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IMDR’s Journal of Management Development & Research 2023-24

Conclusion:

The study’s goal was to comprehend UPI's effects, the challenges faced by UPI users, its role in Viksit Bharat
and its presence internationally, also understand what additional features should be integrated to improve the

UPI experience of the users. As per the study it has been observed that that people majorly face technical
glitches while using UPI & would prefer an offline version to make payments as well as another layer for data

security proving that there is Furter room for improvement in UPI.

UPI has attracted international attention making it a massive success contributing towards Indian economy

and eventually Viksit Bharat. It can be concluded that UPI is the USP of India in today’s time hence an

important contributor towards Viksit Bharat.

References:

 ETBFSI (2022) UPI making inroads globally, faces challenge from other payment systems
Retrived from https://bfsi.economictimes.indiatimes.com/news/financial-services/upi-making-

inroads-globally-faces-challenge-from-other-payment-systems/94844413

 News On AIR. (n.d.). India launches Unified Payments Interface (UPI) at Eiffel Tower in Paris, France.
https://newsonair.gov.in/News?title=India-launches-Unified-Payments-Interface-(UPI)-at-Eiffel-

Tower-in-Paris%2C-France&id=476471

 India Briefing. (n.d.). Global Acceptance of India Unified Payments Interface (UPI) Tracker. India
Briefing. https://www.india-briefing.com/news/global-acceptance-of-india-unified-payments-
interface-upi-tracker-26183.html/

 Press Information Bureau, Government of India. (n.d.). India offers Unified Payment Interface (UPI)

platform for international markets at Eiffel Tower, Paris. Press Information Bureau.
https://pib.gov.in/FeaturesDeatils.aspx?NoteId=151350&ModuleId%20=%202

 Press Information Bureau, Government of India. (n.d.). Simplified access to India’s Unified Payment

Interface (UPI) for International Travelers at Eiffel Tower, Paris. Press Information Bureau.
https://pib.gov.in/FeaturesDeatils.aspx?NoteId=151163&ModuleId%20=%202

 World Economic Forum. (2023, June). How India's Unified Payment Interface is transforming the
country's economy. World Economic Forum. https://www.weforum.org/agenda/2023/06/india-unified-

payment-interface-impact/
 Chakraborty, A. (n.d.). All roads lead to UPI. LinkedIn. https://www.linkedin.com/pulse/all-roads-

lead-upi-etbfsi?trk=public_post