UPI can grow 10 times from current base, says NPCI chief Dilip Asbe

India’s real-time payments system, Unified Payments Interface (UPI), can grow ten times from its current levels, said Dilip Asbe, managing director and chief executive officer (CEO) of the National Payments Corporation of India (NPCI).

The apex payments body recorded 16.73 billion transactions in December 2024. UPI registered over 172 billion transactions in 2024 alone.