Professor Carlos Montes of Cambridge Business School, who is on a visit to India to participate in the NXT event in New Delhi has said that Unified Payments Interface (UPI) provides an opportunity to other countries to learn from the Indian experience. A presentation on UPI was given by the Department of Financial Services and NPCI to Prof Montes about the functioning, success and trends of UPI in India. After the demonstration, Prof. Montes said, the growth of UPI shows that the government is making sure that the technology that they develop is user-friendly for citizens, and that there is regular and constant innovation in the same.

In the meeting, Economic Adviser at the Department of Financial Services Sudhir Shyam said that India’s digital payments revolution is extending beyond its borders. He added that UPI is rapidly expanding globally, enabling seamless cross-border transactions for Indians travelling abroad.

UPI transactions in January 2025 recorded the highest number in any month. It surpassed 16.99 billion transactions and the value exceeded 23.48 lakh crore rupees.