UPI transactions in Jan surpass 16.99 billion, highest recorded in any month

economictimes.indiatimes.com:

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Unified Payments Interface (UPI) remains the cornerstone of India's digital payment ecosystem, contributing to 80 per cent of the retail payments across the country, it said.
The total transaction volume exceeded 131 billion and the value exceeded Rs 200 lakh crore for the 2023-24.

Its ease of use, combined with a growing network of participating banks and fintech platforms, has made UPI the preferred mode of real-time payments for millions of users across the country, it said.
As of January, 2025, over 80 UPI Apps, 641 banks are currently live on UPI ecosystem, it said.

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