December 3, 2024 4:58 PM

UPI transactions may reach 25 billion by 2025

India’s Unified Payments Interface (UPI) reached a milestone in October, recording 16.58 billion financial transactions in a single month, reflecting a 45% year-on-year growth from 11.40 billion transactions in October 2023. With ₹23.49 lakh crore transacted during this period, UPI continues to dominate India’s digital payment landscape. UPI’s Rise and Transformation Launched in 2016 by the National Payments Corporation of India (NPCI), UPI has fundamentally reshaped India’s payment ...