Current Trends in Indian Economy Expansion Unified Payment Interface (UPI) ▪ Reserve Bank of India (RBI) in collaboration with NPCI International Payments Ltd. (NIPL) is planning to expand the United Payment Interface (UPI) to 20 countries by 2028-29 Countries that accept UPI ✓ Bhutan ✓ France (E-commerce) ✓ Mauritius ✓ Nepal ✓ Singapore ✓ Sri Lanka ✓ UAE About United Payment Interface (UPI) ▪ Launch - April 11, 2016 ▪ A system that powers multiple bank accounts into a single mobile application. ▪ Launched by – National Payments Corporation of with 21 member banks.
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