UPI: The Finance Ministry informed on Saturday that Unified Payments Interface (UPI) has achieved more than 15,547 crore transactions worth Rs 223 lakh crore from January to November this year. The Finance Ministry shared data related to UPI regarding the digital payment revolution through a post from its official X handle.
Record UPI transactions worth Rs 23.50 lakh crore in October
After reaching a record high of 16.58 billion transactions and value of Rs 23.50 lakh crore in October 2024, the number of UPI transactions in November stood at 15.48 billion, up 38 per cent YoY, with value up 24 per cent YoY. It was Rs 21.55 lakh crore.
Earlier, the Finance Ministry had informed that in the first 7 months of FY 2025, transactions through UPI on Rupee Credit Card have almost doubled as compared to the same period of FY 2024.
More than 750 million transactions through UPI RuPay credit cards from April to October
From April to October this year, more than Rs 750 million UPI credit card transactions amounting to Rs 63,825.8 crore were made. At the same time, in the financial year 2024, the number of transactions through UPI RuPay credit card was 362.8 million, the total value of which was Rs 33,439.24 crore.
driving the #DigitalPayment revolution, UPI achieved 15,547 crore transactions worth Rs. 223 lakh crore from January to November, 2024, showcasing its transformative impact on financial transactions in India.
⁰#FinMinYearReview2024⁰#BankingInitiatives⁰#ViksitBharat pic.twitter.com/Bkbag6542k— Ministry of Finance (@FinMinIndia) December 14, 2024
Government releases data continuously
The government started the facility of UPI transactions on RuPay credit cards in September 2022. Users using Rs credit card can do their transactions through the card with the help of UPI app. Earlier, figures for October and November were also released by the government regarding the success of UPI.
UPI was launched by the National Payments Corporation of India (NPCI) in 2016. With UPI, online payment facility is available by integrating multiple bank accounts into a single mobile application.
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