UPI added another billion to reach 11 billion transactions: Basics Explained

The Reserve Bank in its monthly bulletin said  The Unified Payments Interface (UPI) added another billion to reach 11 billion transactions in a short span of two months.


India’s public digital infrastructure mobilized technology at the grass-roots, tapping into the country’s huge domestic potential; it significantly improved financial inclusion, access to public documents and services, tax compliance, retail payments and the management of government subsidies


it consists of three different layers—unique identity (Aadhaar), complimentary payments systems (Unified Payments Interface, Aadhaar Payments Bridge, Aadhaar Enabled Payment Service), and data exchange (DigiLocker and Account Aggregator).

            Together they enable online, paperless, cashless, and privacy-respecting digital access to a variety of public and private services. foster innovation and competition; expand markets; close gaps in financial inclusion; boost government revenue collection; and improve public expenditure efficiency. has also supported formalization of the economy.

The four big successes of India’s public digital infrastructure have been Unified Payments Interface (UPI), Bharat QR, Bharat Bill Pay System (BBPS) and the RuPay card — which work with all or parts of the digital network’s threefold components of banking, secure identity and mobility. programme aims towards easy governance, effective governance, good governance and mobile governance.

Aadhaar, helped facilitate the transfer of social safety net payments directly from the government treasury’s accounts to beneficiaries’ bank accounts, helping to reduce leakages, curb corruption and providing a tool to effectively reach households to increase coverage

Unified Payments Interface (UPI)

Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.

Jan Dhan initiative, a financial inclusion program for India’s huge number of unbanked households. The digital network is now the lynchpin for most of India’s social security and cash transfer programs —

Launched in 2012, RuPay cards India is working with other countries to ensure RuPay cards are integrated with local payment systems.

RBI, in August,  has this unveiled a plan for “conversational” payments, allowing UPI users to make verbal transfer instructions on their phones which will be processed using AI-based speech recognition. Users will also be able to make transactions without the internet by using “near field communication” technology, which is based on a system that uses a connection between two close-by phones.


 The e-Kranti Framework

e-Kranti, framework addresses the electronic delivery of services, is an integral part of the Digital India programme with the vision of “Transforming e-Governance for Transforming Governance”; To ensure a Government wide transformation by delivering all Government services electronically to the citizens through integrated and interoperable systems via multiple modes while ensuring efficiency, transparency and reliability of such services at affordable costs.”

The BharatNet Project was started to provide discrimination-free internet access in villages, using an optical fibre network, to enable access to e-governance, e-health care, e-commerce and e-education.

Corruption in procurement has also been eliminated by launching the Government e-Marketplace platform (GeM) in 2016.

Bhashini serves as India’s artificial intelligence-driven language translation platform. Its primary objective is to facilitate easy access to the internet and digital services in Indian languages, including voice-based access, and to support the creation of content in Indian languages.

                                       Though India’s Digital Governance model is a success story still issues like Comprehensive data protection legislation is still missing in India. A robust data protection framework is essential to protect citizens’ privacy, prevent companies and governments from indiscriminately collecting data, and holding companies and governments accountable for data breaches to incentivize appropriate data handling and adequate investments in cybersecurity.  Digital literacy remains low in India, and represents a barrier to engaging with DPI-based solutions.


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