6 days ago
Naidu Hails UPI’s Transformative Impact on India’s Payments
UPI is a system that lets people make digital payments quickly.
It was launched in India on August 25, 2016.
Andhra Pradesh Chief Minister N Chandrababu Naidu said it changed how people pay every day.
He said street vendors, entrepreneurs, small businesses and students benefit from its convenience.
Prime Minister Narendra Modi also praised UPI on its 10th anniversary.
He said its large reach is something Indians can be proud of.
The value of UPI transactions grew greatly over the past decade.
Naidu said UPI shows the world India’s ability to develop useful technology.
Andhra Pradesh Chief Minister N Chandrababu Naidu said UPI transformed everyday payments in the state and across India.
Naidu congratulated Indians on UPI’s 10th anniversary and called it a landmark showcase of India’s technological prowess.
He said UPI made transactions simpler for street vendors, women entrepreneurs, small businesses and students.
Prime Minister Narendra Modi described UPI’s decade-long reach and scale as a source of pride for Indians.
UPI transaction value rose from Rs 0.07 lakh crore in FY17 to around Rs 314 lakh crore in FY26.
- Who
- Andhra Pradesh Chief Minister N Chandrababu Naidu and Prime Minister Narendra Modi.
- What
- They praised UPI’s role in transforming India’s digital payments.
- Where
- Andhra Pradesh and across India.
- When
- The remarks were made around UPI’s 10th anniversary; UPI launched on August 25, 2016.
- Why
- They said UPI made everyday transactions simpler and more convenient and demonstrated India’s technological capabilities.
Key facts
- System
- Unified Payments Interface (UPI)
- Launch date
- August 25, 2016
- Anniversary
- 10th anniversary
- FY17 transaction value
- Rs 0.07 lakh crore
- FY26 transaction value
- Around Rs 314 lakh crore
- Reported growth
- More than 4,000-fold over the decade
Quotes
N Chandrababu Naidu
Chief Minister of Andhra Pradesh
“Absolutely right, PM Modi. Speaking from my own experience, UPI has completely transformed how Andhra Pradesh and India deal with money every single day.”
theprint.in
“The sheer scale and reach of UPI are something every Indian must be proud of”
theprint.in
Sources
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