Payments are being made in seconds by linking multiple bank accounts with a single mobile application through UPI. Today, more than 18 billion financial transactions are being made in India every month. In June 2025, UPI has made payments worth Rs.24.03 lakh crore through 18.39 billion transactions. This figure was 13.88 billion transactions in June last year. Which shows an increase of about 32% in the last one year.

India has now become a world leader in terms of fast digital payments. According to the International Monetary Fund’s new report ‘Retail Digital Payments Growing Trend: Importance of Interoperability’, India’s Unified Payments Interface (UPI) is the mainstay of this revolution. Launched by the National Payments Corporation of India (NPCI) in 2016, UPI has become the fastest, easiest and most trusted way to make financial transactions in India.

Today, 491 million people and 65 lakh merchants across the country are connected to UPI. 675 banks provide UPI service. So that anyone can make online payments quickly from any bank to any account. In which there is no need to check the bank account. 85% of all digital transactions in India are being done through UPI. 50% of real-time digital payments in the world are done only through India’s UPI.

UPI is no longer limited to India. This service has been launched in seven countries. Including UPI, Singapore, Bhutan, Nepal, Sri Lanka, France and Mauritius. Starting UPI service in France is also a big step for India, as it is UPI’s first entry into Europe. Now Indians living there can easily make payments without having to go through the hassle of any foreign transaction. According to PIB, India wants UPI to be made a common digital payment system for BRICS countries. If this happens, it will make it easier to send money from abroad, promote financial inclusion and further strengthen India’s digital leadership.