New Delhi, Dec. 9 -- India's Unified Payments Interface (UPI) has been reaffirmed as the world's largest retail fast-payment system by transaction volume, according to the International Monetary Fund's (IMF) June 2025 report, 'Growing Retail Digital Payments (The Value of Interoperability)'.

Minister of State for Finance Pankaj Chaudhary shared the findings in a written reply to the Lok Sabha on Monday.

UPI also holds the highest global market share among real-time payment systems, with a 49 per cent share of worldwide real-time transactions, as reported by ACI Worldwide's 'Prime Time for Real-Time 2024'.

India Leads Global Real-Time Payments

A comparative assessment shared by the Ministry of Finance shows that India recorded 129.3 bi...