Question
What was the total value of UPI transactions in India in
October 2024?Solution
According to recent reports, the total value of UPI transactions in India during October 2024 was ₹23.5 lakh crore (equivalent to approximately US$ 279.4 billion). This figure represents a new record high, with 16.58 billion transactions processed in the month. Key points about October 2024 UPI transactions: ·        Transaction volume: 16.58 billion ·        Transaction value: ₹23.5 lakh crore ·        Growth: Significant increase compared to previous months, attributed to the festive season
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