India, Jan. 31 -- Highlighting India's growing prominence in fintech and digital technology, President Droupadi Murmu has said that the country's UPI system is gaining global recognition.

"India is emerging as a key player in digital technology, with even developed nations taking note of the success of our UPI transaction system," she said.

The President also emphasized the role of Banking and Digi Payment Sakhis in driving this digital transformation.

This comes at a time when India has been making strides in digital payments and has extended its UPI technology to support neighboring nations, including the UAE, Malaysia and Maldives among others.

India's homegrown Unified Payments Interface (UPI) kept ruling the digital payments land...