JAMMU, July 21 -- Gaurav Gupta, BJP Spokesperson, said, "India's phenomenal rise as the global leader in fast digital payments is a direct result of Prime Minister Narendra Modi's visionary leadership and the success of the Digital India mission. The IMF's recognition of UPI is a proud moment for every Indian."
The recent IMF report titled "Growing Retail Digital Payments: The Value of Interoperability" applauds India's revolutionary Unified Payments Interface (UPI), launched in 2016 by the National Payments Corporation of India (NPCI). UPI has transformed how India transacts - enabling secure, instant, and low-cost digital payments across all sections of society.
Today, UPI accounts for 85% of all digital payments in India, linking 491 m...