India, April 2 -- India's digital payments landscape is changing quickly, spurred by the growing acceptance of Unified Payments Interface (UPI), increases in Point-of-Sale (POS) terminals, and mobile payments. The "India Digital Payments Report for 2H 2024" by Worldline details important information about changes in the industry and the growing prevalence of digital transactions and innovations shaping the future of payments in India.

UPI continues to be India's digital payments backbone, with transaction volume expanding 42% year-on-year (YoY) to 93.23 billion transactions and transaction value growing by 31% to INR 130.19 trillion. This growth further exhibits UPI's leadership in both person-to-person (P2P) and person-to-merchant (P2M)...