India's Unified Payments Interface (UPI) consolidated its global leadership in 2025, with the International Monetary Fund (IMF) recognizing it as the world's largest real-time payments network by transaction volume. UPI remained the engine of India becoming the fastest payment ecosystem in the world with over 80 percent of countrywide digital transactions. The updates on the regulation that were made on a year-round basis were meant to enhance security and facilitate the ease of undertaking daily transactions, as well as opening up expanded use cases.

The global presence of UPI became even bigger as Indian customers could now issue digital payment in more than 190 countries. The market concentration continued to be high and by the middle of 2025, the volume of UPI transactions conducted by phone Pe and Google Pay were approximately 82 percent. UPI’s scale, speed, and reach reinforce India’s leadership in inclusive, secure digital payments worldwide ecosystems.

• IMF Ranks India's UPI the World's Largest Real-time Payments Platform 
• IMF: UPI Drives India to World's Fastest Payment System
• New UPI Rules: How They Affect Your Daily Transactions?
• UPI Update: Users Can Make Digital Payments in 192 Countries
• PhonePe and GPay Capture 82% UPI Share in June