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The original was posted on /r/india by /u/Aragakki on 2025-02-23 01:52:38+00:00.

I came here because I found some absurd things. Listen, I have no intention of arguing. You can choose not to believe it. I also welcome any discussion based on evidence.

I recently saw a report: India tops world ranking in digital payments, beats China by huge margin: Report

The article claims that India ranks #1, Brazil ranks #2, followed by China, and Thailand ranks #4. You can see that number between China and Thailand is very close. 😅

What I want to say

Any article claiming that India has the most digital payments in the world actually talks about real-time payments / RTP. You can search and verify.

But RTP in China only account for 1% of digital payments. China’s RTP system IBPS is the same as IMPS (the predecessor of UPI). It does not process with transactions of Alipay and WeChat pay. Read more: Understanding Real-Time Payments: The Complete Guide

More than 70% of Alipay and WeChat pay transactions were processed bywere processed by the NetsUnion clearing platform, more than 1 trillion transactions last year. Read more: Payment System Report