World Economic Forum
June 26, 2025
The Unified Payments Interface (UPI) system is transforming digital payments in India. It allows for real-time, fee-free payments between banks. Since its creation in 2016, UPI has grown exponentially, hitting 8 billion transactions a month in December 2022. Now, India is sharing the Unified Payments Interface technology with other Commonwealth nations and connecting its own digital payment systems with countries like Singapore to lower the cost of cross-border payments. Today, this is the main way small businesses receive payments. The technology is open-source, so other countries could soon start using it. Watch the full video to learn more about India’s Unified Payment Interface.
World Economic Forum
June 26, 2025
Pooja Chhabria and Gayle Markovitz
June 25, 2025
Pooja Chhabria and Gayle Markovitz
June 24, 2025
Pooja Chhabria and Gayle Markovitz
June 23, 2025
Pooja Chhabria and Christina Schunck
June 10, 2025
World Economic Forum
May 16, 2025