New Delhi, Oct. 30 -- Zerodha co-founder Nikhil Kamath has praised India's Unified Payments System (UPI), comparing it to oil, which has played a significant role in shaping geopolitics.

In a post on the social media platform X, Kamath wrote, "If oil has shaped geopolitics, can payments protocols do it too? An India-made standard other countries plug into is soft power by design. Should UPI be an export, not just a success?"

He further mentioned various factors, such as UPI's footprint, global reach, and several other factors, to highlight the growing significance of India's payments system.

Recently, UPI has overtaken Visa in terms of daily transaction volume with 65 crore transactions in a day. Notably, UPI accomplished this mileston...