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πŸ“° News ⏱ 2 min
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Key Points

5 points
1

Started in August 2016 with twenty‑one banks.

2

Grew to over two thousand three hundred million payments each month by 2026.

3

Works on smartphones, simple feature phones, and even voice calls.

4

Used in more than ten other countries.

5

Helps people send money quickly and safely.

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Summary

It lets people send money to friends, shop owners, and even other countries.

Every day, billions of tiny payments are made, like a huge game of passing notes. 🎮

Even people who only have simple phones can use it.

Now many countries around the world are trying it too. 🌍

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New Words to Learn

6 words
interoperable
able to work together with many different banks
transactions
money exchanges or payments
remittances
money sent to family or friends far away
ecosystem
all the parts that work together, like banks and apps
infrastructure
the basic systems that let things happen, like the payment network
authentication
checking that it is really you before using the app
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