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of <h1>India's Digital Transactions Surge: UPI Hits 16.73 Billion, IMPS and FASTag Also Grow, Boosting Cashless Economy.</h1> India is experiencing significant growth in digital transactions, driven by the Unified Payments Interface (UPI), which recorded 16.73 billion transactions in December 2024, with a transaction value of Rs 23.25 lakh crore. This marks a 46% increase from 2023, highlighting a shift towards a cashless economy. Immediate Payment Service (IMPS) also saw growth, with 441 million transactions in December 2024. The NETC FASTag system, facilitating cashless toll payments, recorded 381.98 million transactions. These advancements underscore India's commitment to a digital-first economy, enhancing transaction speed, security, and financial inclusivity.
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