UPI Rule Changes From August 1 — Here’s What to Know
India has rapidly emerged as a global leader in digital payments, with the Unified Payments Interface (UPI) at the forefront of this transformation. Introduced in 2016 by the National Payments Corporation of India (NPCI), UPI allows users to link multiple bank accounts to a single mobile application. With just a few taps, individuals can transfer funds, pay merchants, or manage shared expenses in real time.
Today, UPI processes over 18 billion transactions every month, establishing itself as the fastest-growing retail payment system globally, according to the International Monetary Fund (IMF). Its user-friendly design and instant processing have made digital payments more accessible—even for those new to the ecosystem.
Whether settling bills or making everyday purchases, millions of Indians now rely on UPI for quick, secure, and cost-effective transactions. If you haven’t yet explored the convenience of UPI, this could be the perfect time to experience India’s digital payments revolution.
In June 2025 alone, UPI clocked an impressive ₹24.03 lakh crore in payments across 18.39 billion transactions—a sharp 32% jump from the 13.88 billion transactions last year. With 491 million users and 65 million merchants already on board, and 675 banks plugged into the system, UPI has quietly woven itself into the daily lives of Indians. Whether it’s buying groceries, paying rent, or sending money home, UPI now handles about 85% of all digital payments in the country. Globally too, it’s making waves—powering nearly half of the world’s real-time digital transactions.
UPI has expanded to seven countries—including the UAE, Singapore, France, and Mauritius—allowing seamless payments for Indians abroad. India plans to roll out UPI across the BRICS group, boosting remittances and global reach. Built on strong foundations like the BHIM app and Jan Dhan initiative, which opened 558 million bank accounts by July 2025, UPI uses IMPS infrastructure and interoperability to provide easy, inclusive digital payments worldwide.
(With Inputs From ANI…)
Also Read: NRIs Can Now Access UPI in India Using Their Foreign Mobile Numbers: No Indian SIM Required
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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