UPI surpasses world’s leading digital payments platforms with this ‘record’
Unified Payments Interface (UPI) in India processed nearly Rs 81 lakh crore in transactions from April to July 2023, a 37% increase YoY. UPI has surpassed major global digital payment platforms. With 117.6 billion transactions in 2023, India leads in digital transactions. RBI is focused on expanding UPI and RuPay internationally for broader adoption.