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India’s UPI Surpasses Visa to Lead Real-Time Payments

Record June volumes underline India’s push to standardize UPI across BRICS nations

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Overview

  • UPI processed ₹24.03 lakh crore across 18.39 billion transactions in June, marking 32 percent year-on-year growth
  • The platform now handles more than 640 million transactions daily, edging past Visa’s 639 million
  • UPI connects 491 million users, 65 million merchants and 675 banks on a single interoperable network
  • International rollout has expanded to seven countries, with France marking UPI’s first European deployment
  • India is actively lobbying for UPI to become the cross-border payment standard within the BRICS bloc