UPI turns 10: Transactions jump nearly 13,000-fold, value surges over 4,000-fold since FY17

UPI has grown nearly 13,600-fold in transaction volume and over 4,000-fold in value since FY17, becoming the backbone of India's digital payments and expanding internationally. The platform remains largely free for users, but sustainability challenges are rising as stakeholders seek a viable economic model beyond government incentives.

This Wire brief sits within Fusion42's coverage of Fintech.