India, Jan. 14 -- Reserve Bank of India (RBI) deputy governor T Rabi Sankar yesterday reportedly said that unified payments interface's (UPI) user base could potentially cross 100 Cr in the coming years.

As per news agency PTI, Sankar said that the payments rails has the potential to expand to nearly 100 Cr customers, up from around 40 Cr active users today.

"The active users of UPI are about 400 Mn. We are targeting 1 Bn users. So.there is a lot of scope, there is a lot of distance that we need to travel," Sankar reportedly said at the Global Inclusive Finance India Summit in New Delhi.

However, Sankar noted that per capita digital payment usage in India remains lower than advanced economies, indicating significant headroom for deeper...