By Shishir Prashant 
PrashantNews
An International Monetary Fund (IMF) report on ‘Growing Retail Digital Payments (The Value of Interoperability)’ has recognized Unified Payments Interface (UPI) as the world’s largest retail fast-payment system (FPS) by transaction volume.
As per ACI Worldwide report on ‘Prime Time for Real-Time’ 2024, UPI has around 49% share in the global real-time payment system transaction volume, an official said on Monday.
As of October 31, 2025, approximately 5.45 crore digital touch points have been deployed through PIDF in tier-3 to 6 centers. Further, as of FY 2024-25, a total of 56.86 crore QR were deployed to approximately 6.5 crore merchants.
The Government, RBI and NPCI have initiated deepening digital transactions through RuPay and UPI across businesses including public services, transport and e-commerce platforms on a nationwide basis.