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UPI Turns 10: How India's Digital Payments Giant Went From 21 Banks to ...
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Fusion42 · 25 August 2026 · Fusion42 review
UPI has transformed into India's core digital payments platform over its 10-year span, expanding from 21 to 703 banks and processing over 24,000 crore transactions worth ₹314 lakh crore in FY 2025–26, with a strong focus on everyday low-value payments. The platform also accounts for nearly half of global real-time payment volume and has expanded its reach internationally in key countries.
This Wire brief sits within Fusion42's coverage of Fintech, and 5 sources have reported it between 24 Aug 2026 and 26 Aug 2026.
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India’s digital payments market just opened wider with UPI’s huge network of 703 banks and strong international expansion. You can tap new customers from everyday merchants to cross-border users by integrating with or building on this dominant payment layer.
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5 sources · first reported 24 Aug 2026 · latest 26 Aug 2026
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