Summary
It started on August 25, 2016 and now works in many countries 🌍
Every day, about 66 million payments are made using this system 📱
It helps lots of banks and shops let customers pay quickly 🏦
Key Points
4 points1
Started in 2016 and celebrated ten years in 2026
2
Processes around 66 million transactions each day
3
Used by over 700 banks across India
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Handles about half of the world’s real‑time payment volume
New Words to Learn
6 wordsUnified Payments Interface
A computer system that lets people move money instantly
real‑time
happening right away, without waiting
transactions
when money is moved from one place to another
financial inclusion
making sure everyone can use money services like banks
interoperable
different banks and apps can work together on the same system
International Monetary Fund
A group of many countries that looks at world money matters
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