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World’s Largest Fast-Payment System - UPI
December 12 , 2025
15 hrs 0 min
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- India’s UPI is recognized by the International Monetary Fund (IMF) as the world’s largest retail fast-payment system by transaction volume.
- UPI accounts for 49% of global real-time payment transactions, according to ACI World wide’s 2024 report.
- Government, RBI, and National Payments Corporation of India (NPCI) promote digital payments through incentives for BHIM-UPI transactions and the Payments Infrastructure Development Fund (PIDF).
- As of October 31, 2025, about 5.45 crore digital touch points were deployed in tier-3 to 6 centres, and 56.86 crore QR codes reached 6.5 crore merchants.
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