UPI@10: How platform changed the way we pay

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MUMBAI: Nearly one in two real-time payments in the world happen on the UPI platform. From 1.8 crore transactions in FY17, the year it was launched, to 24,162 crore transactions in FY26, UPI transactions have grown 13,000 times.

Today, the payment platform completes 10 years since it went live for general public use after its initial launch by then RBI governor Raghuram Rajan through a pilot test in April 2016. How did the most successful innovation under NDA govt come about?
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