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News » Photos » photogallery » Rise of UPI: Launched in Sri Lanka, Mauritius; Here's a Look at UPI's Success Story

Rise of UPI: Launched in Sri Lanka, Mauritius; Here's a Look at UPI's Success Story

As UPI payment services are launched in Sri Lanka and Mauritius, here’s the UPI success story in numbers

01
Unified Payments Interface (UPI) is an application to facilitate instant inter-bank transactions. Developed by National Payments Corporation of India (NPCI), UPI is a real-time payment system that is regulated by the Reserve Bank of India.(Image: News18)

Unified Payments Interface (UPI) is an application to facilitate instant inter-bank transactions. Developed by National Payments Corporation of India (NPCI), UPI is a real-time payment system that is regulated by the Reserve Bank of India.(Image: News18)

02
UPI allows instant money transfer between two bank accounts from your mobile device. The money transfer through UPI works 24×7.(Image: News18)

UPI allows instant money transfer between two bank accounts from your mobile device. The money transfer through UPI works 24×7.(Image: News18)

03
India’s Unified Payment Interface (UPI) services will be launched in Sri Lanka and Mauritius at a virtual ceremony on Monday.(Image: News18)

India’s Unified Payment Interface (UPI) services will be launched in Sri Lanka and Mauritius at a virtual ceremony on Monday.(Image: News18)

04
In February 2022, UPI was also launched in Singapore, with Prime Minister Narendra Modi and his Singapore counterpart Lee Hsien Loong witnessing the launch of cross-border connectivity between UPI and PayNow via video conferencing.(Image: News18)

In February 2022, UPI was also launched in Singapore, with Prime Minister Narendra Modi and his Singapore counterpart Lee Hsien Loong witnessing the launch of cross-border connectivity between UPI and PayNow via video conferencing.(Image: News18)

05
PhonePe has also enabled payments abroad and has said all international merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR code are supported.(Image: News18)

PhonePe has also enabled payments abroad and has said all international merchant outlets in the UAE, Singapore, Mauritius, Nepal and Bhutan that have a local QR code are supported.(Image: News18)

06
Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.(Image: News18)

Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system to facilitate inter-bank transactions through mobile phones.(Image: News18)