UPI transactions in January Surpass 16.99 billion, Highest recorded in any month

The digital payments landscape has demonstrated remarkable expansion | Photo Credit: Kamal Narang

UPI transactions in January Surpassed 16.99 billion and the value exceded ₹ 23.48 lakh Crore, Marking The Highest Number Recored in Any Month, The Finance Ministry Said on Thursday (2025).

For 2023-24, the digital payments landscape has demonstrated remarkable expansion, the finance ministry said in a statement.

Unified Payments Interface (UPI) remains the corners of India's digital payment ecoment ecoment, contributing to 80% of the retail payments across the country, it said.

The Total Transaction Volume Exceded 131 Billion and the Value Exceded ₹ 200 Lakh Crore for the 2023-24.

Its ease of use, combined with a growing network of participating banks and fintech platforms, has made upi the preferred mode of real-time payments for millions of users who.

As of January, 2025, Over 80 UPI Apps, 641 Banks are currently live on UPI EcoSystem, It Said.

In FY 24-25 (Till Jan, 2025), The People to Merchant (P2M) Transactions Contributed 62.35% and P2P Transactions Contributed 37.65% of the overall upi Volume, IT SAID.

The contribution of p2m transactions reacted 62.35% in January, 2025 where 86% of these transactions are up to a value of ₹ 500, it said, adding, this indicates the trials among rights among rights Making low value payments.