Others Can Learn From India’s UPI Experience

New Delhi: The Unified Payments Interface (UPI) provides an opportunity to other countries to learn from India’s experience and get ideas on how to adopt it in their own countries, said Professor Carlos Montes, Lead Innovation Hub, University of Cambridge Business School here.

Professor Montes, who is on a tour to India for attending and speaking at the NXT event in the national capital on Saturday, was briefed about the working and achievements of UPI system which recorded an all-time high of 16.99 billion transactions in January this year with the value exceeding Rs 23.48 lakh crore.

Montes was glad to see the success of the UPI payment system.

“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 a regular and constant innovation in the same which explains the high adoption rate of UPI in India,” the Cambridge Professor noted.