UPI Rules India's Digital Payments: To Grow Three-Fold by 2030

Unified Payments Interface (UPI) has become the strength of India's digital payments, with 84% of the total digital payments. A latest report by The Digital Fifth projects UPI's growth, where transactions grew 4.4 times from 2021 to 2024, totaling 172 billion a year. The system is estimated to triple in volume by 2030, underlining the importance of having strong infrastructure in place to meet this exponential expansion. UPI's success saga continues to push financial inclusion and merchant acquisition nationwide.

 

Source: Business World