UPI, USSD to be revamped; UPI transactions double to 70k, NPCI wants faster growth The Centre plans to breathe new life into two key initiatives that can help further its aim of transforming India into a digital economy . The United Payment Interface (UPI) and Unstructured Supplementary Service Data (USSD) will soon be launched in new avatars that will make it easier for consumers to transact digitally either with or without an Internet connection. In a week's time, a new strippeddown, easier-to-use application for UPI will be launched, that among other things will feature a single app that users can downlo ad to transact across multiple banks. Also being launched is an upgraded, feature-rich version of USSD platform, which enables banking through feature phones. Since the demonetisation drive announced on November 8, the number of daily transactions on the UPI platform has “doubled to 70,000 with 4.2 million registered users“, according to AP Hota, MD of NPCI which hosts t