10 years of UPI

11 Apr 2026

Every time we’ve considered building a UPI app at Zerodha the conversation always ends at the same place: BHIM already exists.

We could never figure out what we could do differently. It’s kinda surprising that 10 years after UPI, the BHIM app has just 1% market share. I think it should be much higher. If you haven’t tried it, you should; it’s quite slick.

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