1. Unified Payments Interface (UPI) became the core of India’s fast payment ecosystem, transforming person-to-person and merchant transactions since 2016 through instant transfers, interoperability, low cost access, and widespread usability.
2. In June 2025, UPI processed 18.39 billion transactions worth ₹24.03 lakh crore, showing massive scale and reflecting about 32 percent annual growth over June 2024 levels.
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