UPI: India tops global digital payment speed charts; IMF highlights...

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UPI: India tops global digital payment speed charts; IMF highlights fall in cash and card use

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India leads in faster payments due to the rapid growth of the Unified Payments Interface (UPI), which has become the world's largest retail fast payment system. The IMF Fintech Note highlights UPI's open and interoperable nature as key to its success, leading to a decline in cash usage.

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