Tech
UPI recognised as world’s largest real-time payment system by IMF; accounts for 49% of global transactions
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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.
In order to support small scale merchants in adopting digital payment systems including UPI, various…
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