Answer
UPI
Explanation
India's Unified Payments Interface (UPI) is currently the world's largest real-time payment system.
Key Points
- > UPI is managed by NPCI
- > It is the primary medium for digital transactions in India
- > It accounts for 50% of the world's real-time transactions
Additional Information
- UPI was launched in India in 2016.
- The IMF headquarters is in Washington D.C.
| Subject | Information |
|---|---|
| System | UPI |
| Recognized by | IMF |