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The Unified Payments Interface, launched by the National Payments Corporation of India on 25 August 2016, completed 10 years this week. The Union Finance Ministry said UPI's annual transaction volume rose from 1.78 crore in 2016 to 17 to more than 24,162 crore in 2025 to 26, a nearly 13,000 fold increase, while transaction value rose from about 0.07 lakh crore rupees to approximately 314 lakh crore rupees over the same period, a more than 4,000 fold rise. UPI is now operational in 11 countries, and the International Monetary Fund has recognised it as the world's largest real time payment system by transaction volume.