January 1, 2025 5:09 PM

UPI Transactions surge by 8% to ₹23.25 lakh crore in December, record 35% growth in 2024

In a new milestone, Unified Payments Interface (UPI) transactions recorded an 8% month-on-month growth in December 2024, with transaction volumes reaching 16.73 billion, according to data released by the National Payments Corporation of India (NPCI) on Wednesday. The transaction value also surged by 8%, rising to ₹23.25 lakh crore from ₹21.55 lakh crore in November. For the entire year 2024, UPI transactions saw impressive growth, with volumes soaring by 46% to 172 billion, compared to 118...