August 11, 2025 9:05 PM
UPI transactions surge 114% in eight years, digital payments jump 41%: minister
Unified Payments Interface (UPI) transactions in India have skyrocketed from 92 crore in fiscal year (FY) 2017-18 to 18,587 crore in FY 2024-25, marking a compound annual growth rate (CAGR) of 114 percent, the Parliament was informed on Monday. The value of UPI transactions also surged from Rs 1.10 lakh crore to Rs 261 lakh crore during the same period. In July, UPI crossed a major milestone, recording over 1,946.79 crore transactions in a single month for the first time, Minister of State for ...