Prime Minister Narendra Modi on Friday stated India’s Unified Funds Interface (UPI) now accounts for 50 per cent of all real-time transactions globally. Talking from the Pink Fort on the 79th Independence Day, he stated, “Our UPI platform appears like a marvel to the world immediately… we’ve the aptitude (to develop into self-reliant).” Launched in 2016, UPI has grown quickly in each transaction quantity and worth. In FY25, it recorded 18,587 crore transactions value ₹261 lakh crore. In July 2025 alone, it processed 1,947 crore transactions. UPI is at the moment operational in seven nations — the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius. Its entry into France marks its first presence in Europe, enabling Indians there to make funds with out the same old challenges of international transactions.
UPI is operated by the Nationwide Funds Company of India (NPCI), an initiative of the Reserve Financial institution of India and the Indian Banks’ Affiliation, which manages retail funds and settlement methods within the nation.
In his deal with, Modi additionally spoke concerning the PM Mudra Yojana, saying crores of individuals have benefited by beginning small companies. “Via their small enterprises, they’ve been capable of create jobs,” he stated. The scheme provides collateral-free loans of as much as ₹20 lakh by way of Member Lending Establishments to micro and small enterprise items throughout manufacturing, buying and selling, providers, and allied agricultural actions.