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IMF Recognises UPI as the World’s Largest Real-Time Payments System

IMF Recognises UPI as the World’s Largest Real-Time Payments System

The International Monetary Fund has recognised India’s Unified Payments Interface as the world’s largest real-time payments system. This marks a major global milestone for India’s digital payments ecosystem.

According to MeitY Secretary S. Krishnan, UPI processes nearly 75 crore transactions daily. He also stated that around 98% of transactions by value in India are now digital, reflecting the country’s strong shift towards a cashless economy.

Key Pointers:

• IMF has given global recognition to UPI

• UPI handles around 75 crore transactions daily

• 9 countries have already implemented UPI

• DigiLocker has crossed 70 crore users

• ₹51.5 lakh crore has been transferred through 300+ DBT schemes

This recognition strengthens India’s position as a global leader in digital public infrastructure, fintech innovation and real-time payment systems.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.