India's mobile payments surged nearly 30% y-o-y to ₹198 lakh crore in 2H 2024, driven by UPI transactions, which increased 31%. UPI remains the dominant force, while credit card transactions also grew significantly, highlighting the shift towards digital payments in India's economy.
Mobile payments near ₹200 lakh crore in H2 2024 as UPI transactions surge
livemint.com - 10 Apr 2025 10:36
India's mobile payments surged nearly 30% y-o-y to ₹198 lakh crore in 2H 2024, driven by UPI transactions, which increased 31%. UPI remains the dominant force, while credit card transactions also grew significantly, highlighting the shift towards digital payments in India's economy.
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