digital payments
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.
RBI Announces Integration of UPI with European TIPS for Cross-Border Payments
Nov 22, 2025 02:58 am CST
The Reserve Bank of India has announced the interlinking of India's Unified Payments Interface (UPI) with the European TARGET Instant Payment Settlement system, enabling seamless cross-border remittances between India and the Euro Area. This initiative aligns with the G20 Roadmap for enhancing international payment systems, making them more affordable and accessible.
Digital Fraud Incidents Rising Since July: RBI Deputy Governor Highlights Banking Sector Challenges
Nov 07, 2025 10:11 pm CST
RBI Deputy Governor T Rabi Sankar reports an uptick in digital fraud incidents since July after a period of decline, urging banks to modernize core infrastructure to compete with fintechs. The report details shifting fraud patterns, banking vulnerabilities, and the potential impact of digital currencies on traditional banking models.
UPI Transactions Soar to Record Rs 27.28 Lakh Crore in October: India's Digital Payment Revolution
Nov 03, 2025 07:25 pm CST
October 2023 witnessed a landmark achievement in India's digital economy as UPI transactions reached an unprecedented Rs 27.28 lakh crore in value and 20.7 billion in volume, driven by festive spending. This represents a 16% year-on-year growth and cements UPI's position as India's dominant payment system, now accounting for 85% of all digital transactions and expanding internationally across seven countries.
India's Digital Payment Revolution: UPI Dominates with 85% Share as Digital Transactions Reach 99.8% of Total Volume
Oct 23, 2025 10:05 pm CST
According to the RBI's June 2025 Payment System Report, digital payments now account for 99.8% of transaction volume and 97.7% of value in India's payment ecosystem. UPI leads with 85% of transaction volume, while RTGS dominates value at 69%. This digital transformation shows remarkable growth from 2019-2025, with UPI transactions increasing from 1,079 crore to over 17,221 crore annually, demonstrating India's rapid shift toward a cashless economy.
India's Digital Success: UPI and Aadhaar Models Adopted by Dozens of Countries Worldwide, Says Minister Vaishnaw
Oct 21, 2025 04:56 pm CST
Union IT Minister Ashwini Vaishnaw reveals at NDTV World Summit that India's open-source digital infrastructure systems, including UPI and Aadhaar, have been adopted by numerous countries globally, highlighting India's contribution to worldwide technological advancement while maintaining principles of sovereignty and privacy protection.
Mastercard President Predicts End of Physical Cards: The Digital Payment Revolution
Oct 19, 2025 12:28 am CST
Gautam Aggarwal, Mastercard's South Asia President, reveals at NDTV World Summit 2025 that plastic payment cards will likely disappear as payments become entirely digital. He discusses the shift toward biometric authentication replacing OTPs and highlights India's world-leading digital payment ecosystem while emphasizing its untapped potential.
IMF Chief Praises India's Bold Economic Reforms as Key Global Growth Engine Amid International Challenges
Oct 14, 2025 02:43 pm CST
IMF Chief Kristalina Georgieva has praised India's bold economic reforms including digital identity implementation, tax system overhauls, and digital payment infrastructure during the IMF's semi-annual gathering. While forecasting 6.5% growth for India in 2025-26, she contrasted India's rising economic influence with China's deceleration and expressed concerns about global debt issues affecting developing nations and potential disruptions from renewed US-China trade tensions.
Gautam Aggarwal: Mastercard's South Asia President to Address Innovation at NDTV World Summit 2025
Oct 11, 2025 03:20 pm CST
Gautam Aggarwal, Mastercard's Division President for South Asia, will share insights at the 2025 NDTV World Summit in New Delhi. With over 20 years of experience and leadership in financial technology, Aggarwal oversees Mastercard's operations across six South Asian countries and has directed over $1 billion in technology investments, pioneering real-time payment solutions across Asia.
UPI Adoption in France Boosts Indian Tourism by 40%: Lyra Network Chairman Reveals Digital Payment Impact
Oct 10, 2025 04:17 pm CST
The implementation of India's UPI payment system across French tourist destinations has led to a 40% increase in Indian visitors, according to Lyra Network's Chairman Christophe Mariette. The familiar payment method offers enhanced security for travelers, showing exact expenses in rupees while supporting tourism growth. UPI will soon expand to luxury shopping destination Bicester Village, further strengthening the connection between India's fintech ecosystem and global retail.