UPI@10: How platform changed the way we pay

UPI completes 10 years, growing from 1.8 crore transactions in FY17 to 24,162 crore in FY26MUMBAI: Nearly one in two real-time payments in the world happen on the UPI platform. From 1.8 crore transactions in FY17, the year it was launched, to 24,162 crore transactions in FY26, UPI transactions have grown 13,000 times.Today, the payment platform completes 10 years since it went live for general public use after its initial launch by then RBI governor Raghuram Rajan through a pilot test in April 2016. How did the most successful innovation under NDA govt come about?According to AP Hota, founding chief of National Payments Corporation of India, during whose term most of NPCI's products, including UPI, were launched, the idea originated from a dilemma over how to increase the use of IMPS (Imme