Independence Day 2026: The road to UPI — India’s payments revolution was centuries in the making

Indias payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal banking, electronic transfers and the digital infrastructure behind UPI. Each technological leap solved the same fundamental challenge: enabling money to travel securely and efficiently without physically moving cash from one place to another.

Raccontata daeconomictimes.indiatimes.com