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Unified Payments Interface (UPI)

India recently marked the 10th anniversary of the Unified Payments Interface (UPI), celebrating its transformation from a nascent digital payment system in 2016 to a global benchmark in digital financial infrastructure by 2026. Over the years, UPI has fundamentally reshaped India’s economy by turning it from a cash-dependent system of queues into a QR-code-driven digital ecosystem. In January 2026, India’s digital payment ecosystem reached a historic milestone by recording 21.

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