UPI transactions touched record 16.73 billion in December 2024: NPCI data
The average daily transaction count during December was 539.68 million, up from 516.07 million in November.
Transactions through the popular Unified Payments Interface (UPI) touched a record 16.73 billion in December, recording a growth of 8 per cent over the preceding month, according to data released by the National Payments Corporation of India (NPCI).
In November, the UPI transaction count was 15.48 billion.
NPCI said the value of the transactions worked at ₹23.25 lakh crore in December 2024 as against ₹21.55 lakh crore in November.
The average daily transaction count during December was 539.68 million, up from 516.07 million in November.
In value terms, the average daily transaction amounted to ₹74,990 crore in December. This compares with ₹71,840 crore in November.
NPCI, an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association, is an umbrella organisation for operating retail payments and settlement systems in India (IBA).
NPCI runs the Unified Payments Interface (UPI) used for real-time payments between peers or at merchants' end while making purchases.
