Current Affairs - International - Discussion

The International Monetary Fund (IMF) recognised India’s Unified Payments Interface (UPI) as the world’s largest real-time payment system in its June 2025 report titled “Growing Retail Digital Payments (The Value of Interoperability).” This acknowledgment highlights India’s leadership in the global fintech ecosystem and underscores the massive scale of UPI, which accounts for 49% of all global real-time digital transactions. The recognition demonstrates the success of India’s digital infrastructure, government-led initiatives and the collaborative efforts of institutions like NPCI and RBI. It also reinforces UPI’s role as a model for affordable, interoperable and scalable digital payment systems worldwide.