UPI (Unified Payment Interface) platform has been used especially in India since 2016. This paper is aimed at exploring how UPI is useful for every participant and how it is impacting on financial inclusion and globally economic development of India. This examining study is an attempt to present the present status of UPI in India and the extent of UPI services offered by banks and participants. In addition, it seeks to examine the factors affecting the extent of UPI services. The purpose of the study is to help fill significant gaps in knowledge about the UPI landscape in India. Moreover, this paper contributes to the scope and usability of UPI in a developing country, i.e. India. In addition to that, it is found that post covid-19 there is significantly increase in acceptance of UPI which in turn is significantly causing economic development. The main implication of the study is that UPI is helping people in more than one way. It is not only supporting the financial inclusion of nation but also contributing to cross border economic relation in geopolitical level.