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India's UPI system processed 15.547 billion transactions worth ₹223 lakh crore in 2024, dominating digital payments.
The Unified Payments Interface (UPI) in India processed 15,547 crore transactions worth ₹223 lakh crore from January to November 2024, showcasing its significant impact on the country's financial transactions.
Launched in 2016, UPI has revolutionized digital payments by integrating multiple bank accounts into a single mobile app, facilitating fast and secure transactions.
Now operational in seven countries including France, the UAE, and Singapore, UPI has become a leading platform, accounting for 75% of retail digital payments in India.
The system's success is attributed to affordable internet access and its role in enhancing financial inclusion and economic growth.
El sistema UPI de la India procesó 15.547 millones de transacciones por valor de 223 lakh crore en 2024, dominando los pagos digitales.