India’s Unified Funds Interface (UPI) has been recognised by the Worldwide Financial Fund (IMF) because the world’s largest retail real-time cost system by transaction quantity.

The IMF’s June 2025 report titled Rising Retail Digital Funds (The Worth of Interoperability) famous that UPI has emerged as the most important fast-payment system globally. ACI Worldwide’s Prime Time for Actual-Time 2024 examine additional said that UPI holds about 49 per cent of worldwide real-time cost transaction quantity.

India processed 129.3 billion real-time transactions, giving it a 49% world share. Brazil adopted with 37.4 billion transactions and a 14% share. Thailand recorded 20.4 billion transactions at 8%. China processed 17.2 billion transactions at 6%, whereas South Korea logged 9.1 billion transactions at 3%.

All different nations collectively accounted for 52.8 billion transactions, contributing the remaining 20%. In whole, 266.2 billion real-time transactions had been processed worldwide.

The federal government knowledgeable Parliament that the fast enlargement of UPI is supported by coordinated initiatives from the Centre, the Reserve Financial institution of India and the Nationwide Funds Company of India. These measures embody an incentive scheme to advertise low-value BHIM-UPI funds and the Funds Infrastructure Improvement Fund which affords grants for organising digital cost infrastructure comparable to point-of-sale terminals and QR codes in tier-3 to tier-6 centres.

As of October 31, 2025, round 5.45 crore digital contact factors have been deployed in smaller cities and cities by way of the fund. By FY 2024-25, a complete of 56.86 crore QR codes had been supplied to roughly 6.5 crore retailers. The federal government added that efforts proceed to widen using RuPay and UPI throughout public providers, transport networks and e-commerce platforms to strengthen India’s digital funds ecosystem.

UPI additionally maintained sturdy momentum in November 2025. Knowledge from NPCI confirmed that transaction quantity crossed 19 billion, with worth touching Rs 24.58 lakh crore as of November 28. This represented an increase of about 23% in quantity and almost 14% in worth in contrast with November 2024.