UPI transaction volume grows 42% to reach 93 billion in Jul-Dec 2024

India’s Unified Payments Interface (UPI) continues to dominate the digital payments landscape, with transaction volumes surging 42 per cent year-on-year (YoY) to reach 93.23 billion in the second half of 2024, a recent report has shown.

The ‘India Digital Payments report for 2H 2024’ report by Worldline showed that three UPI platforms are dominant in terms of volume and value: PhonePe, Google Pay, and Paytm.