Suryaa National Desk: Surya National & Financial Bureau, New Delhi: India's indigenous digital payments platform Unified Payments Interface is the world's largest, fastest... Surya National & Financial Bureau, New Delhi: Union Finance Minister Nirmala Sitharaman has clarified that India's indigenous digital payments platform, Unified Payments Interface, has become the world's largest and fastest payment system. Referring to the achievements of the digital revolution in the country, she shared key details. She proudly announced that over Rs 24,000 crore worth of transactions are done through UPI every month in the country and India accounts for almost half of all real-time digital payments globally.
Revolutionary change in the lives of common people: The finance minister said that UPI has made banking and financial services, which were previously limited to a few, very easy and brought them to the doorstep of common people. From street vendors to corporate malls, everyone has hailed cashless transactions as a natural way of life. He said that UPI is a proof of Prime Minister Narendra Modi's ideas in making technology popular. Nirmala Sitharaman explained that India's digital power at the international level: UPI's journey is not only limited to the country's borders but also to countries like Singapore, UAE, France, Mauritius and Sri Lanka.
He reminded that many countries of the world are seeking India's technological partnership to make cross-border transactions cheap and instant. She expressed hope that UPI, which is creating new records in financial inclusion, will further strengthen the country's economy in the future.