The Unified Payments Interface (UPI), launched in 2016 by the National Payments Corporation of India (NPCI), completed 10 years on 25 August 2026. Annual transactions grew from 1.78 crore in FY 2016-17 to more than 24,162 crore in FY 2025-26, about a 13,000-fold jump, while transaction value rose from ₹0.07 lakh crore to roughly ₹314 lakh crore, over 4,000 times. UPI now works in 11 countries: UAE, France, Bhutan, Sri Lanka, Nepal, Singapore, Mauritius, Qatar, Cambodia, Greece and the Maldives. The IMF recognises it as the world's largest real-time payment system by volume.