UPI transactions in January surpass 16.99 billion, highest recorded in any month
The Hindu
UPI transactions hit record high in January 2025, with over 16.99 billion transactions and ₹23.48 lakh crore value.
UPI transactions in January surpassed 16.99 billion and the value exceeded ₹23.48 lakh crore, marking the highest number recorded in any month, the Finance Ministry said on Thursday (February 28, 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 cornerstone of India's digital payment ecosystem, contributing to 80% of the retail payments across the country, it said.
The total transaction volume exceeded 131 billion and the value exceeded ₹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 across the country, it said.
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.
CBSE draft policy allows Class 10 students to take board exams twice, choose subjects, and select streams provisionally.
Bershka debuts in India with trendy, tech-forward store offering affordable fashion for Gen Z and millennials.
Stalin’s bid to divert attention from misgovernance in T.N. has not resonated with anyone: Annamalai
BJP Tamil Nadu president K. Annamalai said CM M.K. Stalin was yet to realise that his attempts to divert attention from misgovernance in the State to “a non-existent Hindi imposition” had not appealed to anyone.
Tamil Nadu Governor R.N. Ravi on Friday (February 28, 205) criticised the two-language policy followed by the State government, terming it “rigid.”
Agriculture Minister presents ₹48,341.14 crore budget for agriculture and allied sectors, focusing on irrigation, power supply, and farmers' welfare.
The Chennai Unified Metropolitan Transport Authority (CUMTA) will roll out a common ticketing system application by April this year.
Officials had said that with loss of revenue standing at 10% and power theft not rampant in urban areas, it will be feasible to install smart meters only when new applications are submitted rather than replacing digital meters (which have recently been installed) in Bescom limits.
This is the second time in two months that leopards are in the news in Mysuru having managed to infiltrate high-security and high-profile establishment in the city.
The Madras High Court on Friday expressed anguish over most of the criminal cases against politicians not reaching their logical end due to the “usual dilatory tactics” adopted by government officials in lodging complaints under relevant laws.
Amaravati in Andhra Pradesh set to become a major economic powerhouse with massive investments and job creation.
Telangana CM Revanth Reddy criticizes Union Minister Kishan Reddy for neglecting state projects, urges cooperation for development.
Supreme Court halts construction at Mehrauli Archaeological Park, protecting centuries-old religious structures from demolition.
Vivo announced the launch of T4x 5G smartphone on March 5 in India. The new series T phone is expected to offer a 6,000 mAh battery to its target group of budget buyers