UPI transactions hit a brand new peak in December 2024, with 16.73 billion transactions recorded, marking an 8% enhance from November.
UPI processed round 172 billion transactions in 2024, a 46% enhance from 118 billion in 2023.
The full transaction worth surged by 35% to Rs 247 lakh crore, up from Rs 183 lakh crore in 2023.
UPI’s December quantity grew by 8% month-over-month and 39% year-over-year, with transaction worth rising by 28% year-over-year.
Micro-transactions are rising, with UPI being more and more used for smaller funds.
Individual-to-merchant transactions performed a key function in UPI’s development.
The earlier document for UPI quantity was in October 2024, with 16.58 billion transactions valued at Rs 23.5 lakh crore.
Each day UPI transactions elevated from 516 million in November to 540 million in December.
IMPS transactions rose by 8% in December to 441 million, with a worth of Rs 6.02 trillion.
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