How UPI is making India’s digital economy boom
summary
UPI is a fast, API-driven payments rail built by NPCI that handles about 2.7 billion transactions a month, connects 170+ banks and ~50 apps, and doubles volume year‑on‑year while merchant transactions rise to roughly 45% of volume. It uses a four-party model to separate bank accounts from consumer apps, settles instantly, adds features like UPI Autopay for recurring mandates, supports micro‑payments under 100 INR, and offers an API accelerator sandbox for developer onboarding and certification.
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chapters (10)
- 0:00Introduction
- 2:30What is Apidays
- 5:50Digital Banking
- 7:25India Tech Stack
- 9:08FourParty Model
- 12:20Power of UPI
- 15:30UPI stats
- 19:30UPI share of users
- 20:30NPCI International
- 21:35Questions
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