India discussing Unified Payments Interface expansion: RBI

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India discussing Unified Payments Interface expansion: RBI - CoinGeek

Quick Summary:

Introduced in 2016, UPI has emerged as the most preferred method of retail payments in India, with a 79.6% share in total volumes of retail payments made in 2023-24, according to RBI.

The post India discussing Unified Payments Interface expansion: RBI appeared first on CoinGeek.

The Reserve Bank of India (RBI) is looking to expand India’s flagship Unified Payments Interface (UPI) to more countries to make real-time inter-bank transactions using mobile phones available across the globe.