Surpasses Visa in Daily Transactions, Powers 85% of India’s Digital Payments
🔹 UPI Leads the Global Fast Payment Revolution
India has officially taken the global lead in real-time payments, driven by the Unified Payments Interface (UPI) — a revolutionary digital infrastructure developed by the National Payments Corporation of India (NPCI). According to a recent IMF note titled “Growing Retail Digital Payments: The Value of Interoperability”, UPI has now surpassed global giants like Visa, becoming the world’s most used real-time payment system.
🔹 UPI Surpasses Visa in Daily Volume
As per the Indian government’s backgrounder report, UPI processes over 640 million transactions daily, overtaking Visa’s 639 million. Remarkably, UPI achieved this scale in just nine years since its launch in 2016.
🔹 Key Features That Make UPI a Global Model
- Interoperability: Allows transactions across banks and platforms.
- Instant Transfers: Send or receive money within seconds.
- Ease of Use: Simple mobile-based interface.
- Open Infrastructure: Built with technical standards and unified governance.
- Low Cost: Ideal for small merchants and users across all income levels.
This ecosystem has helped India transition from a cash-dominant economy to a digital-first nation, improving financial inclusion nationwide.
🔹 Explosive Growth in 2025: UPI by the Numbers
- June 2025 Transactions: ₹24.03 lakh crore
- Total Transactions: 18.39 billion (vs. 13.88 billion in June 2024 — 32% growth)
- User Base: 491 million individuals
- Merchant Base: 65 million
- Bank Partners: 675 banks
UPI now powers 85% of all digital payments in India, accounting for nearly 50% of all real-time transactions globally.
🔹 UPI: A Global Benchmark for Digital Finance
More than a payment method, UPI is a framework of trust, speed, and scale. Its open-source nature and robust governance have made it a model admired by global financial systems.
From peer-to-peer transfers to merchant payments, UPI continues to transform daily life for millions of Indians — empowering users and businesses with a secure, fast, and user-friendly payment experience.
