UPI Impact: India Now Makes Faster Payments Than Any Other Country, Says IMF

Friday, 11 July 2025
Since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India, according to the note titled ‘Growing Retail Digital Payments: The Value of Interoperability.’

👓 View full article