Quick Summary
Digital payment transactions volume grew to 18,737 crore in FY 2023-24 from 2,071 crore in FY 2017-18 at Compounded Annual Growth Rate (CAGR) of 44%; with value of transactions at ₹3,659 lakh crore in FY23-24 from ₹1,962 lakh crore in FY17-18 at CAGR of 11%UPI transactions volume grew to 13,116 cror
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FAQ :
Digital payment transaction volume grew from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, at a Compound Annual Growth Rate (CAGR) of 44%.
UPI transaction volume grew from 92 crore in FY 2017-18 to 13,116 crore in FY 2023-24, at a CAGR of 129%.
UPI is currently live in 7 countries: UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius.
The DFS plays a critical role in promoting digital payments in India and accelerating the adoption of fast payment systems like UPI.
According to a 2024 report, approximately 49% of global real-time payment transactions took place in India in 2023.
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