Lok Sabha Question No. 1168 (UNSTARRED), answered on 2025-12-08
Subject: Success of Unified Payments Interface
Ministry: FINANCE
Asked by: Shri P C Mohan, Dr. Hemang Joshi, Shri Yaduveer Wadiyar, Dr. K Sudhakar, Shri Selvam G, Shri Shivmangal Singh Tomar, Shri P P Chaudhary, Shri Mahendra Singh Solanky, Shri Mukeshkumar Chandrakaant Dalal, Shri Bibhu Prasad Tarai, Shri C N Annadurai, Smt. Shobhanaben Mahendrasinh Baraiya

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES

## LOK SABHA UNSTARRED QUESTION NO. 1168

ANSWERED ON MONDAY, DECEMBER 08, 2025/ AGRAHAYANA 17, 1947 (SAKA)

## Success of Unified Payments Interface

1168.  SHRI MUKESHKUMAR                                                 SHRI P P CHAUDHARY:

CHANDRAKAANT DALAL:                                          SHRI P C MOHAN:

DR. K SUDHAKAR:                                                        SHRI SELVAM G:

SMT.SHOBHANABEN                                                    SHRI C N ANNADURAI:

MAHENDRASINH BARAIYA:                                       SHRI BIBHU PRASAD TARAI:

SHRI YADUVEER WADIYAR:                                      SHRI SIVMANGAL SINGH

SHRI MAHENDRA SINGH SOLANKY:                        TOMAR

DR. HEMANG JOSHI:

Will the Minister of FINANCE be pleased to state:

- (a) the  extent  to  which  Unified  Payments  Interface  (UPI)  has  surpassed  other  major global  real-time  payment  systems/gateways,  particularly  in  terms  of  transaction volume;
- (b) the  detailed  comparison illustrating UPI's current status and market share against other leading international real-time payment platforms;
- (c) the total  number of new merchants and small businesses onboarded onto the UPI platform  as  a  direct  result  of  Government  initiatives  aimed  at  boosting  digital payments;
- (d) the volume and value of UPI transactions made through RuPay linked accounts in Tamil Nadu;
- (e) the key Government schemes and their impact on driving the adoption of UPI among small scale merchants in the country particularly in the Lok Sabha constituency of Dewas-Shajapur, Madhya Pradesh and Pali in Rajasthan;
- (f) the steps taken to strengthen the digital payments infrastructure in Tier-II and TierIII cities especially in Tamil Nadu; and
- (g) whether the Government proposes any new initiatives to integrate RuPay and UPI systems with public services, transport and e-commerce platforms especially in the State of Tamil Nadu and if so, the details thereof ?

## Answer

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

(a) & (b) The International Monetary Fund (IMF) report on 'Growing Retail Digital Payments (The Value of Interoperability)' dated June 2025 had recognized Unified Payments Interface (UPI) as the world's largest retail fast-payment system (FPS) by transaction volume. Further, 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.

The detailed comparison illustrating UPI's current status and market share against other leading international real-time payment platforms is attached as Annexure - I.

(c),  (e)  &  (f)  In  order  to  support  small  scale  merchants  in  adopting  digital  payment  systems including UPI, various initiatives have been taken up  by the Government, Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) from time to time. These inter alia, include incentive scheme for promotion of low value BHIM-UPI transactions, and the Payments Infrastructure Development Fund (PIDF) which provides grant support to the banks and fintechs for deployment of digital payment infrastructure (such as POS Terminals and QR codes) in tier-3 to 6 centers. 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.

- (d) NPCI has informed that bifurcation of transactions originated by UPI linked RuPay accounts is  not  captured  separately.  However,  Tamil  Nadu  state  has  contributed  81.20  crore  UPI transactions with value of ₹ 1.28 lakh crore in October 2025.

(g) 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 including the state of Tamil Nadu.

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## Annexure-I

UPI's status against other leading international real-time payment platforms

| Countries   |   Transaction Volume (in Billions) | %Share of Global real- time payment platform   |
|-------------|------------------------------------|------------------------------------------------|
| India       |                              129.3 | 49%                                            |
| Brazil      |                               37.4 | 14%                                            |
| Thailand    |                               20.4 | 8%                                             |
| China       |                               17.2 | 6%                                             |
| South Korea |                                9.1 | 3%                                             |
| Others      |                               52.8 | 20%                                            |
| Total       |                              266.2 | 100%                                           |

Source: ACI Worldwide report on 'Prime Time for Real-Time' 2024