International Monetary Fund
IMF Recognizes India's UPI as World's Largest Real-Time Payment System with 49% Global Market Share
Dec 09, 2025 02:53 am CST
The International Monetary Fund has officially recognized India's Unified Payments Interface (UPI) as the world's largest retail fast-payment system by transaction volume. With a 49% global market share and 129.3 billion transactions, UPI significantly outperforms systems in Brazil, Thailand, and China, while government initiatives continue expanding digital payment infrastructure across India.
China Vows to 'Fight to the End' as US Imposes 100% Tariffs in Escalating Trade War
Oct 14, 2025 02:25 pm CST
China declares readiness to "fight to the end" in response to President Trump's announcement of 100% tariffs on Chinese goods following Beijing's rare earths export controls. Despite escalating tensions, Chinese exports show resilience with 8.3% year-on-year growth in September, including increased shipments to the US market.