UPI–UPU Integration project
♦ Union Minister for Communications and Development of North Eastern Region, Jyotiraditya M. Scindia, unveiled the UPI–UPU Integration project at the 28th Universal Postal Congress in Dubai. ♦ The initiative, developed jointly by the Department of Posts, NPCI International Payments Limited and the Universal Postal Union (UPU), integrates India’s Unified Payments Interface (UPI) with the UPU Interconnection Platform, combining the reach of the postal network with the speed and affordability of UPI. ♦ The UPI-UPU integration, represents a transformative shift. UPI, India’s real-time payment solution, processed over 185 billion transactions worth USD 2.83 trillion in 2024–25, accounting for nearly half of the world’s digital payments.