India Becomes Global Leader In Fast Payments : IMF Report:
India has become the global leader in real-time payments as UPI processed 18.39 billion transactions in June 2025, according to an IMF-supported report.
- It is Jointly developed by the International Monetary Fund (IMF) and FIS Global, this Fast Payments Report 2025 analyses global public digital infrastructure.
- It uses a new metric: Faster Payment Adoption Score (FPAS) to benchmark digital payment adoption.
- Top Global Rank (FPAS: 87.5%): India leads 30 countries, surpassing Brazil, Singapore, UK, and USA.
- UPI Scale: Processes over 640 million transactions daily, serving 491 million individuals and 65 million merchants via 675 banks.
- Speed and Cost: Delivers payments within 5 seconds, with near-zero cost per transaction.
- Global Reach: UPI is now operational in 7 countries, including France, UAE, and Singapore.
- BRICS Integration: India is advocating UPI as a cross-border payment standard among BRICS+ nations.
