UPI Achieves ₹223 Lakh Crore Transactions in 11 Months

UPI Achieves ₹223 Lakh Crore Transactions in 11 Months

India's UPI system processed a staggering 15,547 crore transactions worth ₹223 lakh crore between January and November 2024, as per the Finance Ministry. In October alone, UPI hit a record 16.58 billion transactions, valued at ₹23.49 lakh crore—a 45% growth from October 2023. With 632 banks connected, UPI leads India’s digital payment landscape, now operational in seven countries, including the UAE, France, and Singapore. Representing 49% of global real-time payments, UPI’s growth highlights India’s leadership in financial technology and international expansion.

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