Digital dominance: UPI tops global real-time payments with 49% share; govt tells Lok Sabha
Digital dominance: UPI tops global real-time payments with 49% share; govt tells Lok Sabha
India's UPI has cemented its position as the world's largest retail real-time payment system, handling nearly half of global transactions. This remarkable achievement, highlighted by IMF and ACI Worldwide reports, underscores India's digital payment prowess. Government initiatives like incentive schemes and the PIDF have significantly boosted adoption, especially among small merchants, further expanding the digital ecosystem nationwide.
India's UPI has cemented its position as the world's largest retail real-time payment system, handling nearly half of global transactions. This remarkable achievement, highlighted by IMF and ACI Worldwide reports, underscores India's digital payment prowess. Government initiatives like incentive schemes and the PIDF have significantly boosted adoption, especially among small merchants, further expanding the digital ecosystem nationwide.
India's UPI has cemented its position as the world's largest retail real-time payment system, handling nearly half of global transactions. This remarkable achievement, highlighted by IMF and ACI Worldwide reports, underscores India's digital payment prowess. Government initiatives like incentive schemes and the PIDF have significantly boosted adoption, especially among small merchants, further expanding the digital ecosystem nationwide. 
