UPI completes 10 years of digital payments, sees 13,000-fold surge in transaction volume, 4,000-fold rise in value

The Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), has completed 10 years of operation, transforming India's digital payment landscape. Launched in 2016, UPI has seen phenomenal growth, with transaction volumes surging 13,000-fold and values increasing 4,000-fold over the decade. The system, recognized globally by the International Monetary Fund (IMF) as the world's largest real-time payment system by transaction volume, is now operational in 11 countries and is hailed as a critical driver of financial inclusion and a key pillar of India's Digital Public Infrastructure.