India is working to expand the global footprint of its homegrown digital payment system, Unified Payments Interface (UPI), to more countries, with a special focus on East Asia, Financial Services Secretary M Nagaraju said on Tuesday. ADVERTISEMENTSpeaking at the Global Inclusive Finance India Summit here, Nagaraju said UPI has played a significant role in driving digital payments across the country. The Department of Financial Services (DFS) secretary said India now accounts for about 50 per cent of digital transactions globally, largely due to the widespread adoption of UPI. He added that UPI transactions crossed more than 21 billion in December 2025. The Unified Payments Interface is operated by the National Payments Corporation of India (NPCI), which facilitates real-time payments between individuals and merchants.

Source: The Telegraph January 13, 2026 12:15 UTC