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

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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Nifty has support around 22,200 and banking index support is near 47,800. The market shows significant corrections with FIIs lacking buying interest. Coal India and