About 85% of India’s digital payments are processed through the Unified Payments Interface (UPI), underscoring the country’s leadership in building inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank of India (RBI) Governor Sanjay Malhotra said.

Key Highlights

• About 85% of India’s digital payments flow through UPI, with ~20 billion monthly transactions.
• UPI drives financial inclusion by enabling micro-enterprises and small merchants to accept digital payments.

Speaking at a “High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms” organised by the RBI alongside the World Bank and IMF meetings in Washington, DC, Malhotra highlighted India’s success in developing foundational platforms such as Aadhaar and UPI, which have revolutionised real-time payments and digital identity systems.

He noted that UPI now accounts for over 20 billion transactions monthly, valued at more than USD 280 billion, enabling seamless real-time transfers across banks. The platform has also boosted financial inclusion, allowing small vendors and micro-enterprises to accept payments digitally and access affordable credit.

Malhotra stressed that India’s DPPs are built as public goods — open, interoperable, and without a profit motive — enabling both public and private entities to innovate in sectors such as credit, health, and agriculture.

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He also mentioned that India’s Modular Open-Source Identity Platform (MOSIP) is being adopted by 27 countries, helping them develop secure digital identity systems for efficient public service delivery.

Reaffirming India’s commitment to global cooperation, Sanjay Malhotra said, “In the true spirit of Vasudhaiva Kutumbakam — the world is one family — India stands ready to share its digital public infrastructure expertise to support inclusive digital growth worldwide.”