<h1>India's Digital Payment Boom: UPI Transactions Skyrocket, Boosting Cashless Economy & Global Financial Influence.</h1> The Department of Financial Services (DFS) under India's Ministry of Finance is significantly advancing digital payments domestically and internationally. Digital transaction volumes surged from 2,071 crore in FY 2017-18 to 18,737 crore in FY 2023-24, with a CAGR of 44%. The Unified Payments Interface (UPI) has been pivotal, growing from 92 crore to 13,116 crore transactions in the same period. UPI now facilitates transactions in seven countries, enhancing cross-border payments. This growth aligns with the government's vision for a cashless economy, boosting financial inclusion and India's global financial influence.