Zerodha co-founder Nikhil Kamath has called for India's UPI to be treated not just as a domestic success but as an exportable force of soft power—drawing a bold parallel between global oil politics and the future of digital payments.

“If oil shaped geopolitics, can payments protocols do it too?” Kamath asked on LinkedIn. “An India-made standard other countries plug into is soft power by design. Should UPI be an export, not just a success?” Advertisement

Unified Payments Interface (UPI) has already rewritten the digital payment playbook. In just nine years, it has become the world’s largest real-time payment system, overtaking Visa and Mastercard in daily volumes. UPI processes 650 million transactions a day, more than Visa’s 640 million and Mastercard’s 450 million.

UPI now accounts fo

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