ENA Sectors 2025-12-09 14:42:11 <p><span style="font-size:14px"><strong>New Delhi, Dec 9 (KNN)</strong> Indias Unified Payments Interface (UPI) has been reaffirmed as the worlds largest retail fast-payment system by transaction volume, according to the International Monetary Funds (IMF) June 2025 report, Growing Retail Digital Payments (The Value of Interoperability). </span></p> <p><span style="font-size:14px">Minister of State for Finance Pankaj Chaudhary shared the findings in a written reply to the Lok Sabha on Monday.</span></p> <p><span style="font-size:14px">UPI also holds the highest global market share among real-time payment systems, with a 49 per cent share of worldwide real-time transactions, as reported by ACI Worldwides Prime Time for Real-Time 2024.</span></p> <p><strong><span style="font-size:14px">India Leads Global Real-Time Payments</span></strong></p> <p><span style="font-size:14px">A comparative assessment shared by the Ministry of Finance shows that India recorded 129.3 billion real-time payment transactions, far exceeding Brazil (37.4 billion), Thailand (20.4 billion), China (17.2 billion), and South Korea (9.1 billion). </span></p> <p><span style="font-size:14px">Together, these countries contribute to a global total of 266.2 billion transactions across real-time payment platforms.</span></p> <p><strong><span style="font-size:14px">Support for MSMEs and Small Merchants</span></strong></p> <p><span style="font-size:14px">To support small-scale merchants in adopting digital payment systems such as UPI, the Government, Reserve Bank of India (RBI), and National Payments Corporation of India (NPCI) have implemented several initiatives. </span></p> <p><span style="font-size:14px">These include an incentive scheme to promote low-value BHIM-UPI transactions and the Payments Infrastructure Development Fund (PIDF), which provides financial support to deploy point-of-sale devices and QR codes in tier-3 to tier-6 centres.</span></p> <p><span style="font-size:14px">As of 31 October 2025, around 5.45 crore digital touchpoints had been deployed through PIDF in smaller towns and rural locations. </span></p> <p><span style="font-size:14px">In FY 2024 25, a total of 56.86 crore QR codes were deployed across approximately 6.5 crore merchants, significantly expanding the digital payments footprint.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 44357 https://knnindia.co.in/news/newsdetails/sectors/upi-ranked-worlds-top-real-time-payments-system-by-imf-holds-49-global-transactions 2025-12-09 14:42:11 knnindia.co.in