Summary
Every year, more and more people use it – millions of payments! 🎉
It works in many towns and even in other countries. 🌍
Key Points
5 points1
Started in 2016 with only a few banks.
2
By 2026, over 24,000 crore payments were made each year.
3
More than 700 banks now join the system.
4
People can use it on simple phones, not just smartphones.
5
It is also used in 11 other countries.
New Words to Learn
4 wordsUnified Payments Interface
A big computer system that lets anyone pay using a phone.
crore
Ten million; a way to count very large numbers.
transaction
When money moves from one person to another.
bank
A place that keeps money safe and helps move it around.
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