Digital payments in India to grow threefold from 159 bn in FY24 to 481 bn by FY29: PwC

India's digital payments industry is booming, with transaction volumes growing by 42% YoY in FY 2023-24. A PwC report projects a threefold increase in transaction volumes by FY 2028-29. UPI leads this growth, accounting for over 75% of transactions and expected to reach 439 billion transactions by FY 2028-29.