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

February 27, 2025

In January, UPI transactions in India reached a record high of 16.99 billion, with a value exceeding Rs 23.48 lakh crore. UPI remains the dominant digital payment method in India, contributing to 80% of retail payments, with over 641 banks and 80 UPI apps participating in the system.

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