India commands 48.5% share in global real-time payments by volume with UPI: RBI

India accounted for 48.5 per cent of global real-time payments by volume in FY25, primarily driven by Unified Payments Interface (UPI), the Reserve Bank of India (RBI) said in its Annual Report released on Thursday.

Per the report released by the central bank, UPI transactions increased by 41.7 per cent in terms of volume and 30.3 per cent in terms of value, while NEFT transactions rose by 32.4 per cent in terms of volume and 13.4 per cent in terms of value. In terms of volume, UPI transactions had the highest share (84 per cent) in total retail payments during 2024-25.