During his visit to Cyprus, Prime Minister Narendra Modi emphasized the global dominance of India’s Unified Payments Interface (UPI), stating it now accounts for approximately 50% of the world’s digital transactions. He highlighted how UPI has revolutionized India’s payment ecosystem—processing billions of daily transactions, outperforming major platforms such as Alipay and PIX, and reaching over 60% of all digital payments in India in FY24 Modi also showcased how UPI is expanding globally—partnering with countries including Singapore, France, UAE, Sri Lanka, and Mauritius—solidifying India’s leadership in digital public infrastructure
