Answer-India’s Unified Payments Interface (UPI) has emerged as a dominant force in global real-time payment...

Indias Unified Payments Interface UPI handled nearly 49 of all real-time payment transactions globally in FY 2025-26 making India by far the worlds largest real-time payments market by volume. UPI transactions grew from just 2 crore in FY 2016-17 to 24,162 crore in FY 2025-26 more than a 12,000-fold increase in under a decade. UPI is now accepted in 9 countries, and India Stack technology including UPI has been shared with 24 countries under bilateral MoUs. This dominance in real-time payments reflects both the scale of Indias digital population and the success of the NPCI-operated open interoperable payments infrastructure.

Question

India’s Unified Payments Interface (UP

I has emerged as a dominant force in global real-time payments. What share of worldwide real-time payment transaction volume did UPI account for as of FY 2025-26?

A Around 25% of global real-time transactions

B Around 30% of global real-time transactions

C Around 35% of global real-time transactions

D Nearly 49% of global real-time transactions

E Over 60% of global real-time transactions

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