Overview
- Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that an IMF June 2025 study recognizes UPI as the top retail fast-payment system by transaction volume.
- ACI Worldwide’s 2024 data indicates UPI accounts for about 49% of global real-time payment transactions, totaling roughly 129.3 billion.
- The ACI rankings place Brazil at about 37.4 billion transactions, Thailand at 20.4 billion, China at 17.2 billion, and South Korea at 9.1 billion.
- The government, RBI, and NPCI cite measures such as BHIM-UPI incentives and the PIDF to support small merchants and expand acceptance infrastructure in smaller cities.
- As of October 31, 2025, PIDF-backed deployments reached approximately 5.45 crore digital touch points, and by FY 2024–25 about 56.86 crore QR codes were distributed to roughly 6.5 crore merchants.