<h1>India's UPI Hits Record with 16.58B Transactions in October 2024, Boosting Digital Payment Growth by 45% Over Last Year.</h1> In October 2024, the Unified Payments Interface (UPI) in India achieved a milestone by processing 16.58 billion transactions worth Rs. 23.49 Lakh Crores, marking a 45% increase from the previous year. Launched by the National Payments Corporation of India in 2016, UPI integrates multiple bank accounts into a single app, facilitating seamless transactions. Its features include 24/7 accessibility, secure payments, and enhanced privacy. UPI's impact extends to small businesses and global markets, with operations in seven countries. This growth underscores India's leadership in digital payments and its commitment to a cashless economy.