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πŸ“° News ⏱ 2 min
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Key Points

5 points
1

Launched in 2016 with 21 member banks.

2

Now over 700 banks are connected to the system.

3

Processes around 2,300 million payments each month.

4

Accounts for roughly 84% of India's digital payment activity.

5

Available in 11 countries beyond India.

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Summary

The system began in 2016 with 21 banks and now includes more than 700 banks.

It processes billions of transactions every month, about 84% of all digital payments in India.

People can pay shops, friends, taxes, and even buy shares using their phones.

The service is also used in several other countries.

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New Words to Learn

7 words
interoperable
able to work together with many banks
infrastructure
the basic system that lets things work
financial inclusion
making money services available to more people
merchant
a person or business that sells things
innovation
new ideas that improve something
cross‑border
between different countries
real‑time
happening instantly
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