RBI Releases Payment System Report, December 2024, with Focus on UPI Trends

The Reserve Bank of India (RBI) has published the Payment System Report, December 2024, providing a comprehensive analysis of trends in payment transactions across India over the past five calendar years.

The report covers developments in the payment ecosystem, with a special focus on Unified Payments Interface (UPI), examining usage patterns, growth, and emerging trends in digital transactions.

Going forward, the RBI has announced that the Payment System Report will be published on a half-yearly basis on its official website, strengthening transparency and providing stakeholders with regular insights into the country’s rapidly evolving digital payments landscape.

[RBI]