UPI volume scales new peak of 16.99 billion in January, shows NPCI data

Unified Payments Interface (UPI) transactions saw a marginal 1.6 per cent month-on-month increase in volume to 16.99 billion in January, up from 16.73 billion in December 2024. This was a new record in terms of volume, since the digital system became operational in April 2016.

In November, the volume was seen at 15.48 billion. On the other hand, the value also increased by 1 per cent to Rs 23.48 trillion, up from Rs 23.25 trillion in December.