” economy and the RuPay credit and debit cards. UPI, RuPay and the BHIM app all come under the