New Delhi [India], Reserve Bank of India Governor Shaktikanta Das on Wednesday held a meeting with key stakeholders in the UPI ecosystem. Stakeholders included banks, National Payments Corporation of India (NPCI), third party application providers and technology service providers, the discussion focused on possible strategies to further expand the scope of UPI. Senior RBI officials along with RBI Deputy Governor T Rabi Shankar also attended the meeting. RBI said in a press release that wide-ranging discussions took place on various aspects to widen and deepen the adoption and use of UPI, with stakeholders sharing their valuable inputs and suggestions, including enhancing the UPI infrastructure and expanding the product portfolio. Strategies for. Ecosystems and innovative solutions to address this; And innovative ideas to integrate potential users into the digital payments ecosystem were also part of the discussion, "Various suggestions received will be examined and appropriate action will be initiated by the Reserve Bank," the Reserve Bank of India said via digital.The means is reaching new heights in India, as its citizens increasingly adopt emerging ways of transacting over the internet. The UPI payment system has become extremely popular for retail digital payments in India, and its acceptance is increasing rapidly. UPI is India's mobile. -based fast payment system, which facilitates customers to make instant payments round the clock using a Virtual Payment Address (VPA created by the customer). The UPI payment system has become extremely popular for retail digital payments in India, and its adoption is increasing.Growing at a rapid pace Among other things, the main emphasis of the Government of India has been to ensure that the benefits of UPI are not limited to India only; Other countries also benefit from this. So far, Sri Lanka, Mauritius, France, UAE and Singapore, among others, have partnered or intend to partner with India on emerging fintech payment solutions. UPI's share in digital payments in India is set to reach close to 80 percent in 2023. Today, about 46 percent of the world's digital transactions (as per 2022 data) are in India.