
| # | UPI Implementation Milestones | Date(s) |
| 1 | 1st UPI Fee Model Consultation period | 11th Jan – 5th Mar 2021 |
| 2 | List of Product Templates published for user information | 30th Apr 2021 |
| 3 | Draft API and Connectivity Specifications (rules of engagement) published | 30th Apr 2021 |
| 4 | 2nd UPI Fee Model Consultation paper published | 10th May – 9th Jul 2021 |
| 5 | Industry Feedback window closes for 2nd UPI Fee Model Consultation | 9th Jul 2021 |
| 6 | Responses to the 2nd UPI Fee Model Consultation published | 30th July 2021 |
| 7 | Draft UPI Product Template documentation published | 1 Aug 2021 |
| 8 | UPI Fee Model Consultation Final Report published | 27th Sep 2021 |
| 9 | Publication of DSB UPI Legal Terms and Conditions Consultation Paper | 2nd Nov 2021 |
| 10 | UPI Legal Consultation – Explanatory Webinar 1 | 9th Nov 2021 |
| 11 | UPI Legal Consultation – Explanatory Webinar 2 | 10th Nov 2021 |
| 12 | UPI Legal Consultation – Industry feedback deadline | 19th Jan 2022 |
| 13 | Publication of DSB UPI Legal Terms and Conditions Consultation Final Report + UPI Access and Usage Agreement | 12th Apr 2022 |
| 14 | UPI Product Templates finalized and published | 7th September 2022 |
| 15 | UPI Technical Specifications for API connectivity finalized and published | 7th September 2022 |
| 16 | Finalisation of the final User Agreement and related policies | 28th September 2022 |
| 17 | Internal DSB Quality Assurance Testing of UPI Platform | Completed |
| 18 | UPI User Acceptance and Integration Testing Commences + User on-boarding commences | Available since 17 April 2023 |
| 19 | UPI Production system available – live UPIs can be created, searched and reported | 16 October 2023 |
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