UPI recognised as world’s largest real-time payment system by IMF; accounts for 49% of global transactions

The International Monetary Fund (IMF) report on ‘Growing Retail Digital Payments (The Value of Interoperability)’ dated June 2025 had recognised Unified Payments Interface (UPI) as the world’s largest retail fast-payment system (FPS) by transaction volume.

According to the Ministry of Finance, further, as per the ACI Worldwide report on ‘Prime Time for Real-Time’ 2024, UPI has around 49% share in the global real-time payment system transaction volume.