In December, UPI transactions soared by an impressive 42% year-on-year, reaching an astounding value of Rs 18 lakh crore. The transaction volume witnessed a substantial 54% rise, totaling 1,202 crore. Remarkably, the month-on-month growth in UPI transaction volume was a substantial 7%.
Despite missing the targeted 100 crore daily transactions set by NPCI earlier in the year, UPI still achieved an impressive average of 40 crore daily transactions in December.
This signifies a remarkable stride in digital payments adoption.
Fastag transactions experienced notable growth, with a volume of 34.8 crore in December, marking a 13% YoY increase.
The value of these transactions also saw a substantial uptick, rising by 19% to Rs 5,861 crore compared to the same period last year.
Furthermore, this figure is 10% higher than the recorded Rs 5,539 crore in November 2023.
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