Summary
Launched in 2016 by the National Payments Corporation of India, it began with 21 member banks and now connects over 740 banks.
The system handles billions of transactions each month, accounting for roughly 84% of digital payments in India and about half of global real‑time payment volume.
It supports everyday purchases, person‑to‑person transfers, tax payments, stock market applications, and cross‑border remittances in eleven countries.
Future plans aim to bring more users and merchants onto the platform and continue innovating with new features.