The International Monetary Fund (IMF) has recognized India as the world’s leader in fast payments, citing the country’s robust UPI (Unified Payments Interface) system. In June 2025 alone, UPI recorded 18.39 billion transactions, solidifying India’s dominance in digital financial infrastructure.

Key Points:

• The IMF acknowledged India’s leadership in fast payments, with UPI leading the charge in transaction volumes globally.
• In June 2025, UPI processed a record 18.39 billion transactions, reflecting the system’s rapid adoption and efficiency.
• The report credited India’s public digital infrastructure and regulatory support as key factors behind this achievement.
• UPI’s growth has made digital transactions more accessible across urban and rural areas, boosting financial inclusion.