Share your story and shine at JK Monitor!🌟 Welcome to JK Monitor, where every story matters and every achievement is celebrated! We invite you to share the remarkable journey of your life and showcase your accomplishments to the world. Join our exclusive interviews that honor exceptional individuals just like you. NEW DELHI: Senior BJP leader and Rajya Sabha Member Er. Ghulam Ali Khatana highlighted the significant growth in UPI transactions and credit card spending, marking an all-time high. He stated that in January 2025, UPI transactions surpassed 16.99 billion, with a total transaction value of ₹23.48 trillion. The cumulative UPI transactions for the financial year 2023-24 exceeded 131 billion, with the total transaction value crossing ₹200 trillion.
He further noted that 62.35% of UPI transactions in January 2025 were person-to-merchant, while 37.65% were person-to-person. 80% of retail payments are now facilitated through UPI. Over 641 banks and 80+ apps are integrated into the UPI ecosystem. 80% of UPI transactions were for amounts below ₹500, highlighting its role in everyday payments.
Additionally, credit card spending reached a record ₹1.86 trillion in January 2025, with key investment segments witnessing a 69% growth over the past two years. Er. Khatana emphasized that these figures reflect India's rapid digital financial transformation, reinforcing its position as a global leader in digital transactions.
