IIT Madras To Provide Technical Expertise To Boost Digital Money Transactions In India IIT Madras To Provide Technical Expertise To Boost Digital Money Transactions In India IIT Madras researchers have announced their collaboration with members of the Mobile Payment Forum of India (MPFI) to develop voice-based solutions, especially in multiple vernacular languages for digital money transactions in the country. Education | Edited by Aarzoo Snigdha | Updated: May 10, 2021 2:20 pm IST RELATED NEWS New Delhi: The Indian Institute of Technology (IIT) Madras researchers have announced their collaboration with members of the Mobile Payment Forum of India (MPFI) to develop voice-based solutions, especially in multiple vernacular languages for digital money transactions in the country. At present, as per the Government of India’s statistics, there are more than 100 million active UPI users every month in India. MPFI aims at bringing 500 million active users onto the UPI payment platforms by 2025.