India Aims to Double UPI Users and Expand Digital Payments Internationally

India's Unified Payments Interface (UPI) currently has about 400 million active users, with the Reserve Bank of India targeting growth to 1 billion users, reflecting significant potential for digital payment expansion. India accounts for nearly half of global real-time digital transactions, driven largely by UPI's adoption. The government is focusing on expanding UPI internationally, especially in East Asia, with acceptance in eight countries. Efforts also include enhancing cybersecurity and integrating UPI technology with banks like Canara Bank to improve service delivery and financial inclusion.