Authors: Mitali Vashishtha
Abstract: This paper explores Unified Payments Interface (UPI), a digital payment system developed in India. It examines how it connects with banks, reduces environmental impact through digital transactions, and promotes financial inclusion. The paper examines the role of the Unified Payments Interface (UPI) in promoting sustainability in finance. It highlights how UPI has transformed digital payments by integrating seamlessly with banks, fostering financial inclusion, and reducing reliance on physical infrastructure. The research explores its contributions to economic sustainability, by lowering transaction costs and enabling cashless ecosystems, and environmental sustainability , through paperless transactions and reduced carbon footprints. Additionally, the paper discusses UPI’s integration with the banking ecosystem, its challenges, and its potential as a model for sustainable digital finance.
