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06Feb 2025
UPI Drives Surge in Digital Payments Across India
Why in the news? UPI’s dominance in India’s digital payment ecosystem has grown substantially, contributing to a ten-fold increase in payment volumes and values since 2018. It now accounts for 83% of digital payment transactions, transforming India’s financial landscape. Growth in Digital Payments (2013–2024): Digital payments in India increased over 3.5 times in value from …
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