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India’s homegrown Unified Payments Interface (UPI) kept ruling the digital payments landscape securing more than 85% of the pie in terms of volume in 2024. According to the Payments System ...

The landscape of digital payments in India is evolving at a breakneck pace. With the introduction of UPI (Unified Payments ...

The share of the Unified Payments Interface (UPI) in India's digital payments has surged from 34 per cent in 2019 to an impressive 83 per cent in 2024, with a remarkable CAGR (cumulative average ...

with the bulk of the growth credited to the popular Unified Payments Interface (UPI). From 1.6 billion in FY13, digital transactions grew to 164 billion in FY24, the Reserve Bank of India's (RBI ...

UPI has been the most significant contributor to the growth of digital payments in India due to its usefulness and ease of use, the report points out. Image: IANS In contrast, share of other payment ...