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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.
◆ ◆ The Wire takeaway
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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1 source · 24 Aug 2026
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