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flag India's digital payment system, led by UPI, surged to dominate 83% of transactions in 2024.

flag India's digital payment system, led by the Unified Payments Interface (UPI), saw a significant surge, with UPI's share rising from 34% in 2019 to 83% in 2024, a CAGR of 74%. flag UPI transaction volume and value increased from 375 crore and ₹5.86 lakh crore in 2018 to 17,221 crore and ₹246.83 lakh crore in 2024, respectively. flag The growth in digital payments, especially through UPI, has positioned India as a global leader in digital payment solutions.

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