UPI accounted for nearly half of global real-time payment volume in 2025
A Business Today review of India’s 2014–2026 economic transformation highlights UPI’s scale, alongside GST, banking formalisation and manufacturing incentives. For retailers, the payment network’s reach reinforces the importance of seamless digital checkout and interoperable payment acceptance.
What happened
Special report reviews India’s economic and digital transformation under PM Modi, including GST, banking formalisation, manufacturing incentives and UPI’s rise
Key facts
- 2014-2026
- 12 years
- nearly half of global real-time payment transaction volume in 2025
- third term
Why this matters
Payments, POS and commerce-platform acquirers should assess partnerships or targets that deepen interoperable UPI checkout and merchant acceptance capabilities in India.