India is the number one country in UPI (Unified Payments Interface) transactions worldwide, holding a commanding 49% share of global real-time digital payments. As of 2025, India processes over 129 billion transactions annually, significantly surpassing other nations in both volume and value.
1 in digital payments? India has emerged as the global leader in fast payments, according to a recent note by the International Monetary Fund. This is primarily driven by the Unified Payments Interface (UPI), which processes billions of transactions monthly.
India's UPI ecosystem continues to redefine digital payments — clocking billions of transactions every month. And leading the charge are a few giants who dominate the space. PhonePe reigns supreme with 8.96 Bn transactions, followed by Google Pay at 6.83 Bn and Paytm at 1.39 Bn.
Top Best UPI Apps in India for 2025 – Detailed Comparison
3: BHIM UPI has the added advantage of being backed by the government, so it is regarded as safer and secure compared to Google Pay. Though Google Pay has enhanced security features like biometric authentication as well as PIN or pattern, extensive data syncing makes it less secure.
UPI, or Unified Payments Interface, is owned and operated by the National Payments Corporation of India (NPCI).
Why Paytm Is Among the Most Secure and Reliable UPI Apps. Paytm provides a strong combination of security, user-friendliness, and efficiency. Secure Verification Flow: Paytm uses debit card verification and SMS confirmation before allowing PIN resets or changes.
If you're looking for a safe digital wallet, opting for GPay may be the right choice. This app also offers several opportunities to earn cashback and discounts, with all your payments being secure and tokenised. This is among India's most popular names on the best online payment apps.
Unified Payment Interface (UPI) is currently accepted in eight countries— Bhutan, Singapore, Qatar, Mauritius, Nepal, UAE, Sri Lanka and France. Acceptability of India's digital payment network overseas enables Indian tourists to make UPI payments for transactions abroad.
Google Pay Usage Either for Online Payments in Various Countries in 2023. As of Julay 2023, the largest number of people making online payments using Google Pay live in India (77%). In second and third place are Poland and the United States. 38% of Poles and 31% of Americans make online payments using Google Pay.
India ranks No. 1 in the cashless society. India's digital payments in India touches a newer height, and India is now positioned as the No.
Bhutan – First Country to Accept UPI
Launched by: Finance Minister of India, Nirmala Sitharaman & Finance Minister of Bhutan, Lyonpo Namgay Tshering. First country to adopt UPI standards for QR deployment. First country in India's immediate neighbourhood to accept mobile payments using the BHIM App.
Based on transaction volume data, some of the top banks for UPI remittances include the State Bank of India (SBI), HDFC Bank, Bank of Baroda, Union Bank of India, and Punjab National Bank. Many banks, including HDFC and SBI, offer high UPI transaction limits, typically up to ₹100,000 INR per transaction.
Yes, UPI payments are considered secure. They utilize encryption and mandatory UPI PIN verification, often coupled with two-factor authentication, to prevent unauthorized transactions. The system is regulated by NPCI under RBI guidelines, ensuring security standards are met.
India is the country that uses the Unified Payments Interface (UPI) the most. As the global leader in fast payments, UPI in India processes over 18 billion transactions monthly, accounting for around 85% of all digital transactions in the country.
*99# is a USSD (Unstructured Supplementary Service Data) based mobile banking service from NPCI that brings together diverse ecosystem partners such as Banks & TSPs (Telecom Service Providers). Using *99# service, a customer can access financial services by dialling *99# from his/her mobile registered with the bank.
Google Pay, also known as GPay, is a mobile payment application developed by Google.
UPI was invented in India by the National Payments Corporation of India (NPCI). It was designed to create a real-time and interoperable digital payments system. Today, it is considered one of the most advanced payment systems in the world.
🚨 Paytm is now fully Indian-owned after China's Ant Financial sold its entire 5.84% stake. 🚨 Paytm is now fully Indian-owned after China's Ant Financial sold its entire 5.84% stake.
Pioneered and developed by National Payments Corporation of India (NPCI), BHIM has been conceived and launched by the Hon'ble Prime Minister of India, Narendra Modi on 30th December 2016 to bring in Financial Inclusion to the nation and a digitally empowered society.
Google Pay keeps your information safe. Google Pay uses special things to stop frauds from stealing your money or knowing your identity. Your Google Pay information is stored in a safe place, and our team monitors it all the time.