UPI transactions rise 8% to 16.73B in Dec: NPCI data

India's Unified Payments Interface (UPI) has witnessed an 8% growth in transaction volume, reaching a record INR 16 trillion in December. The increasing adoption of UPI reflects the growing preference for digital payments across the country. UPI’s seamless integration with various financial institutions and its ease of use have contributed to its success. The platform has become a major tool for financial inclusion, enabling millions of Indians to engage in digital transactions, boosting India's cashless economy and contributing to greater economic efficiency.