π UPI hits 10 years, payment volume explodes
The Unified Payments Interface (UPI) has marked a decade of revolutionizing digital payments in India. Launched on August 25, 2016, the system has seen a nearly 13,000-fold rise in transaction volume. Annual transactions grew from 1.78 crore in 2016-17 to over 24,162 crore in 2025-26, with value reaching nearly 314 lakh crore. UPI is now a global platform operational in 11 countries, including the UAE and France. The IMF recognizes it as the world's largest real-time payment system as of 2025. π