UPI Records 15000 Crore Transactions Worth ?223 Lakh Crore in 2024

The Unified Payments Interface (UPI) has reached new heights in 2024, processing over 15000 crore transactions in just 11 months, from January to November. These transactions amounted to a staggering ?223 lakh crore, cementing UPI’s role as a backbone of India’s digital payment ecosystem. This phenomenal growth underscores the country’s increasing reliance on seamless, cashless payments.

Highlight

• A Surge in Digital Adoption
• Key Drivers Behind UPI’s Massive Growth
• Record-Breaking Numbers Over the Years
• Monthly Trends and Peak Performance
• The Road Ahead for UPI
• A Global Leader in Digital Payments

A Surge in Digital Adoption

According to the latest reports, UPI registered 15,547 crore transactions between January and November 2024. This surge marks an unprecedented level of digital payment activity in India, driven by the widespread adoption of mobile payments, growing smartphone penetration, and increasing digital literacy.

The value of these transactions reached ?223 lakh crore, reflecting a significant jump compared to previous years. This remarkable milestone highlights the confidence and trust that users place in UPI for everything from small daily transactions to high-value read more...