<h1>UPI Hits Record High with 16.99 Billion Transactions in January 2025, Expanding Global Reach and Financial Inclusion</h1> UPI transactions in January 2025 surpassed 16.99 billion, with a value exceeding 23.48 lakh crore, marking a record high. Professor Carlos Montes from Cambridge Business School, visiting India for the NXT event, praised UPI's success and its potential for global adoption. UPI, contributing to 80% of retail payments in India, saw a total transaction volume of 131 billion and a value of 200 lakh crore for FY 2023-24. Currently, 641 banks and over 80 apps are part of the UPI ecosystem. UPI is expanding globally, now operational in over seven countries, enhancing cross-border transactions and financial inclusion.