Inc42 Shots | UPI Eyes Global Dominance After Hitting A Billion In October

#UPI #GooglePay #BHIM #PhonePe

The National Payments Corporation of India (NPCI) on Monday (October 28) claims that unified payments interface (UPI) transactions have crossed the 1 Bn mark, three years after the launch of the payments platform.

At the same time, UPI also claims to have crossed 100 Mn users overall, making it the fastest adoption payments systems in the world, according to Asbe. The NPCI now plans to take UPI global by expanding to Singapore and the UAE, Asbe added. He said that it is in the planning stage as it requires various permissions to take this forward. Optimistic about this, he expects that the success story and acceptance of UPI in India will drive the future of UPI across other geographies as well.

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