India’s Unified Payments Interface (UPI) is the world’s top way to pay fast. In June 2025, it handled Rs 24.03 lakh crore in 18.39 billion transactions, a 32% jump from 13.88 billion last year, says a July 2025 International Monetary Fund (IMF) report. UPI runs 85% of India’s digital payments and almost half of all quick payments worldwide, beating Visa’s 639 million daily transactions with over 640 million a day.
UPI did 18.39 billion payments in a month? That’s awesome! India’s number one!
Helping Tons of People
Started in 2016 by the National Payments Corporation of India (NPCI), UPI connects 491 million people and 65 million shops with 675 banks. It helps everyone, especially in small towns, use digital money easily and cheaply. The IMF says India’s success comes from smart tech and a plan to include everyone.
UPI makes paying easy for so many! Even small towns love it!
How UPI Works
UPI lets you pay shops, send money to friends, or check your bank account with a few phone taps. It works with any bank, so it’s super fast and simple. People and businesses love it because it’s so easy. The IMF says UPI is a model for the world because anyone can use it.
Pay with your phone in seconds? That’s so cool and quick!
UPI Goes to Other Countries
UPI is used in seven countries: UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius. It helps Indians pay easily in places like France. India wants UPI in BRICS countries to make payments across borders faster and cheaper. An X post from @IndianTechGuide said, “UPI beats Visa and is in 7 countries!” This could make India a big digital star.
UPI in France? That’s great for Indian travelers!
Why This Matters
UPI grew huge in just nine years, handling over 640 million payments a day. It’s cut down cash use, with fewer ATM visits and card payments. The IMF says UPI shows how tech can help everyone and grow India’s money system. With plans to reach more countries, UPI could change how the world pays. This fits with India’s big goals, like PM Modi’s trips to boost ties with places like the UK and Maldives. What do you think about UPI being the best? Tell me!