Summary
It lets people send money to friends or shops instantly.
Now many banks and people across India use it.
It even works in some other countries.
Key Points
4 points1
Started with 21 banks, now over 700 banks are connected.
2
Handles billions of payments each month.
3
About 84% of digital money moves through it.
4
Helps many people use money safely.
New Words to Learn
7 wordsinteroperable
works with many banks together
digital payments
paying with a phone instead of cash
merchant
a shop or store
financial inclusion
helping more people use money services
innovation
new ideas or improvements
cross‑border
between different countries
real‑time
happening right away
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