India's UPI Surpasses Visa To Become World’s Top Real-Time Payment System: IMF

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India's UPI payments, handling 640 million daily transactions, surpassing Visa. UPI powers 85% of India's digital payments and 60% globally, now live in seven countries.


India UPI Payments: India’s real-time payment technology UPI (Unified Payment Interface) has emerged as the global leader surpassing Visa, according to a recent note by the International Monetary Fund titled Growing Retail Digital Payments: The Value of Interoperability. The IMF report states that UPI has powered 85 per cent of India’s digital payments and nearly 60 per cent globally.

UPI is handling 640+ million transactions daily, head of Visa, the report stated, adding that Rs 24 lakh crore processed via 18.39 billion UPI transactions in June 2025. The transaction percentage rose 32 per cent YOY compared to the same month last year at 13.88 billion.

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