India’s UPI Crowned Fastest Payment System by IMF | Global Fintech Changer
India’s UPI just got a global shoutout from the IMF—and it’s no small praise. The real-time payment system, developed by NPCI, is now officially the fastest in the world, processing over 18 billion transactions a month. While card usage and ATM withdrawals fall, UPI is zooming ahead with lightning speed.
Here’s the scoop:
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IMF says India leads in retail fast payments globally
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UPI is the world’s largest interoperable payment system
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ATM withdrawals falling = people using less cash
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Interoperability key to UPI’s success, says IMF
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But watch out for big private players dominating the system
👉 Why this matters: India’s UPI growth shows how India is shaping the future of digital money—and sets the blueprint for global fintech revolutions.
🔗 Source: India Today
🔍 Curated by Articoli News
🖋️ Written and summarized by our editorial team using AI assistance and human review.
📚 Sources: Market insights on the internet and other verified media platforms.
✅ We credit all sources and focus on accurate, simplified, and growth-driven news only.
🙋 Have a story or opinion? Submit your article or comment below.
👤 Edited & Approved by Debraj Paul, Founder of Articoli News.
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