tech π UPI hits 10 years, volume explodes by 13,000x
The Unified Payments Interface (UPI) celebrated its 10th anniversary, solidifying its role in India's digital payments. Launched on August 25, 2016, the system saw transaction volume jump nearly 13,000-fold from 1.78 crore to over 24,162 crore in 2025-26. During this period, transaction value increased over 4,000 times to roughly βΉ314 lakh crore. The platform expanded from 44 to 703 live banks and now operates in 11 countries. The government plans to support further innovation to drive the next phase of digital transformation. π