US EditionIndia Tops Global Fast Payments Race, UPI Processes over 18 Billion Transactions per Month: IMF Report
UNITED ARAB EMIRATES, JUL 10 – UPI now processes over 18 billion monthly transactions and is expanding in the UAE to provide Indian travellers a seamless and secure payment experience across multiple sectors.
- The IMF reported on July 10, 2025, that India leads the world in fast digital payments, with UPI processing over 18 billion transactions monthly.
- This growth follows UPI's launch in 2016 and its interoperable design that enables seamless payments and declining use of cash and cards.
- UPI has been introduced in seven nations such as the UAE, France, and Mauritius, and is actively expanding its presence into areas like Southeast Asia and the United Kingdom.
- The IMF cautioned policymakers to monitor anti-competitive risks and urged system operators to engage private stakeholders to maintain an open interoperable ecosystem.
- These developments suggest UPI's interoperable platform is reshaping digital payments globally while requiring careful regulation to sustain competition and innovation.
14 Articles
14 Articles
India tops global charts for fastest payments, UPI leads the change: IMF
What a street vendor in an Indian village does with ease and safety remains a dream for many developed nations of the world. The IMF has just released a report on UPI payment revolution, making India the country with fastest payments
India tops global fast payments race, UPI processes over 18 billion transactions per month: IMF report
India leads global fast payments with the Unified Payments Interface (UPI), which has grown rapidly since its 2016 launch. UPI processes over 18 billion monthly transactions, while cash and traditional payment methods decline, according to an IMF report.
India Now Makes Faster Payments Than Any Other Country: IMF Note On UPI
India now makes faster payments than any other country with the quick growth of UPI, and the usage of other instruments, including debit and credit cards, is on the decline, according to an IMF note.
The Print
The Economic TimesIndia now makes faster payments than any other country, courtesy UPI: IMF note
New Delhi, Jul 10 (PTI) India now makes faster payments than any other country with the quick growth of UPI, and the usage of other instruments, including debit and credit cards, is on the decline, according to an IMF note. Unified Payments Interface is an instant and real-time payment system developed by NPCI to facilitate […]
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