UPI: 6 days over 700M daily transactions, 5 days over Rs 1 lakh crore in December

• UPI daily transactions surpassed 700 million for the first six days of December.
• The first five days of December also saw transaction values exceeding Rs 1 lakh crore.
• December's performance shows strong growth compared to October (8 days > 700M) and November (3 days > 700M).
• New fintechs are leveraging RuPay credit cards linked to UPI to generate revenue through merchant discount rates (MDR).
• The government aims for 1 billion daily UPI transactions, a target that seems achievable next year.

Why It Matters: Record UPI transactions highlight its growing dominance in digital payments.