Categories: Business

From queues to QR codes: How UPI transformed India’s digital payments, now driving 49% of global real-time transactions

India’s financial landscape has been revolutionized by UPI, the nation’s digital payments centerpiece. Launched in 2016, it has become the world’s largest real-time payment system by volume, processing billions of transactions monthly. UPI has significantly expanded financial inclusion, bringing millions into the digital economy and setting a global benchmark for inclusive financial innovation.

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