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.