Question
What was the share of UPI in India's total digital
payments in 2024?Solution
According to the RBI's payment system report, UPI's share in India's digital payments surged to 83% in 2024, a significant rise from 34% in 2019. This growth was driven by real-time payment adoption, reducing reliance on other payment methods like NEFT, RTGS, IMPS, and card-based transactions, which collectively declined to 17%.
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