<h1>Digital Payments Surge 46% in Two Years; UPI Grows 69% with Major Boost from Incentive Schemes and DIGIDHAN Mission.</h1> Digital payment transactions in the country have surged by 46% from 8,839 crore in FY 2021-22 to 18,737 crore in FY 2023-24, primarily driven by the Unified Payment Interface (UPI), which alone grew by 69%. UPI transactions accounted for over 70% of the total digital payments in FY 2023-24. The growth was bolstered by the 'Incentive Scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions,' which encouraged merchant onboarding and expanded digital infrastructure. The number of banks offering digital payments increased from 216 to 572 during this period, supported by the government's DIGIDHAN mission and incentive programs.