UPI: The Decade-Long Journey Behind India's Digital Payment Revolution
UPI: The Decade-Long Journey Behind India's Digital Payment Revolution Today, buying a cup of tea, paying an auto-rickshaw driver, splitting a restaurant bill, or purchasing groceries often begins with the same question: "UPI hai?" With billions of transactions every month, the Unified Payments Interface (UPI) has become one of India's greatest technological achievements and is now studied by countries around the world.[9] But whenever UPI is discussed, the conversation often becomes surprisingly simple. Some believe it was created overnight. Others credit a single government, a single institution, or a single individual. The reality is far more fascinating. UPI wasn't born in 2016. It was the result of nearly a decade of work, where different people and institutions solved different problems at different times. Some built the technology. Some built consumer trust. Some created the vision. Others helped millions of Indians adopt it. This is the story behind one o...