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10 years. Billions of payments. One simple idea that changed how the world moves money. From a QR at the kirana store to payments in Paris, UPI has made instant, effortless payments part of everyday life. Here’s to a decade of digital payments—and the next billion possibilities. From India’s digital revolution to global dominance. #10YearsOfUPI #UPI #DigitalIndia #GlobalPayments

डिजिटल भारत के संकल्प से जन-जन तक सुविधा। प्रधानमंत्री श्री नरेन्द्र मोदी के डिजिटल भारत के विज़न ने UPI के माध्यम से देश में भुगतान को तेज़, सरल और सहज बनाया है। आज किसान से लेकर छोटे व्यापारी तक, UPI डिजिटल और आत्मनिर्भर भारत की नई पहचान बन चुका है। UPI के 10 वर्ष — डिजिटल सुविधा से सशक्त भारत। #10YearsOfUPI #UPI10Years #DigitalIndia #UPI #AatmanirbharBharat

Ten years ago on this date, August 25, 2016, UPI went live. And we need to thank Dr Manmohan Singh for his visionary work. This needs to be told because many people don’t know where and how this actually started. NPCI, the body that built UPI, was set up in December 2008 under Congress led UPA Government, under a payments law that same government had passed in 2007. The idea was to give every bank in the country one shared digital backbone so money could move as easily as a text message. Raghuram Rajan was RBI Governor when the UPI pilot launched in April 2016. He was appointed to that post by the Congress led UPA government in 2013. He was instrumental in getting the vision of Congress party rolled out flawlessly. The technical vision behind UPI, one identity, any bank, instant transfer, came out of that same institutional thinking. Look at where it has reached. Over 24,000 crore transactions last year, worth close to 314 lakh crore rupees. In 2024, UPI alone accounted for roughly half of all real time digital payments processed anywhere in the world. Ten years later, other countries study UPI as a model. And this is one more reason to remember the legacy of Dr Manmohan Singh and what he had built with his vision.