India’s digital payments ecosystem is expanding at a scale that is increasingly attracting global attention, with UPI emerging as one of the world’s largest instant-payment systems. The growth also highlights a broader shift in the global payments industry, as countries increasingly build real-time rails and businesses look beyond traditional payment networks.

India’s Unified Payments Interface (UPI) processed 23.2 billion transactions in May 2026 alone, highlighting the extraordinary scale of the country’s real-time payments ecosystem. The figure has also emerged as a global benchmark as countries build domestic instant-payment infrastructure, according to Boston Consulting Group’s “The Burden of Proof: Global Payments Report 2026.”....

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Via businesstoday.in