UPI transactions surge 52% to 78.97 billion in H1 2024: Report

NEW DELHI: Indian instant payment system Unified Payments Interface (UPI) saw a 52% year-on-year rise in transaction volumes, reaching 78.97 billion in the first half of 2024, according to a report.

In its India Digital Payments Report for the first half of 2024 (January to June), payment technology service provider Worldline revealed that UPI continues to dominate the payment market and is expanding its reach rapidly.