NPCI
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.
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.
RBI Governor Urges Fintechs to Build for Inclusion and Prioritize Underserved Populations
Oct 09, 2025 10:27 am CST
RBI Governor Sanjay Malhotra emphasizes the crucial role of fintech companies in expanding financial services to underserved communities, while highlighting innovations in digital finance infrastructure and measures to combat fraud. With India's fintech sector growing to 10,000 companies raising $40 billion over the past decade, the central bank is pushing for responsible innovation that combines inclusion, user-friendly design, and robust security measures.
UPI Lite Now Available on Smart Glasses: Revolutionizing Contactless Payments with "Look, Speak, Pay" Technology
Oct 08, 2025 02:34 am CST
NPCI has launched an innovative payment solution that integrates UPI Lite with smart glasses, enabling users to make hands-free payments through simple QR code scanning and voice commands. This advancement eliminates the need for smartphones or PIN authentication for small-value transactions, representing a significant step forward in India's digital payment ecosystem and wearable technology integration.