India’s Unified Payments Interface (UPI) has been officially recognized by the International Monetary Fund (IMF) as the world’s largest real-time payment system, marking a major milestone in India’s digital payments journey. According to the IMF’s report titled “Growing Retail Digital Payments (The Value of Interoperability)”, UPI now accounts for 49% of all global real-time payment transactions. The data is supported by ACI Worldwide’s Prime Time for Real-Time report (2024), which highlights that UPI processed approximately 129.3 billion transactions, far surpassing other leading real-time payment ecosystems, including Brazil’s Pix, Thailand’s…
Read MoreUPI Hits 11 Billion Monthly Transactions, Tops Global Charts
