UPI Transactions Hit Record High: 16.99 Billion in January, Says Finance Ministry
2025-02-28
Business Line
India's digital payments sector is booming, with UPI transactions reaching an all-time high of 16.99 billion in January, according to the Finance Ministry. This milestone marks a significant expansion of the country's digital payments landscape in 2023-24, driven by the increasing adoption of online payment systems and mobile wallets. As the use of digital payment methods continues to grow, India is witnessing a surge in transaction volumes and values, with UPI leading the way. With the rise of digital payments, India is moving towards a cashless economy, driven by popular keywords like digital payments, online transactions, and mobile wallets.
