UPI Transactions Soar to Record Rs 28.33 Lakh Crore in January

• Unified Payments Interface (UPI) transactions reached a record Rs 28.33 lakh crore in value and 21.70 billion in volume during January.
• This marks a significant increase from December's Rs 27.97 lakh crore, showing a 21% month-on-month growth in value.
• The average daily transaction volume in January stood at 700 million, with an average value of Rs 91,4033 crore.
• Worldline CEO Ramesh Narasimhan highlighted UPI's strengthening growth momentum, noting a 28% year-on-year growth.
• The data was released by the National Payments Corporation of India (NPCI), underscoring UPI's expanding adoption.

Why It Matters: UPI transactions hit an all-time high in January, demonstrating robust growth and widespread adoption.