The Unified Payments Interface (UPI) records over 700 million daily transactions for six consecutive days in December, with the first five days exceeding Rs 1 lakh crore in transaction value, a significant milestone. This achievement surpasses previous monthly highs, reflecting increased consumer activity following salary payments. With UPI accounting for 85% of India's digital transactions, industry experts predict it is on track to reach a billion transactions per day by next year, heralding further growth in the fintech sector.
The Unified Payments Interface (UPI) records over 700 million daily transactions for six consecutive days in December, with the first five days exceeding Rs 1 lakh crore in transaction value, a significant milestone. This achievement surpasses previous monthly highs, reflecting increased consumer activity following salary payments. With UPI accounting for 85% of India's digital transactions, industry experts predict it is on track to reach a billion transactions per day by next year, heralding further growth in the fintech sector.