India's Unified Payments Interface (UPI) has set a new record by processing nearly Rs 81 lakh crore in transactions from April to July 2023, marking a 37% year-over-year increase. With 117.6 billion transactions in 2023, UPI has outpaced global platforms like Alipay, PayPal, and Brazil's PIX. In July alone, UPI handled Rs 20.6 lakh crore, achieving its highest-ever monthly transaction value. According to Paysecure, UPI processed 3,729.1 transactions per second, a 58% rise from 2022. The National Payments Corporation of India (NPCI) anticipates UPI transactions could reach 100 billion annually within a decade.