New Delhi, July 22 -- Unified Payments Interface (UPI) has been the backbone of India's digital payment revolution for the past several years. What started as a convenient payment method within India has now transcended borders, with UPI adoption spreading to neighbouring countries as well.

As of the first quarter of FY 2025-26, nearly 675 banks are live on UPI, processing over 18 billion transactions per month, with a total transaction value exceeding Rs.24 lakh crore. In essence, UPI has transformed the way we make payments, turning digital transactions into an everyday habit for millions of Indians.

From buying a packet of milk to purchasing daily vegetables or even more significant discretionary items like clothing, electronics and ...