In July 2024, Unified Payments Interface (UPI) transactions in India experienced a month-on-month increase of 3.95%, rising to 14.44 billion from 13.89 billion in June.
This growth reflects a continued upward trend in digital payments, with the total transaction value surpassing ₹20 lakh crore for the third consecutive month, reaching ₹20. 64 lakh crore in July, compared to ₹20.07 lakh crore in June.
This performance underscores the increasing adoption of digital payment methods in India, driven by the convenience and efficiency of UPI.