India's digital payment system, UPI, shows rapid global growth, processing 16.6 billion transactions in October.

The Reserve Bank of India reports rapid progress in the internationalization of the Unified Payments Interface (UPI), positioning India as a global leader in digital technology for financial change. In October, UPI processed 16.6 billion transactions, with an 86% success rate for instant debit reversals, up from 77% last year. This growth highlights India's expanding influence in global digital payments.

November 24, 2024
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