For the first time, UPI transactions in the month of January surpassed 16.99 billion and the value exceeded Rs 23.48 lakh crore. UPI remains the cornerstone of India’s digital payment ecosystem contributing to 80 per cent of the retail payments across the country. Professor Carlos Montes from Cambridge Business School said UPI provides an opportunity to other countries to learn from the Indian experience. The contribution of P2M transactions reached 62.35 per cent in January 2025 where 86 per cent are upto a value of Rs 500. The total transaction volume exceeded 131 billion for the FY 2023-24, according to the Ministry of Finance. Currently, U PI is live in over 7 countries, including key markets such as the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, allowing Indians to make payments internationally. For confidential support on suicide matters call the Samaritans on 08457 90 90 90 or visit a local Samaritans branch, see www.samaritans.org for details. In the U.S. call the National Suicide Prevention Lifeline on 1-800-273-8255 or visit http://www.suicidepreventionlifeline.org/.
