From its launch in 2016 to becoming one of the world's largest real-time payment systems, UPI has transformed everyday transactions and expanded India's digital financial footprint globally.
India and the Maldives have launched the Favara-UPI payment corridor, enabling instant cross-border digital transfers and strengthening financial connectivity.
Rajnath Singh said India’s BRICS chairship focused on consensus, Global South representation and cooperation as members adopted the New Delhi Declaration.