Published on Oct 7, 2025
Current Affairs
India’s Unified Payments Interface
India’s Unified Payments Interface

♦ Union Minister of Commerce and Industry Piyush Goyal launched India’s Unified Payments Interface (UPI) at the Lulu Mall in Doha on 6 October 2025.

♦ This marking a new milestone in digital and financial cooperation between India and Qatar.

♦ The launch symbolises growing trust across borders and aims to enhance ease of transactions for citizens and businesses in both nations.

♦ Launched nine years ago, UPI has become one of India’s biggest digital success stories, accounting for 85 percent of the country’s digital payments and nearly half of global digital transactions.

♦ With over 640 billion transactions processed annually, UPI continues to demonstrate India’s leadership in fintech innovation.