UPI Completes 10 Years!

National Payments Corporation of India launched the Unified Payments Interface in 2016 and it has now successfully completed 10 years. Over this period, UPI has completely transformed the way people make digital payments in India. From small daily transactions to large payments, it has made money transfers fast, simple and secure for millions of users across the country.

According to recent data, UPI has recorded an impressive 21,898 crore transactions in the last decade. The total value of these transactions has crossed ₹285 lakh crore. Compared to 2017, the number of transactions has increased nearly 12,000 times, while the total value has grown around 4,000 times. This massive growth clearly shows how widely UPI has been accepted by people and businesses.

Today, UPI stands as a strong symbol of India’s digital progress. It has not only improved convenience but also boosted financial inclusion by bringing more people into the digital payment system. With its continued growth, UPI is expected to play an even bigger role in shaping the future of India’s economy.