Direct Answer
The Unified Payments Interface (UPI) is an interoperable, real-time payments platform developed by the National Payments Corporation of India (NPCI) that enables instant peer-to-peer and peer-to-merchant transactions
UPI 10-Year Growth Trajectory:
| Transaction Volume | 1.78 Crore | 24,162 Crore |
| Transaction Value | Rs 7,000 Crore | ~Rs 314 Lakh Crore |
| Global Expansion | N/A (Domestic Only) | Operational in 11 Countries |