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Blog / 28 Oct 2019

(Video) Rajya Sabha TV (RSTV) In Depth: United Payments Interface (UPI) Going Global

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(Video) Rajya Sabha TV (RSTV) In Depth: United Payments Interface (UPI) Going Global

Topic: United Payments Interface (UPI) Going Global

Topic Description:

The NDA Government's efforts to promote a cashless economy received a major boost last week when media reports stated that the United Payments Interface transactions crossed one billion in October.

It was another milestone for digital payments in India three years after the technology-backed payments solution was launched The latest achievement comes in the wake of another milestone being reached by the UPI when it notched up a figure of 100 million users. It made the UPI app the fastest adopted among all payment systems anywhere in the world.

After these twin feats in domestic market, the UPI is now all set for a global roll-out.

The National Payments Corporation of India that set up the UPI is presently working to enable its use in Singapore and the United Arab Emirates (UAE).

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Courtesy: RSTV