UPI transaction value surges to Rs 1,669 lakh crore in first five months of FY 2024-25

The Union Finance Ministry reports a significant surge in digital payments, reaching Rs 1,669 lakh crore in the first five months of FY 2024-25. The volume of transactions hit 8,659 crore. UPI remains central to this growth, with its transaction value rising dramatically. India's digital payment systems are also expanding globally.