New Delhi, March 12 -- March 12The digital payment transactions (including UPI) surged with over 18,120 crore transactions in 2024-25 (till January this year), with transaction value crossing Rs 2,330 lakh crore, the government said on Tuesday. The total digital payment transactions have grown from 8,839 crore in FY 2021-22 to 18,737 crore in FY 2023-24, with a CAGR of 46 per cent.

This growth has been driven by Unified Payment Interface (UPI), which grew at a CAGR of 69 per cent, increasing from 4,597 crore transactions in FY 2021-22 to 13,116 crore transactions in FY 2023-24, according to Minister of State of Finance, Pankaj Chaudhary, in a written reply to a question in Rajya Sabha.

The UPI has captured around 70 per cent of total di...